sharkfrdpharisgay - this poster using the exact same scare language as our...rebecca.
The last reported net tangible assets of Swift = $1,090,349,000
The market capitalization of Swift today was below $90M
Does this seem like a situation that will correct to the upside ?
Is natural gas price going lower with fewer and fewer operating rigs in USA and LNG exports being alligned for Texas coast ?
It would be interesting if simple Simon placed their precious malls out for bid ? Can we all spell...illiquid ?! Just wait until the FED charity rates are over. Those malls become even more illiquid. LOL
SD is trading at 35% of book value.
SFY is trading at 9% of book value.
Biglari Holdings owns HUNDREDS of Steak & Shake locations, Western Siz, and 19% of Cracker Barrel.
consumers are becoming Savers :)
death to anchor store itself
higher property taxes on the mall
Don't worry, the Simons are immune to all market forces, they have the best house in the worst neighborhood?
to kel...a former bagholder,
Suppose they cut the book value by 40% ? So then we have a stock changing hands at $2.35 with a recognized book value of $14.40. Baker Street called for new board members who are 'independent' so now that has happened. Baker Street said $15+ per share, and oil and gas have declined by about 30% since their October 16, 2014 valuation of "over $15". Ok...lets do some more math; $15 minus 30% = $10.50 per share. The short infestation period here appears to be ending. Even shorts can get too greedy. We even had bond buyers who shorted the common ?
That's just it, isn't it ? Simon is a Fed parasite using ultra low interest rates to build a market capitalization of $62 BILLION for illiquid malls. The correction is coming, friends.
The acquisition is one of the worst our team has detected in a long time.
If alcoholism, depression, aren't markets, then ALKS is wrong, but guess what dolts ?
Bowels are only worth so much.
Use automated sell orders with high fixed sell prices (like $9+) in your stock brokerage account. Shares with existing sell orders cannot be utilized as house inventory for the shorts. Request physical shares - paper stock certificates- be mailed to you. As the stock rises this year, sell covered calls with out of the money prices. Once again, this deprives the shorts of fuel to use against longs. Swift has great natural gas assets in the eagle ford. The Louisiana oil and gas acreage can be sold to make the June 2017 debt payment. Shorts are using fear to drive a stock trading at $2.25 with a reported book value of over $24 per share.