My team was on the conference call. The company has adequately reserved for the recall loss. What we don't know is how many additional New sales ( Dodge RAM trucks and Jeep) will result from people being at dealerships, that might otherwise not been at a dealership. On a side note, Chrysler announced yesterday that they cannot meet demand for the Dodge Challenger SRT Hellcats. So look for more quarterly profits that exceed consensus expectations.
My team was right. Profits and revenue exceeded wildest estimates. Debt has been reduced. Recall has been fully booked for worst case scenario. Stock up 5%. You were wrong - romuluss.
Shorts will be driven out of the barn, and then drowned like rats in the Adriatic Sea!
So yesterdays sellers become todays buyers. LOL
There are 4 ways to own a Ferrari;
1) own FCAU stock and receive the spin off (80% of company)
2) buy Ferrari on the IPO or after market surge price (10%)
3) spend $243,000+ to buy one great car for once in your life
4) be Enzo's grandson (10%)
You clowns have no idea how far you are about to fall.
Eagle Ford.....Rockies....west panhandle Texas....forget it. Put them up for auction and reduce Debt. Stop wasting capital and time. The Permian will save Pioneer.
Educate yourselves on book value, net tangible assets, and protein shake moats!
Now class, today will examine something called the balance sheet. There are assets, liabilities, and if you are lucky, a few soy beans for public bagholders.
Aubrey borrowed, drilled, depleted, hedged at bottom, borrowed more, diluted, and lost money at every step of the process. His 'knowledge' ? I laugh, and Icahn cries.