They beat by $13 milllion excluding true equipment depreciation of $447 Million and it looks like people are buying into this? wow!
whoever and whatever hedge fund that pumped this up must be ringer the register here being down $6 + yesterday.
I'v noticed over the last year cash is shrinking but debt is not. Very very competitive market. You can buy a pizza today for the same price as 20 years ago but the costs have skyrocketed, cheese, energy, labor, fuel for delivery, healthcare, rent etc.
As soon as the hedges dump, this is going to fall hard. Just initiated a short $80 + and wll add from here.
From your comment, I could tell you have never run a successful business and don't have a clue. I've been investing a very long time and assure you that you will be taken to school on this one. $500 mill buy back???? Have you not seen this game before? They need to do this to adjust the P/E ratio. They have the equal. of $125 dollars in cash and $7500 debt and they are buying back $500 mm of stock over a little time? Oh I won't be surprised to see it up a little higher but I assure you it just can't hold. Look at the charts , they have an astonishing net tangible net worth of NEGATIVE $2.6 billion and the sheep continue to buy. Watch the price beginning of April decline. It'll be interesting ,let me know if you stay in. Good luck
I would suggest Uri is getting a little overbought here....... Some folks dont understand how to read a balance sheet and suggest cash flow is positive but that only a short term pro vs. the big pic. Uri Is getting deeper and deeper in the whole. I see this when I see the the full depreciation on the eqiupment after they sell it. We will see but now way am I buyer at $82 . I feel the way about netflicks lol
time to sell folks...................
After carful analysis, I would not be long here folks.
lots of reasons to short or sell at these levels. May go a little higher who knows.
now time to bail my friends.
pizza is cheaper today than is was 20 years ago and cost have gone up...so....?????