Yes, there are 10 analyst estimates on Bloomberg averaging $1.60.
The High/Low range of the estimates is $1.50 to $1.71. The mean and median estimate is $1.60.
15 months ago, that estimate was around $3.20 per share.
The old credit agreement was $65 million had been upsized to $100 million via
exercise of its "accordion" feature.
This new facility is three times larger.
Only $10 million shares outstanding, so $200 million represents the
ability to borrow up to $20 a share.
The CFO was replaced yesterday.
All signs point toward a large M&A deal upcoming, in line with
management's aspirational target of a FY15 revenue run rate of $460-$480
by the end of the FY as mentioned in the 14FQ4 conference call.
I did sell alot in the $70 area.
$3.60 would be an ideal area to reload.
I would have to do more work on it.
Yeah, I just got the writeup in my email from them.
$15 target for YE15. That's 25% about current level in 18 months, plus 8% yield is like a 37% total return in 18 months. Not too bad.
Stock is tanking on the news though, even though rates are down today.
Stocks generally DO have serious problems when ever the short interest gets up to something like 16%.
That's why its sells for minimal premium to tangible book value and only about 8x earnings for the year ending in a couple of weeks.
What do you think they earn in FY15?
If it is over a dollar a share, then the stock is probably cheap.
We looking at movements like this, it should be immediately evident that one also should look at what happened to NNN and O.
Both of those names dropped sharply on Friday, so this move had nothing whatsoever to do with ARCP.
Major oil companies are cutting back on budgets because their return on capital is poor. Take a look at Shell, for example.
Also, much more capital is being allocated toward unconventional land-based shale oil drilling, leaving less capex for offshore.
By all means, we should welcome the opportunity to purchase very high quality, brand new assets for less than purchase cost because the pullback in offshore activity won't last forever.
What is the source of your suspicion?
If that were the case, it would be a major fraud and the company would be in danger of going out of business, right?
I looked at the volume on a 15-minute bar chart of yesterday's trading and the stock hit bottom in the first such time segment of the day, which ended at 9:45.
The volume at that point was just over 6,000 shares.
Volume for the full day was 195,000 shares.
Yes, there was a seller, but there were plenty of buyers, hence the (please correct me if I get this wrong) bullish "Dragonfly Doji" candle yesterday.
That said, the chart is about to experience a "death cross" of the 50-day and 200-day moving averages. Never a good thing.
It's circulating the inner circle?
This is a joke. You are clueless.
As the old lady in that annoying ad says "That's just not how any of this works"