And OMF doesn't have anything to do with Britain...JPM, Citi, and other global banks that will get negatively impacted by Britain are all higher.
Anyone who wants a job can pretty much get one in today's environment, and wages are going up. Why will borrowers suddenly not be able to pay their loans???
With the economy so strong and job creation, fears of borrowers suddenly not being able to pay debts are overblown. World may have issues, but US is doing remarkably well. I wouldnt be surprised to see defaults go down...
if we don't have a major recession and simply have slow steady growth, this is priced insanely cheap. Most bankss trading for ~10X PE when interest rates around the world are going negative and with increased regulations and fines. OMF you get a company trading less than 4X and experiencing solid growth in the business. Insiders were buying at these levels, so is there a skeleton in the closet, or pessimism about the economy so high that it has crushed this stock? 3-4 yrs of steady economic growth, and the earnings pay for itself.
Domestic company with no impact from Brexit. Financials have rallied back all of their pre-Brexit losses, but OMF fell off a cliff and isnt really coming back. Trading for less than 4 times forward earnings! US economy shows no signs of strain and is actually growing nicely, so why is this priced for a dooms day scenario?
Let TA and its shareholders make some money and stop extracting all profits in the form of excessive rents, and you will have a TA stock that does well, happy shareholders, and no takeover noise... Portnoys are getting too greedy by completely squeezing TA dry to the point it is becoming a non-profit set up solely for the benefit of the Portnoys and cronies they are in bed with.
Share the wealth and avoid headaches of lawsuits, takeover, angry shareholders, etc...
Why wouldnt they just cut the dividend as opposed to put themselves in a position where they struggle to meet capital ratios and have to dilute shareholders at these low prices? Cutting dividend saves them like $1billion or so a year and could help avoid dilution at these record low prices.
Yes, stop buying planes and ramping up capacity where there is no demand for, go use the money on share buybacks...
"Double Digit Capacity Growth" is great news for JBLU? When the industry, now being led by JBLU goes on a capacity expansion binge, what usually happens next is overcapacity and a collapse in pricing. Happens to Drybulk, oil, commodities, etc... THANK YOU JBLU, JUST BUY MORE PLANS AND OFFER $50 ONE WAY FARES.
Poor RASM #s reported again today, stock moves toward new lows... Expanding for the sake of expanding is just a horrible model for JBLU and the industry... Look at all the support on this board for expanding and causing price wars...
No wonder this industry is getting destroyed. JBLU, who is leading these rediculously low fare initiatives is likewise getting crushed. So why price so low??? Is this a charitable industry? Why do JBLU shareholders encourage this?
JBLU's capacity ramp and super aggressive pricing ($60 one way trips) is killing the industry, including themselves as oil blasts higher. In an environment of rapidly declining oil prices, this cut throat strategy may work in winning marketshare and eking out a small profit while at it, but when oil rises, it just kills the industry as everybody is forced to match those $60 trips. 2015 was an anomaly year of plunging oil, and the aftermath of the capacity increases from 2015 environment will bring pain in 2016.
Given all these factors, why would SUNE have liquidity problems? They sold their Japanese assets, raised liquidity in January, and the biggest cash event with VSLR is off the table. Don't they now have excess cash?
SUNE and Terp up and VSLR getting crushed.... Outcome is pretty clear, the loser is VSLR and SUNE gets off the hook. SUNE to be at $5 soon. May be able to buy VSLR on the cheap when VSLR plunges... Sun coming through for SUNE and TERP, clouds covering VSLR...
Brilliant idea! Botch the VSLR and leave them hanging so that VSLR are the ones to go into bankruptcy. Then come in an buy up the assets for a fraction of what it would have cost. SUNE are the smartest guys in the room..
SUNE sold off many of their assets in recent months, did a capital raise, so without a deal to get done, they should be flush with cash. Further, this overhand should clear up on SUNE and the stock appreciation alone could be billions. So over time, SUNE is super strong, they just may not be able to pay right up front.
Market is saying this is great so party hard for SUNE, TERP, but VSLR just got screwed and falls off a cliff. So SUNE and company gets off this easy and it just sucks for VSLR shareholders?
Not much volume, so just lack of interest generally. BAML came out and reiterated $48 price target ,so plenty of upside. Sector also ran a lot lately and probably just taking a breather before moving up again. Nothing concerning, just lack of interest...