Cash burn of $10M annually with no hope of any profits whatsoever. It's just a temporarily lifeline back to $1
If you guys arent smart enough to notice, Cramer only says to buy things when the charts are near 52wk highs and says to sell when charts are at 52 wk lows. You dont need to be a genius to figure that out
Over the next week this fxcm turd will fade to its real intrinsic value which is $0 (equity) + $1 (time value and uncertainty) = $1.
The stock should trade like a fxcm stock option where the price of the common is the time value of the option itself. The LUK deal wiped out basically all the equity of the common and people who are buying it up in hopes of it being taken over by another institution are clueless.
Sentiment: Strong Sell
Its probably hedgies shorting swn stock so they can cover on the secondary. Once secondary is completed, expect a huge pop.
SWN 2015 revenue comes from 92% natural gas so management expects ng prices to rebound. It should be fairly immune to drop in crude oil prices
Sentiment: Strong Buy