Look for more mergers in the energy sector due ultra low interest rates.
Very very few oil and gas stocks trade at significant discounts to net tangible assets, like Swift.
Did you hear the one about the 2 X 4 that whacked the head of LL stockholders ?
Too bad some people can't read a balance sheet to recognize VALUE stocks, from bamboo floor boards!
Net tangible assets are merely $5.8 Billion, sporting a market capitalization of $52 Billion, eh ?
Can you read a balance sheet ? I can!
supported by what ? mall bids and sketchy future rents ? Higher interest rates will punish some harder than others. No one deserves the pain that is coming more than a leveraged retail mall serial builder.
People can only replace so much linoleum flooring.
it isn't. Nice head fake bids this morning, pikers.
Wake up and smell the $50+ BILLION market cap built on hype and hope from the RETAIL sector.
neither is your book value of less than $12 per share.....corncobs!
TCS is yet another indicator of retail weakness, which means the market cap of this debt packed serial mauler....excuse the pun, is grossly overvalued.
Why didn't you cover already at $8.80 ? How about $9.80 or $10.80 ?
Do you often shorts oil and gas stocks trading at 1/2 book value ?
Do you understand that Louisiana becomes more valuable every day, and the price of natural gas is up approximately 33% since the For Sale sign went up ?
I am actually glad that Swift won't be forced to sell Lousisiana too fast, nor too cheap. Lack of news is good news.
$175 MILLION in cash from Indonesia fixed that.
Everything is fine at the mall. The blossoming middle class in America continues to visit malls and buy, buy, buy, and use of credit cards is no issue. Everything in the retail world is fine. Malls are built by DEBT at Simon, and that DEBT is compounded by your lame tenants and their even lamer clients. LOL
They never expected $175 Million in CASH from Indonesia.
They never expected USA to export eagle ford light sweet crude.
They will be shocked at the cash Swift generates from the Louisiana sale.
They will be shocked at the production of natural gas and oil from the eagle ford acreage.
They won't believe natural gas prices will be north of $6 MCF at some point this year.
They won't believe crude prices will stay over $100 for remainder of 2014.
The shorts could have covered under $10 this year, but most didn't.
Show the short maggots no mercy. If you own SFY, place automated sell orders in at $20+ per share.
Shares with sell orders in place cannot be used as house share ammo by the shorts.
Demand physical delivery of shares in non-retirement accounts. Shares in YOUR hands cannot be shorted, unlike house account digital shares at brokers.
Buy more shares of Swift Energy and let patience and book value $24 overcome the greedy shorts.
Now they PAY dearly to cover, but folks, this is only the beginning of what is coming.
Book value $24
natural gas and oil rising, and not just because of Iraq
It's their last stand, like Custer. I smell bacon.