supporting a market capitalization over $1 BILLION?
Fools rush in?!
I will laugh as this inevitably implodes in the coming fall crash.
People don't NEED to pay for this 'service' anyway. LOL
You haven't found gold here, corncob. The is a paper tiger. A derivative of a commodity pit 'bid.' Better to throw some krugerrands into a shoe box than own this....thing. You pikers know what a krugerrand is, right ?!
You should be ringing the BUY register for Swift Energy. SFY is trading at 1/2 net tangible assets and 1/2 book value. EOG is trading at huge multiples to both. Gee, which one is the better value based on todays prices ?
Swift Energy remains one of the most extreme values stocks in the oil patch. EOG is just the opposite. Which stock has more percent upside ? Here is a clue, it's a mathematical thingy called percentages. (smirk)
Your stock was pounded today because the marketplace is no longer supporting levitation and alchemy.
So now, LINE goes on a buying rampage.
SFY is trading at 1/2 book value, and even a huge discount to net tangible assets. I challenge you to find a better VALUE in the oil (and gas) patch.
Keep packing your balance sheet with goodwill and intangibles as your overpay for software acquisitions, and continue to dump people. That's Big Blue today. Anyone buying this stock is taking on huge risk.
Got Eagle Ford acres ?
This stinker is still trading at about 4 X net tangble assets.
When you realize the liquidation value of your inventory, you start realizing the risk of owning this thing.
to bid the stock to over $1.2 BILLION in market capitalization for an organization with such a horrific balance sheet - negative $14M net tangible assets, and negative equity
Angie laughs all the way to the bank, at YOUR expense!
I wonder if IBM will be capable of having a book value over $17 per share when they tabulate the quarter ?
Gee, still trading at 11 X book value. What a bargain...........................................................................NOT!