Remember when LINE was a conservatively run E&P company that would renovate wells in old fields instead of being a highly leveraged financial instrument of Wall Street? People who chase shiney objects get slaughtered.
Credit Suisse wrote an interesting report a few months back about the strength of Nike's online business v. the brick and mortar shops of Foot Locker and Finish Line. Hopefully down the road, Nike no longer gets wrapped up in the brick and mortar news. OTOH, this is a heckuva buying opportunity.
Sentiment: Strong Buy
Maybe they'll reverse split this to comply.
In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until October 19, 2016, to achieve compliance with the minimum bid price requirement. The Company will regain compliance with the minimum bid price requirement if at any time before October 19, 2016, the bid price for the Company’s common shares closes at $1.00 per unit or above for a minimum of 10 consecutive business days.
The Company intends to actively monitor the bid price of its common shares and will consider available options to regain compliance with the listing requirements.
Sentiment: Strong Sell
What a joke. Ended up with an odd-lot holding of CRC, which has billions in debt and little upside. Glad OXY go out from under it, not happy about spinning it off and making me a shareholder.
Nothing. iSIS is cash rich, wildly succssful and attracts the best and brightest of its kind. LINE, not so much.
Retailers in general are not doing well. In addition to the Sketchers announcement, Macy's reported softness in earnings and guidance and its stock got nailed. FL's stock seems to be tanking in anticipation of the same. I hope zecalvira is correct and that they surprise.