I wonder if that would push HFT out of the markets and restore some semblance of validity to trading and investing.
Barring another major setback on the CS program that pushes out first delivery into 2016 they won't face any serious difficulties in refinancing $750M due in 2016. You can always buy Jan 2016 expiry puts as protection against this type of event... the $4 strike price is trading at ~0.40. I think the stock will move up well above that amount if all goes well.
Yeah it does not really track much with the general market but it's definitely volatile. I only have a small position I bought at ~65.
SSTK's been executing very well so I have a fair level of confidence that their management understands the business model and its potential very well. At first I thought the business appeared somewhat simplistic and not all that hard to replicate, but now am starting to think hat first mover advantage and critical mass may actually make for a decent moat.
The stock appears to have good support in the mid-60's and I may add if it drops down there again.. Just curious...do you see any better alternatives with similar metrics?
Closure costs of Bloom Lake will much less than $700M
@@@@@UPDATE 4-Cliffs said to be mulling creditor protection in Canada Nov 19 (Reuters) - Miner Cliffs Natural Resources Inc may file for creditor protection in Canada to insulate itself from closure costs and liabilities at its Canadian operations, analysts said. Analysts said the Cleveland-based company is likely to follow in the footsteps of U.S. Steel Corp, which filed for creditor protection for its money-losing Canadian operations two months ago. Credit Suisse said in a note to clients that it met \with Cliffs' management team early on Wednesday and that the $650 million to $700 million in closure costs were a worst-case scenario. "Significantly 'less negative' scenarios remain very possible," it said. Last month, Goncalves told analysts on a conference call that there was "no risk of contamination to the parent company in the event that we need to do something specific about Canada. Everything would be within the parent company that holds the Bloom Lake assets." Analysts said a large chunk of the huge closure costs appeared to be tied to third-party rail contracts with QNS&L, a unit of Iron Ore Co of Canada, which in turn is majority controlled by global miner Rio Tinto Ltd. Chinese steelmaker Wuhan Iron & Steel Co Ltd, known as Wisco, also owns a minority stake in the Bloom Lake mine, which has 500 employees.
You do realize the current 10 day forecast calls for much higher than normal temperatures along the east coast right?
Two years and waiting for a project list
@@@@@Plans to spend billions of federal and provincial dollars on infrastructure in Ontario are being held up by a behind-the-scenes battle over the Ring of Fire, as the province wants Ottawa to match $1-billion in new money to develop the ambitious mining project. Nearly two years have passed since Ottawa announced a 10-year, $14-billion Building Canada Fund for infrastructure, but the Conservative government is expressing its strong frustration that Ontario has yet to submit a list of projects. Ottawa has said Ontario qualifies for $2.7-billion from the fund, but the province argues that using that money for the Ring of Fire would leave very little for other provincial needs such as transit and new roads. As a result, the two governments appear to be at loggerheads, though ministers and officials are attempting to break the impasse. The waiting, combined with falling chromite prices, has proved to be too much for Cleveland’s Cliffs Natural Resources – the region’s leading mining firm is now looking to sell its Ring of Fire assets.
What money... the money you saidf you don't have in your shorting account?
Time to update your calendar yet again Loony. Better yet, get another job... cause your predictive abilities totally suck rocks.
@@@@@China-based LED epitaxial wafer and chip maker San'an Optoelectronics, due to subsidies of CNY1.0 billion (US$163 million) offered and orders worth CNY3.0 billion arranged from the government of Xiamen City, southeastern China, will set up a factory to house 100 additional MOCVD sets in the city with a total investment of CNY10.0 billion, according to industry sources in Taiwan. San'an will procure 50 MOCVD sets from Germany-based Aixtron SE and another 50 sets from US-based Veeco Instruments, with the factory together with the installation of the 100 MOCVD sets to be completed in two years, the sources said.
Well SU sure doesn't seem to be too concerned. Tar sands oil is not going away, like it or not.
@@@@@Suncor Energy Inc. says it will spend between $7.2-billion and $7.8-billion next year, defying a steep drop in crude prices that has forced competitors to consider pulling back from big capital plans. Suncor, Canada’s largest oil and gas company, unveiled a 2015 budget late Tuesday that will see the company spend up to $4.3-billion on growth projects. About 45 per cent of the overall outlay, or up to $3.5-billion, is earmarked for sustaining capital, or spending on existing projects.“We will continue to invest in both our base business and in our key growth projects going forward and would expect to generate free cash flow even with Brent oil prices in the $80 to $85 per barrel range.”
No surprise given it's the same congress that voted this down several times in the last few years. What I don't get is why they bothered with this now when the GOP will have the majority in a few weeks when the newly elected congress sits? Seems like a total waste of time and effort.
This is like a half-dozen times now that a vote happened on KeystoneXL and failed, so I see no reason to expect a different outcome this time since it's still the same congress. I don't know why they didn't just wait until January session when the newly elected congress with GOP majorities in both the house and senate starts up.