Yes if the banking unit sale was announced the stock would have probably been in the 40s with the expected announcements right now...but a 6 pe now...and a dividend...it should be in the 40s without that news..big money should be hitting this stock heavy as a SAFE HAVEN ...with big gains to be made. Didnt the CEO even state he can hit targets in the worst of conditions what could be better... just a ten dollar move is about 30%... to make 30% in apple the stock has to go up about another 200...just an opinion
All I can say is thank you Big Ben! He really saved my butt today. I am all in on this company, long the stock and deep in the money March calls. Needless to say, yesterday and this morning was an unmitigated disaster for me, all on massive dumping by 'tutes on privileged leaked unsubstantiate "reports" that the bank sale was held up indefinitely. That was the worst possible "news" that could have happened to this stock, and those stupid flippers have clearly taken the exit bump premium out of the stock.
And then Big Ben rode to the rescue with what is probably the best program he could have announced, buying mortage backed securities. And Met owns mortgages, among other things. So their value should clearly be going up. Maybe the company can sell a bunch of them and raise capital so that the Feds would say they are in good enough position to allow them to raise the dividend and perhaps buy back shares, before they exit the banking business. After all, the only reason to exit was to be free to distribute their cash horde.
Either way, to me the worst news is already out and priced into the stock, so I'm staying with my position.