I think $5 is just around the corner. Last quarter we all thought they had ceased their repurchase and then found out they were still buying 20,000+/- shares each trading day......and getting it cheap. Now, great news, upward revisions and company is still buying 20,000+/- shares every day pushing stock up every single day. If we get someone else interested in making a large buy we could rock. I still think $5+ before EOM. I honestly wouldn't be surprised to see it by end of next week. DaninFW
Although there are real questions concerning whatever "long term" means in this market environment---one hears/reads that with high frequency trading superimposed on actively traded hedge funds, day traders, momentum players etc. 70% of the stocks being traded are held for less than 30 seconds-- presents some challenges to anyone thinking of holding a stock for any length of time--
In any event for anyone thinking in terms of a 2014 time frame, I did some very preliminary work a few days ago concerning TVL cash flow with the acquisition completed---Do not have my notes with me but the bottom line:
By end of 2014 debt could be reduced from $900,000,000 after the close of acquisition to $800,000,000.
The company in 2013 and 2014 could fund $.42 annual dividend
Capital spending at $30,000,000 in each of those years--
Approximately $40,000,000 cash on balance sheet at end of 2014
The numbers were "rough" but should be in the ballpark
Everyone should do their own due diligence-- of course--a lot of things can happen to "upset the applecart"