For you to reveal that you have bought protection, speaks volumes about the retail mall balloon.
Yes, I get that RCII is probably not in any Simon space.
It will end badly for this stock, but who knows when? For today retail patsy card, we have RCII down 6%.
I'm sure some wise guy here will point out that people don't need to rent furniture anymore in America, just upgrade to Ethan Allen, or Lazy-Boy, or SEARS, on credit, of course.
Explain why? The oil and gas well leak in Louisiana ? How about the fiduciary lawsuit? Or because the price of natural gas happened to rise in this quarter ? Oh golly gee, Swift hedged nearly all production, so you get no added value from rising natural gas prices. How about the cash depletion on the balance sheet, that's always an ace ....in the hole ?!
Large stocks do the same thing. Apple goes from $705 to $385. Stocks move for a reason, like borrowing money to buy HESS assets. Hess got the cash, Sanchez got the debts.
He won't say anything of import. There are LAWS in the USA now about full disclosure to ALL shareholders at the same time. Presuming you actually DO talk to him, ask him why the Swifts too this thing public ?
Ask him if the Swifts wished they hadn't ?
"Cheap stock" ?? It has no E in the PE ratio, and is trading roughly $200 MILLION in market cap OVER net tangible assets. The only thing 'cheap' is that this was pumped by Cramer - LOL!
Just wait until the e-margin calls start flying at 1PM, sparky.
Go borrow money to drill a hole in the ground, and then throw more cash in it!
Learn to read the entire balance sheet, corncob. Cash is very very low. Your management has spent the cash already. Now natural gas is giving back price ground that was unnaturally gained over the last 9 months. Welcome to Mr. Supply - mega natural gas SUPPLY. And very little cash in the Not-so-Swift treasury.
Current liabilities exceed current assets. There is no free cash flow, in fact, cap ex has exceeded operating cash flow for years. And what happens if natural gas drifts back to the $3, then $2 MCF ?
Apple has a cash dividend and a low PE ratio. Nokia has none of that and is heading back so the dreaded $1s. The rise from $1.63 to over $4.90 in January was the very last chance to protect what little capital is left here. Nokia will be a historic asterisk on the rhino keister of history.
do not be stupid
Apple has cash, tons of it
I know stuff
Your sentiment is 'strong sell' ? For what? Robotics industry ??
Why don't you go get yourself a gold pan and hit a cold stream in the Klondike?
The worm is turning. ADEP is up 2% and IRBT is down 6% over the last week. Funny thing about micro caps, they have more upside potential than their larger cousins. IRBT better have a darn good report next week otherwise the shorts will have a fun time with the high PE ratio here.