"the PE is way to high. the future pe is way to high"
Someone who doesn't know how to spell "too" is naturally bash worthy ... and the knee-jerk price action in a bad market with ETF sales and a complex merger is hardly a consequence of valuing the pe ... especially considering we're talking about an MLP.
But carry on.
"We can assume they are talking to others as well."
Yes maybe they'll call that clown Cramer and shout " A Big Riyadh Boo-Yah" Then Jimmy can tell them how he predicted it all.
People are worried about China, about energy debt and about real estate returns. It doesn't mean they have good reasons to be worried. People worry about banks for fear of their exposure to the same things even when the banks in question are not in anyway affected by those things. Add on to that KKR has had recent regulatory issues and the Blackstone CFO took off
These days the market is afraid of real problems and imaginary problems. Mr. Market is seldom rational.
It would be nice if management said something ... anything ... about buy-backs or the back-log or forward guidance. They should be about ready for the quarterly report, but some interim reassurances would be nice too. Hopefully no news is good news, but silence also fuels speculation.
"will get your money back in 7 or 8 years."
You do understand that not everyone bought the stock at its all time high and there's no money to be got back if you haven't sold at a loss. Yesterday alone over 7 million shares were bought at bargain prices.
I assume you're from the buy high, sell low school of investing.
Great buying opportunity. Just clearing out the weak hands and weaker minds.
"we are going down."
And then we are going up and then we are going down and then ... it's almost as if people were buying and selling like some kind of market. Who would have guessed?
Who is "they?"
GBX can't be forced to sell itself at a ridiculously low price just because the stock has been beaten up. If someone has been buying shares anticipating a buy-out, that news would drive the stock price up anyway and the volume of shares traded on the exchanges hasn't been all that great.
I would assume there are investors with longer term views who are tracking prices of companies like GBX, but it doesn't mean they're engineering the sell-off. Transports, energy, industrials have all been pounded so there are plenty of opportunities available without anyone bothering to launch a conspiracy.
Nice idea, but saying you "heard" a rumor isn't much to go on. People have been posting that rumor over a long period of time and if there were any substance to it, the stock price would be moving up. and someone would be buying a boat load of calls. It's not often that someone with deep pockets doesn't smell something like this before it's made public. Icahn could be looking as well since he tried once before. I hope something happens, but better to plan on the market waking up to the value and start running up the price based on fundamentals (and a rush to the exit by the shorts).
"70 to 30 on the price of oil. I don't think so"
Yesterday the volume was 400,000 shares. It's easy to shift the price around on such low volume and, let's face it, retail investors and some so-called analysts still think GBX does nothing but make tankers and that the railroads are changing their long term planning minute by minute as oil prices move ... and of course the remarkably tenacious shorts are playing that ignorance for all it's worth.
It is disheartening to see the stock being pummeled, but it's not like they were struggling to find business or everyone was rushing to buy a different more fashionable brand.
And you know just as soon as you bail there will be a reality check and you'll watch the stock driven up. There's only so much the shorts can squeeze out of this and even if some of the lowered earnings calls are reasonable, the stock is still WAY oversold.
Yes, it seems like there would be better opportunities for shorts than GBX. The downside potential has got to be pretty limited at this point. Pigs get fat but hogs get slaughtered.
He stopped responding to stock questions on Twitter because of the flak he was getting from "trolls." i.e. anyone who disagreed with him. He prefers call-ins on his show where only the mindless booyah crowd are allowed to ask questions.
He flip-flops so much and cherry picks whatever predictions he made, only citing the few that went his way, that he's no more than a self-promoting flimflam artist ... but then that must be part of the job description for many of the noisiest of CNBC "personalities."
It would be nice, but Buffett has spend a boatload of cash recently which sparked an S&P consideration of a Berkshire debt downgrade.
As far as mergers are concerned ... with whom? A GBX merger with any of its competitors would pull down its metrics and for anyone in the rail biz right now to want to sell debt or add to share count for an acquisition is not likely to be received well or cheap to do.
Icahn tried for four years to buy GBX to add to his ARII stake with a view to merge the two. Gave up in 2012 when his offer of $22 was rejected ... when the stock was around $15. Since the fundamentals of the company remain strong, I doubt they would be receptive to a low-ball bid now just because the stock price has been hit. Of course if any genuine news of someone showing interest was known, the price would get a nice bounce as all the shorts run for the exit ... but let's face it, unsubstantiated Yahoo message board rumors about buy-outs are pretty common when any stock seems to be oversold.