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  • chaz16669 chaz16669 • Nov 8, 2012 1:45 PM Flag

    Stock Comp

    With the tank in stock price, I'm wondering if the stock compensation expense will be adjusted downward? I don't know the details of their plan, but the expense has to have dropped which would suggest lower expense going forward and a reversal of expenses already booked based on higher stock prices in prior quarters. I believe this would be in the millions, if not at least $10 mil.

    Management already looking better by cutting expenses:)

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    • michaelsistowicz michaelsistowicz • Nov 8, 2012 3:30 PM Flag

      There stock compensation through September 30th was $ 5,100,000. If (I am assuming here) the price was calculated around OP's 13 bucks then there was about 392,000 shares. Assuming a 4 dollar average stock price decrease... that is $ 1,570,000 or about .05 per diluted share.

      The EPS year to date is .51 TTM is 1.02 (regardless of what Yahoo and CNBC/Ameritrade say) as 2011 Q4 was .51 (.51+.51 = 1.02). Current TTM P/E at 8.75 share current is 8.57

      Estimates have been lowered for year end 2012 to 1.02. So that .05 is in play.

      Sentiment: Strong Buy

    • onepoint272 onepoint272 • Nov 8, 2012 1:50 PM Flag

      As I recall the exercise price was 13 and change.

      Too funny Chaz; success through failure.

 
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