Correct sir. The earnings will keep churning higher, world demand will churn more revenue as Europe rebounds and China moves forward. These shorts will need to cover and this puppy is headed to mid 40's. should be a nice ride.
That is all this is. Once rates start to rise, bank margins increase. This is the low point...accumulate now and be rewarded in 2 yrs big time! This is a 50% gainer in 2 years in my opinion. 22.50 by Jan. 2017. Cheers and thx for the entry
2 days ago loaded up in 9's! I hope linn bought back shares during this drop! Thank you shorts...thank you so much!
In Aug. earnings call they mentioned they had opened a buyback plan for up to 250million units. I'd guess that they bought a bunch back, and i hope they did. if they buy back 1 billion, i think the hedges in place now will cover the divendend through 2017! i hope they bought back a bunch!! still a good buy even here.
dont forget the hedges. This company has got a couple years of nice revenues from Hedges, they made it through 2008 without missing a dividend...we'll see how they do this time. at $10....i'll happily take my chances.
doesn't make alot of sense to me. i think its throwing the baby out with the bath water.
they shorted our energy sector / companies hard, then kept the spicket on and they are feeding it to us while their shorts win. They'll cover at some point here, back to 85 to 90 where even they need it to be.
And Line didnt decrease the dividend. I assume they will do a good job managing through this period as well.
market has no calendar sir. earinging will be good, dividend is awesome and i hope your short buddy.
Cramer's a putts! lets not forget his show is entertainment and if he were really good at investing he'd be on his 300 ft yacht in the Medditteranean.
probably do it again. ya know it has to suck being short and paying out all that do ray me $$$. 28 mill shares short still, unbelievable. maybe they'll blow out earnings and all the shorts who got it wrong will cover...that'll be fun!