Upping stop loss to $1.75, partial sale of 25% or less potentially at $2.10. Doesn't hit $2.10 before earnings, but above $2.00, will set stop loss around $1.80. I figure the scenerio plays out like this (acey will LOVE this) SSS down, OMFG, but 700 -750 basis points due to generics. Earnings (you know, oh, acey will hate this, the BOTTOM line) up. I then can see a stop loss in the range of $2.00 - $2.10.
My latest credential is on the RF board, where ANALysts were predicting anywher fro a dividend increase to between $.13 and $.24 cents per share I said I hoped for quarterly dividend around $.025 - $.03 per share ($.10 - $.12), and $.12 it was. Also said wanted cash saved for buybacks, $350 million there, at RF's price sooner the better, and addition buybacks of $500 million besides.
Don't believe me, check the RF board, got a lot of spam to sift through there too though.
Like to buy and trade or hold, rarely buy a stock for a short, but have my hand on the trigger, this looks like the perfect opportunity. A large debt, poor cash flow, sales starting to decress and horrendous managment Add to the fact that Walgreens is ready to explode, it might be time.
This sounds valid except it's a bunch of negative spin.the most obvious fallacy is horrendous management. You just haven't noticed the change over the last two years. The previous management talked and talked , but did nothing. These guys are sharp. I'm looking forward to the next qtr's earnings. Previously qtrs were way above expectations. If this qtr is the same , the stock goes to $4.00
Moved my stop loss up to $1.65, earnings coming up, thinking about putting a sell in for 25% - 30% if it touches $2.00. If the fudge hits the fan, least i got half my money back, re evaluate from there. No $2.00 before earnings, let it ride. Even at $1.65 I be up almost 35%. Win win as far as my personal situation stands. Some say $2.12 the mark (represents a decent chunk of my money back, about 86%), I keep researching, $2.10 hits 25%, pretty much sold, 75% rides.