After the stock tanked CS comes to the rescue... or are they just creating a new short opportunity. Ah... the games the analysts play huh...
@@@@@Credit Suisse upgraded Align Technology, Inc. (NASDAQ: ALGN) from Neutral to Outperform with a $58 price target Analyst Glen Santangelo noted that "following significant outperformance in 2013, shares of ALGN have lagged the broader market YTD (down ~20 percent vs. S&P up ~3 percent). Our work on ALGN's evolving market opportunity and our proprietary survey makes us increasingly comfortable with the long-term outlook ALGN." According to Santangelo, "Valuation is the most often cited pushback when discussing ALGN, and admittedly has been the foundation of our historical Neutral stance on the shares. Although we have admittedly often made the mistake of focusing on the near term earnings outlook (and its inherent volatility), we believe that the still-nascent growth nature of the ALGN thesis warrants a longer lensed analysis." The report raised the "F14, F15 and F16 EPS estimates to $1.78, $2.15, and $2.49 from $1.77, $2.08 and $2.43, respectively. Our $58 TP implies shares can trade at roughly 24x our F15 EPS estimate plus credit for ~$6 cash per share."
You initially stated " Indonesia had stopped all exports of Nickle last year and are now starting up again."
Indonesia never stopped exports of nickel because they never HAD any nickel exports, only nickel ORE exports. Indonesia instituted the nickel ORE export ban to drive investment in smelters and develop into an exporter of value-added NPI and nickel INSTEAD of just nickel ore.
That nickel ORE ban remains in place. Exports of the ore have NOT started up again, unless you cite a source that states otherwise.
Philippines nickel ore exports to China have increased though because of the Indonesia ore export ban
@@@@@The nickel market looks well supplied despite ban by the biggest producer, a monthly report by Angel commodities said. “We expect Nickel prices to trade lower as supply concerns have started to ease with rising output from China and delayed ban from Philippines,” the report said. Nickel turned out to be the worst performer in Sep’14 with losses of more than 13 percent as concerns regarding supply tightening were eased after news that a ban of ore exports won’t be enacted any time soon by the Philippines, the largest supplier to China. The Philippines last month proposed a bill to require ore minerals to be processed before shipment. Congressman Erlpe John Amante said the prohibition may not be implemented for seven years, thereby putting an end to speculation of extreme supply deficit. Also, Philippines replaced Indonesia as the largest nickel ore supplier to the country this year, with shipments climbing 6.4 percent to a record 5.33 million tons in August as per Chinese customs data. China’s total nickel ore imports last month advanced for the first time since Indonesia’s ban, climbing 6.8 percent to 5.42 million tons. Moreover, China’s output of nickel pig iron, a cheaper alternative to traditionally refined metal, is estimated to be about 450,000 tons this year, more than previously forecast, as ore prices fall amid higher supplies. In addition, Chinese nickel exports jumped to more than 50,000 tons over June to August, almost double its exports in the first five months of the year, helping drive LME stocks up by about a quarter since mid-June to a record 359,166 tons. This has overshadowed expectations of a deficit as soon as next year that drove a spike in nickel prices after Indonesia enforced a ban on ore exports in January. Data from the International Nickel Study Group showed global nickel market was in a 5,200 tonne surplus in July, compared with a 1
Starting up again?? To my knowledge, the Indonesia nickel ore export ban is still in place. China has been exporting stocks because of nickel financing frauds, but nowhere did I read Indonesia has resumed exports.
@@@@@ Thursday, 2 Oct 2014 | 7:33 PM ET Reuters A commodity fraud at China's Qingdao port has hit bank financing of metal deals, sparking a surprise jump in nickel exports and pushing back expectations of a global supply shortage of the metal used mainly in stainless steel. The Chinese exports have helped global stockpiles hit record highs, confounding expectations of a deficit as soon as next year that drove a spike in nickel prices after Indonesia enforced a ban on ore exports in January. "The market got quite bullish. The reason they got bullish is still there. But now they are looking at all this metal coming out of financing deals," said analyst Lachlan Shaw of Commonwealth Bank of Australia in Melbourne. "It doesn't change the reasons for the deficit next year -essentially the ferronickel sector in China not being able to access the ore because of Indonesia's export ban," he said. China is the world's biggest consumer of nickel. Its stainless steel mills relied on Indonesian ore to make nickel pig iron (NPI), a cheaper substitute for refined nickel, and the result of the export ban was a 50 percent jump in nickel prices by May. But expectations of a global deficit by next year have been upended by the funding scandal at Qingdao port, after it emerged in June that companies had used fake receipts to obtain multiple loans secured against single cargoes of metal. Four months later the shock waves from the fraudulent commodity financing are still being felt in the markets.Western and Chinese banks responded by clamping down on lending in China and traders are still having a hard time getting letters of credit (L/Cs) to finance nickel stocks because of the perceived risk with poorly regulated warehouses. "We've shipped some nickel out of China.
Horrible attempt to try to steer the topic away from the bs you initially posted. I'm done with this discussion. You and eddie_ebola can keep yourselves company.
Your journalist pals are evidently all experts at 'reading between the lines'. Like I said before... yukkk. Sleazy reporting at its finest... reminds me a bit of the paparazzi.. no morals or integrity whatsoever.
I am not comparing their educational backgrounds. I am comparing their ability to develop and execute a successful strategy. Please enlighten me on what results you see by Marissa in the CEO role that are so great? Marissa is a big FAIL so far. I have no position long or short in YHOO. Just sitting back watching the show. PS:I posted with the wrong ID... I normally use blackoutbuzz.
This stock board reminds me a lot of STSI (aka CIGX) that was gonna kill RAI. The 'sure thing' gone horribly bad.
You stick with MNKD. I'll stick with NVO. Let's see who has the last laugh. PS: I posted with the autofocus id by mistake.
I would think the reason it's moved higher is because of heightened fears of a major market correction and the perception that this might somehow derail the deal.
If the point is that you prefer to divert the discussion away from any shred of substance then yeah I missed it. What a waste of time...
I can see no juster redemption than for the military-industrial complex to finally turn its arms on itself and free the world of misery.
Free energy will revolutionize society. Every citizen will be rich beyond their wildest dreams. Personal enlightenment will replace materialism. And you will have more eggs than you know what to do with.
We need to fix this energy mess once and for all. I propose all governments of the world contribute 0.1% of their tax revenues to LMT Skunk Works to collaborate with the DOE to expedite development of Fusion Energy technology.
S.TO is currently trading close to the 52week low even though nickel prices are up nicely in this period. It's guaranteed nickel prices will continue going up, but the more important question is whether S.TO stock price will too? I do not have confidence in this CEO to execute. Too bad he and the BOD weren't booted out when shareholders had a great opprtunity to do so earlier this year. Fortunately I have shares in NILSY... now THERE's a solid play on nickel.
@@@@@Sherritt International Corp. (S), a Canadian nickel miner with operations in Madagascar and Cuba, said it expects the price of the metal to rally as the market swings to deficit as soon as next year. “On longer-term supply and demand fundamentals, which ultimately have to govern here, we think we’re going to move from several years of surpluses to a period of a few years of probably supply deficits,” Sherritt Chief Executive Officer David Pathe said today in a phone interview. “And that will be positive for the nickel price.”
Damm... missed the ENF.TO fire sale price of 26.59 on Oct 15. I did buy some at the last flash crash back on June 24/13 when it dropped to 22.26. That time, the stock actually continued on a downward trend into the end of the year to re-test that level. I don't think a repeat in the works for this year though with the new acquisitions and the dividend hike... oh well.
I'm looking to buy some XIV if it gets back down into the mid-20's... was initially looking for mid-teens in a full-out correction but that does not appear to be in the works.