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  • vriwatcher vriwatcher • Jan 15, 2008 1:47 PM Flag

    BIG down volume

    Not a good sign to have volume this big and have most of it be down. Insiders seeing bad numbers? PE too high for a soft market? Still unsure why they keep so much debt on the books.

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    • deepharbor deepharbor • Jan 17, 2008 11:20 AM Flag

      down 20% in 6 days on no new news, looks like there must be a hedge fund or mutual that is forced to sell,

    • colterbayboy colterbayboy • Jan 15, 2008 3:15 PM Flag

      I believe the trading window has closed for those employees who would be considered insiders. Especially since January is the end of the second quarter. Although, there may be employees who are not restricted who may be selling, but one would assume that they would not have the funds to drive the market this low.

      It could be fund managers doing some repositioning, although you wouldn't think so. You will likely see buying after hours as the stock repurchase program kicks in.

      As for the debt, proportionatly it is not that high. Especially when you consider the cash flow being generated from sales.

      • 1 Reply to colterbayboy
      • vriwatcher vriwatcher • Jan 15, 2008 6:18 PM Flag

        Just odd that today JPM, USB, BAC, WM and C were down on the continuing (bad) news for financials, but MTN got hit harder on no news? Yep, could be pruning by the funds. Maybe the stock just got WAY ahead of itself. As for the debt, MTN has carried this much debt on the balance sheet for some time. But revenues look flat so earnings will only grow with cost reduction. I wonder what the CEO will use to buy new properties? There isn't THAT much cash on the balance sheet.

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