First, who was on the buying end of the Chairman's block trade? Somebody was buying in significantly at 17.30 with a notion that that it will pay off.
Secondly, I hardly begrudge Riggio taking some off the table for discretionary reasons - especially at his age: you can't take it with you as they say......
but as he sold I might assume that he knows full well there is not some cliff the company's about to go off this Q; Selling a large amount of shares in the face of that would not be a wise thing to do as the ultimate insider of the company. Therefore chances are there is a cushion under the depleted share cost at this point.
The Liberty stake also, btw, had to be bought up. I wonder which bigs are holding those now?
B&N has absorbed some body punches the last few months, yet it shows some resiliency in trading and I believe there is some abiding value to this last remaining bastion of brick and mortar bookselling in America.
I bought some btw, needless to say.....
I looked. It's like finding a needle in a haystack, if the needle's even in the haystack. I guess you don't know either?
But since Sam seems to know something about the current company structure, I'll ask him, as I don't recall: I'd be interested in entering prior to it going "ex-dividend" or "ex-distribution" or whatever one would call it. I'm wondering whether one must own it in calendar year 2013 to qualify for what's sounding like a nice windfall for their labors this year. Thanks
Thx, haven't followed this for a few years. Do they still do the EOY special distribution? Back then it was like an 8-10% yielder. Yahoo says it is 3% annually, but their statistics might not take into account the subtleties or should I say complexities of this LP. I used to think that even management didn't understand all the ins and outs of this thing lol.....
A nice flush out. Generally ascended from the open after that first spike and pullback amid the churn. Better than I expected. Could be big gains but it will all be news-driven. Deal with the unions first, then the immanent refi. Also possible biz improvements as Welch said they got things under control in October - the sole bright spot in the report. A good trading vehicle if you have the stomach for it and don't get caught flat footed. Just thing of the huge money amde - and lost -off this thing in the last few weeks.
BK seems a year away if the last year's results are duplicated. I beleieve Welch is putting a handle on things. Other risks are IBT intransigence and resulting debt calls. Many reasons for that not to happen, and the re-fi's "ought" to get done. Tough times though, stock 30 to 7 today.
So therefore the union will not force a BK on the company and cut off a nose to spite a face.
Culminating in the Lasry sell-off on Friday. Congrats to the brave ones who bought into that. I garnered 12,000 shares Friday and took off table 8k of them today.
One thing though. You will need another major F-up by Hastings to cause that kind of wholesale destruction to the price again. Don't you think he's learned something by the last debacle?
Ok then, fight the tape if you want. About 2 weeks prior to the next earnings report may be a brief shorting window. Good luck!
NFLX will now ramp up weekly deliveries traffic density, and less costly as its condensed to 5 days instead of 6. This means MORE profit. That is why it's up, among other reasons. Do not fight the tape my friends.
Don't forget to have them delete this post too. You may want to make another post regarding the first two so they know what you're talking about.
There are still many profits to book from the 1st 4 months of the year. Over that term the market is actually still overbought. There has not even been anything approaching a large volume sell-off for the markets yet. This slight downtrend is like the canary in the coal mine. When the real wholesale dumping gets under way is when this thing can fly. Then parabolic towards a market capitulation. As it's ever been.