I dont' get it
well, the shorts took over. here..
good to see, lets hope Ichan gets involved...entire sector would jump!! Surprized Buffett hasn't bought CLD or ANR yet...it's been talk for several yrs...feed his railroad...
agree...the IPO was 14 not 15 though...but, chen's management has shown that he doesn't care about his US investors that put in 800 million over 28 months ago...they still haven't completed the buyback which will be 2 yrs this sept...unreal to me...they put the buyback in place when the stock was around 7 bucks..and let it drift down to high 2's...great to see if finally moving..but I don't have faith in chen anymore..hopefully the longs here don't get burnt from tonite..good luck...seems better to be long now anyway
they lost 50 mil,,,,the profit was in the bond swap...which was good for the co, however, revenue drop big time, prices for future coal hasn't moved up at all...anr or aci are much better for a cheap coal play here...but, jrcc is ripe for take out too....shorts will cover for now..
Good job CLF is all I got to say..burn the shorts!
Can't believe how poorly this sector has been this yr...Euro strong...nat still above 3 bucks...even when nat was 2 bucks this stock was 4 times today's price...met pricing firming slightly...but still...unreal cheap for all of the companies...coal patch is black
80,000 shares on the bid at 3.99 seconds before with only 13,000 on the ask at 4.00....closed well....the 80K buy order switched immediately after closing...to sell ...MM's trying to buy up stock on the cheap and shake you out....easy to do with renn...but...it held up well , so did DANG today...Litb, YY....all up nicely...should be a great week..good luck to all suffering longs!
works with somebody...renn sitting on lots of cash, revenues over 200 million this yr, gross profit good, easy take out or partnership with one of the big boys...or even FB....Zuck needs china too eventually
FB deal would double this overnite....something is in the wind for sure...Softbank wants to cash out after putting 400 million into this and has been dead money for over 2 yrs...deal will happen soon, if not fb..then one of the biggies in china
renn finally getting bid...some deal is in the works , shareholder meeting aug 29
renn to follow dang....ipo'd at the same time...renn the only one left to move up...softbanks invested 410 million into renn not far above todays price...they want action..shareholder meeting at the end of the month...buyback is taking out float...wall st really doesn' t care about renn and will trade it for profits up and down...but now with fb hitting new highs...fb needing to get into china...a partnership here would double renn overnite...most of the value is cash, sales this yr 225 million gross profits very high...any one of the biggies could do a all stock deal at 2 to 3 times todays price easily..take renns cash, add 200 million in rev and make it accretive immediately...renn is cheap for good reason and it's because of Joe...but the time has come in this sector again and renn has market share and still growing ...it's a buy..just hold on, the shorts will shake this up
maybe finally time for renn or sina or sohu to take over...easy stock deal at 10 per share for any of the biggies...take in renn's billion in cash..give them stock add 200 million to revenue and user base...fire chen and the board keep employee base and build..do deal with fb....
thanks for the info...just maybe it's time for renn renn...only been two yrs