As it has been said here many times before, with all those inflated salaries at corporate in sunny fla., why haven't their been ANY open market buys. Surely they must all think it's a steal at these prices....NOT! They know what you dread...namely, WHC POS is overvalued at $8.
This POS is a short's wet dream. Much more downside coming. I see $4 within 2 months.
Laughing all the way...told you so! Next time listen to me.
I have respect for shorts such as todd. Though it is late in the game to be shorting whc, its thin volume and greatly reduced valuation make it a poor risk/reward short in MO. My cost is a little over $9 and plan to hold at least a year. There is decent support at $8, as a couple of 50k bids popped up chasing the stock back up. Picking a bottom is tough on any stock whc is no exception. Mgmt is not able to buy at this time (quiet period)until after March 14. I would not expect mgmt. to initiate a buyback but you can bet they will attempt to instill confidence to the street. As for buffets, when the stock broke 11 he promised to never return. But here he is. Being a liar is not even the worst of it. He has no positions on whc, long or short. So while Todd along with the rest of us invest our time and $ trying to make a profit, buffets tags along like an outcast child seemingly with nothing better to do. best, jr
Abusing the stockholders of WHC will not bring back the money you have lost on BEBE. I suppose you picked on the weakest kids when you were in (are in?) high school - instead of developing remedial social skills. Your ego is too large in comparison to your standing in life.