Markets tanked later on with the Deutche Bank news. Clf underperformed the entire day. BHP was up 1% when Clf was down much earlier in the day by 4-% and BHP had missed a bond payment the day before. Meanwhile the other IO producers were flat to down 1%. Yesterday was a clf specific matter even before the overall crash began
The contract was retroactive to October 2015, was that it?
Something spooked invests to hit the sell button hard.
What are you saying. Gild is now just 6% or so above a 3 year low in share price. Stop defending gild as an ok company. They have declining rev, increased comp, and no clear strategy outlined for WS to step in and buy this.
BHP up when they missed a bond payment the other day
Since dilution occurred the narrative on Clf also changed
Hope LG has something for this at the CC cause it isn't his style to address these moves until CC
Other have said the same yet we keep drifting down fr whatever reasons why. As I said earlier in another post today, it changes and we swing higher as you said, just when?
Sellers still rule the trade
disclosing them to investors.
Another reason for potential buyers to be worried of pending liabilities.
Still surprised it's held up near the highs of an expected offer range at the high end. F it does happen, SP will like be much lower
Some of that must come back in. How much is from short covering? Seems like an outsized advance or desperation buying, especially since most anal on WS don't believe the rhetoric.
on track to come back on line when weather improve.
No updates on this yet from management so wonder if it's a lie as Sp keeps finding new lows.
The news out of China the past days was good. The worry Gordo had of a damned China damning IO going forward is also a removed factor. Clf will catch another wave up soon.
acquirer has formally releases a statement of denial.
Even if something happens, and many connected people do not believe it will occur, the pice will be lower.
That's my bet as well.
What we do know in takeovers from the past is that some companies I'll pay stupid high prices for something they want.
Share price is at a two year low. They are not prevailing. What are you looking at?
Rev for flagship product is in a sever decline YTD compared to,sales from prior two years. Comp from two other bio companies is now a big factor at much lower pricing.
They will not prevail without a new category killer. Don't be so simple about this.
The cash they have begins to disappear over time w/o new sources for growth and gild has not shown WS where that comes from.
Some posters here seem to pretend rather than face realities. Gild must do something now that they have about $30B to play with.
Samarco Mine missed its bond payment this week of $500M. Think BHP and Vale are second guessing the overproduction strategy. Their madness is costing them dearly including the jobs of certain CEOs. Only sector leader who had it right and started making the necessary changes and adjustments early enough was LG
I doubt they will repeat the plans that destroyed the sector, shareholders and companies
GILD has a special story on its balance sheet and pipeline but neither get traction. IBB and CELG and others trading nearer to YTD highs with GILD not only at YTD low, but a 2 year low.
GILD is especially troubled now in the mind of WS and they need to be persuaded of a growth story but they do not have one yet.
Share price is truth, as GILD has made no convincing story to buy the stock.
Who knows why, but this is the current reality. No adoption of anything to change the narrative.
Another downgrade today to $15 on a failed buyout view.
Like I asked yesterday in the original post, who the hell keeps buying this? There is a lot of stupid buying by retail or desperate hedge funfpds who underperformed looking for a slam dunk that won't happen.
Thanks, did not know he said anything. However, LG does not go to mainstream financial news media like Musk does. He saves it for his CC. Eventually, we hope, he does crush them
And this is the message LG has to drive home in a way he hasn't yet at the next CC because ramps, as usual, get ripped apart. This last one is entirely due to the dilution. Don't expect LG to say anything ahead of ER as he has yet come out to defend CLF against bad reports the way Musk does.
If CLF is going to see $8 before ER, the climb needs to start now as t will likely be done in small daily gains rather than some news that moves it in a few days.
for potential of $1 more than now with a more likely outcome of an offer (if it happens 3 pr more below here.
Is it just stupid retail or just people chasing a hope and dream?
I went short after the initial rise in SP on the rumor. Even if ere is a buyout, who will pay the amount it trades at today? Already over priced. I was long before, took a bruising on it, and how does anyone pay $25 a share for this? I come to believe this is a broken company as they Aer clueless how to fix it or Jack is too stubborn to change it enough to to fix it. They are lost.
If there is an offer it will have to be for something below 19. Some are calling for a 17 target.