why sell it? because they were able to at a huge premium....They hit that one out of the park!
the new SWY after the cash from its Canadian sale is put to use: (1) interest expense falls from $260 m to $144 million (2) share count falls from 237 million to 154 million--(3)Total earnings falls 40% from $540 million to $324 million, but interest expense savings of $116 million puts earnings closer to $440 million...The bottom line? eps jumps approx 26% from $2.28 to $2.85----------$440m in earnings/154 million shares=$2.85 eps...this is a very good thing and does not even count the benefits of SWY's HAWK holdings or its owned real estate locations
they are using the cash to pay down debt and buy back shares. i can't think of a better use. This is surely shareholder friendly.
the shares had an upper range of $16.50, but that HAS now BEEN OBLITERATED.Today's selloff is simply profit taking on very, very low volume. This one looks higher, as it seems to be making higher highs and higher lows/ Yesterday's Analyst upgrade didn't hurt either.
SWY still owns about 80% of HAWK . HAWK's market cap is approx $1.37 billion, meaning SWY owns about $1.09 billion worth of its shares.That is a very good thing.
the negative press on the deal comes form two analyts who are bashing the stock, as they try and get their best clients in without chasing the shares to new heights.-it is called "bash and buy".
The stock is getting way oversold and is getting quite tasty again. The fact is, the shares have almost given up their entire gains, based on the news regarding its sale of its Canadian operations. Now is time to strike as the iron is still hot as the stock will ultimately close in the green today.
They usually declare a dividend in conjunction with an earnings release. I would expect earnings to be out no later than 6/17 and the numbers will likely be decent.
Then why don't you cut your losses and sell. You can put the proceeds in a better company.
Despitet he softness in the nasdaq in early trading,NFLX is holding its own. i believe it is getting help from its inclusion in the nasdaq 100 today as memebers are forced to purchase the shares.
Buy the dip and sell the rip. The stock is getting oversold, dropping more than 8% in just two weeks. Next week's earnings could provide a nice upward catalyst, especially since expectations are quite low.
On dec 31, 2012, FSYS's Account's payable balance was $42 million. Three months later, it stood at $51 million for a rise of 21%. That rise is a very good thing, as it implies the company's sales are rising at a brisk pace.