Remember $124 million is in Carphone stock and a $200 million charge net net its actually $451 million in cash plus the stock. I'm watching today for another push and I may start to short small amounts and the next day or two. Some of this will fade by Friday I believe.
There is a new team in town, they are trying to fix the problems formed by the old team, they cant take back the 2.1 billion dollar puchase all they can do is minmize the damage and plan for the future thats what this move is dont u get it??
No, I get it. And I'm not drinking the "new management team" koolaid. If you have confidence in their business plan and see increased profits in BB's future, buy more and good luck. Myself, I see a good opportunity for puts.
Agreed. But the earnings this year will be $1.80 to $2.20 based on my estimates, and even the boldest WS analysts don't have numbers much above that. So you're paying quite a multiple here for a turnaround story at $26+.
If the move was to hold it should be around $1.70 move based on the share amount. These are the same momentum guys in the stock after the Samsung move. They will fade some of this the over the next two weeks I believe. Momentum guys do not stay long.