I think the reason for the price drop is the news today on new 25% emissions reductions the US Govt is considering for power plants. Given that WLT produces met coal and not thermal coal it should not have been affected but shorts use any excuse to drive the price further down.
Riverbed (RVBD +0.8%) has "entered into a collared accelerated share repurchase agreement" with Citi through which it'll buy back $75M worth of shares. The buybacks are expected to be finished no later than Feb. 5, 2014.
Riverbed spent $50M on buybacks in Q3, and added $200M to its buyback program in August. The company stated on its Q3 CC (transcript) it had $213M remaining on its buyback authorization.
Don't get it. EPS beat, guidance in range. Revs off a little but still up big YOY. Only thing I can think of is pr margin guidance but Jason forewarned off that a while back so should be baked in. What does this stock need to do to hold gains? I should have listened to my instincts and sold off most of my position this afternoon. While it would have been at a small loss, it might be a while before we see $20 again.
I dont know the answer to your question but will point out that the SA article was written by Zacks. Thus, it was not two different articles, but the same thing regurgitated in different forms
Here and elsewhere, there is a lot of hype about the conference (6/10?). Yet, the Apple PR release seemed to indicate it was more about software, apps, and operating systems and less of a platform for new product(s) announcement. Is there precedent for AAPL announcing new product(s) at such a conference? im concerned that this conference is getting over-hyped and that we will will see drop in AAPL/CRUS if no new products are announced on that date. This is a serious inquiry, so serious answers only please. I welcome any well-reasoned feedback
Not a bear. Not trying to start a rumor. I'm long on this one. Just passing on what I saw on Market Currents and asking if anyone else heard anything. Jeez, people are so quick to attack on these boards. Check for yourself. Perhaps someone else is trying to start a rumor.
Seeing some chatter on Yahoo Market Currents about a secondary offering. Anyone hear anything? or is just chatter? I hope this is not true. Dilution right now, while it would bring much needed cash infusion, would obviously not be good for the short term share price.
Based on what? I would have though it was more likely to pull back a bit as day traders take profits.
0.33 was GAAP. On an adjusted non-GAAP basis, the loss was only 0.15. It is that formula that forms the basis of anaylsis estimates. Thus, MCP's EPS was approximately two times better than analysts estimates. You should be careful about tossing words like "jack#$%$" around because they often come back to bite you in the #$%$
I own about equal amounts of CRUS and AAPL. At current prices, I believe in both companies short and long term, especially with earnings around the corner. I want to buy some more shares based on today's (IMO overdone) action but am torn between the two. I am weighing buying AH tonight versus the risk they might go down some more tomorrow.
CRUS went down more so will likely rise more. AAPL, on the other hand, will likely see less volatility and further downside risk. I am looking for a quick trade (until after earnings pop) and not really looking to add to my core positions. Perhaps I should wait until later in the week as AAPL might likely see more negative press/hit pieces with options expiration this Friday. Any intelligent opinions or feedback appreciated.
Wishful thinking answer: Because a sale is coming which will take the company private so why waste the money on listing fees and appeals.
What are you both smoking? The $3.75 offer, even if it did have some semblance of authenticity, is no longer on the table due to the new revised and much lower conditional offer.
Not official offer. Conditional on due diligence. Like the last one, has no firmness or actual commitment attached. They can back out for a variety of reasons.