Well, they will have a hard time pinning to 95 with the UK news out tonight.... screw em.
Dude, dark pools were invented exactly for execution of large block trades that are invisible to the open markets. After-hours trading is not an appropriate venue for that type of trading.
If everything's so peachy at CREE, why did they replace their sales execs? Why are they sitting on a huge pile of cash instead of investing it in business expansion?
The strategy has been pretty clear for years... build a vertically integrated LED lighting company. Maybe it's the wrong one, maybe not. But it's becoming increasingly evident that management is failing to execute strongly in marketing and distribution. A merger with AYI would solve that.
The potential is surely there to release the full value of this firm. However, I think we need an activist investor to step up to set the wheels of change in motion, since, as you point out, management will be reticent to lose control over the destiny of this company.
Looks like you will have to chase it very hard now if you want to get back on-board.
It appears there's some delay in JV termination talks with Bosch that spooked the market, but it could be as simple as some key decision makers on summer vacation. In any case, CS put out a target of 106 so even in case of a failed deal, that should provide support.
I'm going to sticking it out, as no final sale price has been determined.
Aug 13, 2014 Credit Suisse Initiates Coverage Neutral 106.170
Jul 22, 2014 JP Morgan Maintains Overweight 109.000
ZF Friedrichshafen AG’s ambitions to become the world’s no. 2 automotive supplier are being held up by negotiations to exit a joint venture with Robert Bosch GmbH, the biggest car-parts maker, according to people familiar with the matter. ZF is trying to reach an agreement with Bosch on the sale of its stake in their 50-50 steering-systems joint venture before it can complete a deal to acquire TRW Automotive Holdings Corp. (TRW) of the U.S., said the people, who asked not to be identified because talks are private. Unraveling the partnership, which was formed in 1999 and has about $5.5 billion in annual revenue, is complex and many of the key parties are away for summer holidays, they said. The German company aims to reach a deal with TRW -- whose shares closed at $99.57 yesterday, giving it a value of about $11 billion -- in the first half of September, the people said. The companies have held talks on a sale at a price of about $105 to $110 per share, though the amount is still being negotiated, the people said. Last month, ZF and its advisers at Citigroup Inc. and other banks had been exploring a proposal that values TRW at between $110 to $112.50 a share, two people said in July.
Here's all the ones I see as of today
* Pembina Pipeline : NBF raises price target to C$51 from C$49; rating outperform
* Pembina Pipeline : CIBC raises price target to C$48 from C$47; sector outperformer
* Pembina Pipeline : RBC raises target price to C$51 from C$48; rating outperform
* Pembina Pipeline : TD Securities raises target price to C$52 from C$49; rating buy
* Pembina Pipeline : FirstEnergy raises price target to C$50; rating market perform
I agree CREE has to change their strategy, but if they simply divest LED fab/chip division to become a lighting manufacturer then they still face strong deep-pocketed challengers. Maybe the best way out of this mess is to merge with a company like AYI and later sell the LED fabs to Osram or Lumileds.
Maybe, but the options open interest in this underlying is quite low... seems to me the big boys would be much more active there if this was options-related.
What's your take on this note about slowing TLCV growth?
@@@@@Aspen Technology (NASDAQ:AZPN) shares tumbled in morning trading in the stock market today, a day after the business management software provider posted fiscal Q4 earnings that showed decelerating growth in a key metric the company calls total license contract value. Otherwise, the results for the quarter ended June 30 easily beat Wall Street views, and analysts were upbeat. "The only concern could be (the) slight deceleration in TLCV," Pacific Crest Securities analyst Brendan Barnicle wrote in a research report, but he added the TLCV "exceeded expectations."
I think those machine algos trading AZPN apparently don't like the gap-up from back on 4/29 and tried to fill it but only managed to push it down to a support level at 40.82. If it bounces off that and recovers to close above the gap-up lower bound at 41.18 we should be in the clear.
Still, I am surprised that the traders chose algo#1 (crash it) instead of algo#2 (pop it) in view of the results and guidance... I can only assume this trade program ran to cover short positions. Ahhhh #$%$ em I'm buying more.
I only recently started a long-term investment in DEO. I wanted more exposure to consumer sector and I see alcohol as a slow steady growth market. The only reason I would sell my holdings now is if competition became a serious threat, if laws that affect consumption changed, or a prolonged worldwide recession re-developed. I don't see any of these on the horizon.,
@@@@@As lagers continue to gain favor among beer drinkers in the U.S., Guinness Master Brewers in Dublin have collaborated with brewing experts in the U.S. to create a one-of-a-kind taste in American Lagers. Guinness® Blonde™ American Lager is a complex, flavorful lager with a floral, hoppy aroma that is a combination of Mosaic™, Willamette and Mount Hood hops. Combining these American ingredients with the world famous 125-year-old Guinness yeast intertwines two brewing traditions – Guinness and American.
The new government will maintain the nickel ore export ban... 2015 will be very interesting as demand outstrips supply.
@@@@@Indonesia Holding Firm on Ore Ban Amid More Investments By Yoga Rusmana, Eko Listiyorini and Phoebe Sedgman Aug 13, 2014 8:07 AM ET /Bloomberg A crushing conveyor transports ore at a gold and silver mine North Sumatra province, Indonesia’s ban on ore exports will remain in place under the next government as the curbs spur as much as $18 billion in investment in processing plants by 2017, said the Energy and Mineral Resources Ministry. “It’s important to maintain the policy,” Sukhyar said on Aug. 11 in Jakarta. “Investors have made it clear to the government that they don’t want any change in policy because it could damage all their investments and they would lose trust.” “When the ban was first brought in, people were a bit skeptical that it possibly wouldn’t last that long,” James Glenn, an economist at National Australia Bank Ltd., said from Melbourne today. “It’s definitely become clear that this is something that’s going to be in place for a while to come.” A jump to $25,000 is plausible, according to Stephen Briggs, a metal strategist at BNP Paribas in London, whose outlook was conditional on the maintenance of the ban. Nickel was listed by Societe Generale SA among its top picks for this half as the curb was seen moving the market to shortages.
Well maybe this time... great results this latest quarter... beat on earnings and revenues.... AGAIN.
@@@@@Aspen Tech beats by $0.10, beats on revs (AZPN) : Reports Q4 (Jun) earnings of $0.31 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of $0.21; revenues rose 21.8% year/year to $101.5 mln vs the $96.77 mln consensus.