I am not overly worried about the gold price.
Of course, I would greatly prefer it to rise rather than fall.
other than creating losses on gold inventories and depressing consumer demand to purchase gold items at retail, is there anything else that concerns you about the price of gold?
Thanks in advance for the conversation. I continue to see upside to at least a $15 share price on this name (and I am deliberately conservative in setting my target prices, as such).
Thanks, for the info.
So what does the Class B shares entitle the holder to?
Just super voting rights?
Are dividends prohibited currently for some reason?
Pardon my lack of due diligence, but am I to assume that the Class A shares are some sort of "super-voting" shares that are primarily held by the party to the now cancelled management contract?
How many Class A shares are there? How many Class B?
Thanks in advance.
My Bloomberg shows volume for the day of 12 shares on the 11th.
Today, it shows a trade of 3 shares.
Not sure who out there is trading $14 worth of shares at a clip.
Convertible issues typically result in alot of short selling by convertible arbitrageurs trying to take advantage of the bond coupon without having equity risk. That is probably sopme of what is going on here with the drop in the price, though the poor FQ3 guidance also hurts.
So by this, you mean to say that their banks were being pressured to cut off their lines of credit?
There also have been stories about companies (mainly gun retailers and gun manufacturers, but also a number of money-transfer companies serving countries that have, shall we say, "Islamic Finance" systems) who have had their banks tell them they would no longer serve as their banks.
This is the outside risk zone for these guys in an era of communist control of the US government.
The stock is certainly "waterlogged" after the secondary, and it will take some time for it to be absorbed and the stock to act better. 8% is a nice way to wait, though.
The company gave punk guidance for the current quarter, $20-22 cents against a 27 cents estimate.
But they said FQ4 earnings would be 40-42 cents.
They also will sell $175 million in 5-year convertibles, and use the proceeds to buy back 1 million shares. Huh? 1 million shares?
What do they need that much capital for if not to buy back stock? Any ideas?
Obviously, the idea went over like a lead balloon today, though apparently it was up afterhours yesterday on the news.
CLC reports earnings Wednesday.
I would have to actually check to know if it is in the morning or after the close.
DCI frequently moves "in sympathy" with CLC's earnings. These are typically quite tradable opportunities.
I find that negative earnings results here typically result in quite tradeable buying opportunities.
You just have to figure out if there is a second leg down after the initial reaction.
I tend to believe George Jetson.
After all, he lives in the future. He has had some of the best stock advice around.
The stock's historical volatility is VERY low.
You might be better off with the $30 calls which have very little premium.
be forewarned these options are almost totally illiquid. Just like
the Hotel California.
That's why the calls are cheap.
The stock has badly lagged its peer CNQ.
There are several catalysts potentially
1) Canadian Pipeline approvals
2) Decision to spin royalty lands into a trust
3) Keystone XL decision
With the stock at $30.80 right now, it is at its highest price since last July.
You have to be kidding?
Do you bozos realize the pittance of a price that GGC paid for these restaurants on a net basis after selling the real estate?
They paid BARELY $1 million per store.
Their cost basis is SO LOW that they are going to be in a position to compete much better.
There's another thing about RL that nobody is mentioning.
It has been a LONG time since RL was increasing its store count. As a result, these locations have had the areas surrounding them substantially built up since they were built.
These locations are likely among the very best in the entire restaurant industry in many cases. They will be VERY easy to turn into other restaurants as time and necessity dictate.
ARCP is going to likely collect close to every penny of rent they are due on this deal.