They set the price of REE and if they want to bankrupt MCP they will. MCP has a lot of things going for it. Their union contract ended, their mine is complete, production is increasing, production costs are dropping like a rock but if you get 1/20th for REE of the price 3 years ago what chance have you got.
RSH could have easily quit a couple years ago and leave current shareholders with a few dollars.
Stock is often over $10. If we could fired the management with no severance except a McMuffin combo at McDonalds, and fired everyone making over 200K a year, stock will rally.
200 million in cash is a good cushion for a company this size. I always wonder about since debt is tax free. The new private equity scam is to load up the company with debt as a sort of means to get a large pseudo-equity portion out tax-free. The interest is then transferred sent to some other company and the interest is considered a dividend or capital gains thus 50% in taxes is now as low a 0% taxes in a retirement account.
Still think dxm will turn it around. fcf positive every quarter.
If your lawsuit goes though, maybe we will find out who posted the article, who they FDA official was, and whether anyone was paid.
Also, we should hold people under water for 15 minutes and only the survival of the fittest. Flying is built in the raptors DNA, windmills are not.
I use to go into World Savings and there was a flyer listing World Savings as top rated bank 4 years running by one of these financial magazines. Golden West was mainly World Savings, and is claimed to be responsible for taking down Wachovia.
I bought this stock for a 10 year hold. I think I bought it a year ago at $3.00 a share. Now I will suffer a loss because some private equity pinko, goes into my account and takes my shares because he made an agreement with a substandard board and CEO. What about all those that paid $10.00 a share a few years ago for a long-term hold. They are not doing us favors, they want the stock because they know it is worth a lot more than $2.75 a share. So why not bribe the board and CEO. Where is the SEC. Out prosecuting Martha.
They have 100,000 years to evolve with populations under constant stress. It is so sick how you losers put profit before anything. Hopefully people put solar systems on their roofs and Terraform goes broke.
356 million interest / 2,400 million in debt = 14.8% in interest. 2 years ago they paid much cheaper interest expense. I think debt was short-term then. Company could save $100-$150 million a year in interest payments I would think.
Seems like this is the way to buy. Just hope when the p/e finally gets down to 5 seems they are going to try and downplay the stock, but the smart money just buys more including the company.
Seems when the big boys do not like the way earnings turn out, they go to "plan" B. Which is to bombard the media outlets with articles with negative spin.
Herbalife posts lower 4Q profit as sales slipAP
Herbalife Beats Expectations But Guidance Disappointsat Forbes
Herbalife posts double-digit declines in 4th-quarter revenue, profitat Los Angeles Times