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Cadence Design Systems Inc. Message Board

bellbell63 255 posts  |  Last Activity: Aug 12, 2015 7:00 AM Member since: Apr 25, 1999
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  • Reply to

    How does this work

    by matthewt316 Aug 11, 2015 9:36 PM
    bellbell63 bellbell63 Aug 12, 2015 7:00 AM Flag

    There was a 400/1 reverse split. Stock is now trading at about 3.10. Read the SEC filings about the re-org to understand what happened. This was known months ago. If you had 12.K you should now have 31 shares.

  • bellbell63 by bellbell63 Aug 11, 2015 5:57 PM Flag

    Off to Japan. WIll return on 8/31. Internet access will be spotty. GL

  • bellbell63 by bellbell63 Aug 11, 2015 1:28 PM Flag

    Just before re-org mkt cap was 393M x .015 = 6M.
    After re-org 50M x 3.2 = 160M. Does removal of debt justify a 26x increase in mkt cap? IMO no way.
    I expect this to slide downwards to maybe 1.00. Still cash issues and low metal prices. USD CAD 1.30 will help but IMO not enough. Future is bleak.

  • bellbell63 bellbell63 Aug 11, 2015 12:50 PM Flag

    1K? You are one of the lucky ones.

  • bellbell63 by bellbell63 Aug 10, 2015 4:28 PM Flag

    Really confused about the rights offering. PALDD (new stock) closed at 3.72 USD (4.87 CAD). Either is well below the rights exercise price 5.97 (USD or CAD?). These rights expire in 21 days. Why did BAM do this strange part of the deal? They just could have bought 50M worth of stock and get back 25M in bridge repayment. Did they grossly overestimate what the new stock would trade at? Or were the rights part of a carrot to the db and common holders to get them to agree to the deal? With the rights expiring in 21 days they won't even get to see another qtr report before they expire. Did they short the stock and used the rights as insurance? Strange.

  • Reply to

    PCP vs the new BEAV

    by jackmaster20 Jun 13, 2015 8:17 PM
    bellbell63 bellbell63 Aug 10, 2015 3:54 PM Flag

    "For a strong aero parts firm look to BEAV or SPR in 2015..... not PCP or KLXI. "

    Oh well.....

  • Reply to

    Deal is official

    by bellbell63 Aug 6, 2015 2:35 PM
    bellbell63 bellbell63 Aug 10, 2015 10:17 AM Flag

    You didn't lose all. Will appear eventually. Current quote is 3.80-3.89 PALDD

  • bellbell63 by bellbell63 Aug 10, 2015 9:50 AM Flag

    New shares trading on OTC pinks as PALDD.

    Quote is 4.30 - 4.39

  • Reply to

    Biding my time

    by martucci_jim Aug 6, 2015 10:57 AM
    bellbell63 bellbell63 Aug 8, 2015 11:56 AM Flag

    "In this environment would 5% price drop trigger serious consideration ?"

    No. A 5% increase in USD/EUR would drop metal prices by 5 without any change in the underlying (IMO LT bearish) demand scenario.

  • Reply to

    Biding my time

    by martucci_jim Aug 6, 2015 10:57 AM
    bellbell63 bellbell63 Aug 7, 2015 11:28 PM Flag

    What does matter? The fact that it was once 19 and now under 9 is not enough for me. Until reasons it is under 9 go away (low metal prices and unresolved labor issues) "I'm out". Cheap on the way down is not cheap. I have never found that buying stocks that have just hit 52 week low a fruitful approach. If I think a specific price is attractive I will buy at that price as it rises through that price not as it goes down through that price. I get the same price but have the momentum on my side. I would rather average up than down but that's just my style. But GL.

  • Reply to

    Buyout may happen shortly

    by sanjeevtrivedi14 Aug 5, 2015 12:46 PM
    bellbell63 bellbell63 Aug 7, 2015 2:05 PM Flag

    "the company doesn't have any debts"
    really? They have about 564M of debt.
    If you are going to make up "facts" don't do it on any so easily verified.

  • bellbell63 bellbell63 Aug 7, 2015 1:56 PM Flag

    Presentation also states that 2 years needed to go from lab to production scale. I did not see any cost estimates on the processing infrastructure needed and capacity vs cost. I think it is fair to say that production is at least 3 years away.

    Timing vs Gigafactory
    "Tesla broke ground on the Gigafactory in June 2014 outside Sparks, Nevada, and we expect to begin cell production in 2017. By 2020, the Gigafactory will reach full capacity"

  • Reply to

    Deal is official

    by bellbell63 Aug 6, 2015 2:35 PM
    bellbell63 bellbell63 Aug 7, 2015 12:38 PM Flag

    You will have 22 shares. According to the agreement new shares are rounded down if old shares not a multiple of 400.

  • Reply to

    Biding my time

    by martucci_jim Aug 6, 2015 10:57 AM
    bellbell63 bellbell63 Aug 7, 2015 12:25 PM Flag

    I agree I am not always correct. I was bearish on the run from 750-900 but my feelings are based on fundamentals and global trends (on the demand side) and I did not anticipate the two new SA TEF gobbling up 1.3Moz. That is a huge percentage of the annual mined output. Once they were fully loaded it ended the runup. Down now 33% from 900. I see no relief in sight. I have no technical call since chart under 600 is pretty uninformative - just a runup from 400.

  • Reply to

    Deal is official

    by bellbell63 Aug 6, 2015 2:35 PM
    bellbell63 bellbell63 Aug 7, 2015 11:59 AM Flag

    There is a reverse 400:1 split. When it is effective you will see the price "jump" to maybe $6.00 but you will have only 1/400 of the shares you now have.There is no buy out. IMO no going up from here - I don't think NAP can make money at these metal prices even with the BAM interest no longer a burden.

  • Reply to

    what is going on

    by dweaver000 Aug 6, 2015 3:45 PM
    bellbell63 bellbell63 Aug 6, 2015 7:03 PM Flag

    At Schwab if I put in a STOP LOSS that order is monitored internally by Schwab computers - if it hits the stop price Schwab computer submits the order as a market order. The MM has no idea I have a stop. This prevents MM from "looking" for stops - in my case there is nothing for him to see.

    By the way volume was only 1/4 of 1% of outstanding shares. With 122K shares it was quite a ride for me. I would expect a climb back over the next few days.

  • Reply to

    what is going on

    by dweaver000 Aug 6, 2015 3:45 PM
    bellbell63 bellbell63 Aug 6, 2015 4:26 PM Flag

    Same thing happened July 8

    High 2.35
    Low 2.13
    Close 2.24

    Volume 80,900

  • bellbell63 by bellbell63 Aug 6, 2015 2:35 PM Flag

    TORONTO, ONTARIO--(Marketwired - Aug. 6, 2015) - North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(OTC PINK:PALDF) announced today that it has completed the previously announced plan of arrangement pursuant to Section 192 the Canada Business Corporations Act (the "Arrangement"), which Arrangement is more particularly described in the management proxy circular dated June 30, 2015 (the "Circular").

    New PALDF will likely start trading tomorrow - likely open around 5.60 - 5.80.

  • Reply to

    Don't ever buy Canadian company's stock (Period)

    by hamidybehi Aug 6, 2015 12:36 AM
    bellbell63 bellbell63 Aug 6, 2015 1:53 PM Flag

    Note: This article was originally published on October 27, 2010, but with Jobs' newly announced leave of absence, we thought it was appropriate to revisit what he's helped Apple accomplish.

    Just 13 years ago, Apple was on the verge of bankruptcy. (=1997)

    But then – worried that it would be viewed as a monopoly without competition from Apple – Microsoft came to Apple's rescue with a $150 million investment.

    Had that not happened the world may never have seen iPods, iPads, iPhones or iMacs.

    But that was just the start of Apple's return to glory, the greatest corporate comeback story of all time, led by Steve Jobs.
    ============================================
    Apple CEO Steve Jobs has just walked on stage at the All Things D (in 2010)conference and within a few moments revealed what many thought but weren’t sure of…

    Exactly how bad a state was Apple ten years ago when Jobs took over?

    In Jobs’ own words:

    “We were 90 days from going bankrupt.”

    From that to surpassing Microsoft as the world’s largest technology company in phenomenal by any standard.

    In response to the landmark, Jobs says:

    “It’s sort of surreal. It’s a little surreal.”

    I’m sure. Especially considering Apple might only be around due to a $150M investment by MSFT in 1997… well what can you say.

  • Reply to

    Don't ever buy Canadian company's stock (Period)

    by hamidybehi Aug 6, 2015 12:36 AM
    bellbell63 bellbell63 Aug 6, 2015 12:10 PM Flag

    "Canadian Miners wiping out American's retirement accounts."
    Junior miners (Canadian or otherwise) don't belong in retirement account to begin with.

    " -80% on no news"
    But with 10-15% stop loss 80% doesn't matter.

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