The street likes BAC. WFC, pe @ 11, C pe@ 18 plus WFC pays 2.75% div. I dont know if BAC goes up, but C and WFC should go up more.
It looks like a programed sell went off 15 seconds before the close. Looks like 300k shares were sold at market driving the price down. Interesting enough, about 339k shares were traded in after hours. It wouldnt shock me to see it was a hedge fund trying to get shares cheaper before earningstomorrow.
The well count is lower. Granted, the wells could be opened at any time, but the number is lower. The reality is, if its cold on Wacker Drive or Wall Street. NatGas will go up.
Almost 50% of the float is short, and if you look at the chart, the shorts are underwater. Weak shorts will abandon ship this afternoon. KBH should close on the high today.
The float on this company is 1.8m GS and Paulson own the bulk of that. There simply are not enough shares out there. Within 2 weeks this stock will be called from the street and asked for delivery, creating a natural short squeeze. I do not know where this will go to, but it is the perfect set-up. Try shorting this stock, it cannot be done.
I have no great feeling for this company but the ride up will be fun
Yes there are shorts. The ultimate squeeze will occur when Paulson and GS demands delivery of the stock and there are NOT enough shares to deliver. I have no great regard for this company, but the squeeze will be remarkable
This company is almost 15 billion in debt. Losses almost 3 million a day. How they have kicked the can down the road this long truly baffles me. I wouldnt short this stock as there is only 10 points of possible profit. Define your risk. Buy puts in this one.
Here is my calculations. Please note: If bonds are called, (restructured) there is a significant payment due the bondholder.
14 Billion at 9% = 1,260,000,000 interest per year or $3,452,054.80 per day
Aria has about 4000 rooms. The hotel was built for about 5 billion. Or 1,250,000.00 per room. Financed at 10% that is $342.00 a day in interest payment, per room, per day. How does this property ever pay debt, let alone make money?
OK folks. For all of you playing MGM on the long side. Please tell me when you see this company not losing money. What is the catalyst that will make this happen. How will they ammortize 14 billion in debt in a rising intrest rate market. Please, dont use the word "hope" and "wish" in your thesis. I have no problem playing any stock, long or short. I just want to know why you think this company will survive.
14 Billion in debt. Debt is growing at 800 million a quarter. As, I see it they are paying about 10% juice. Talk about the daily nut to crack. The common shareholders and most of the bondholders are going to get hosed. DEBT KILLS!
MGM's debt has only skyrocketed. This company is a lot like Greece. They will need the bondholders to take a haircut for the company to survive. Call in Angela MERKEL and the germans to save MGM