If the Coop is getting out don't you think you should have too? You think he was selling because he thought it would go up? He doesn't just have the stock, it's the note. When that affects it non-cash charges it shows better true earnings than they have.
Hopefully they'll set aside some costs in the current quarter however for future legal costs since the net may reach far and wide. Wonder what page they are on the google search.
"Fox is suing Empire Distribution, Inc., which is identified as a California corporation that has not only come forward asserting rights to “Empire,” “Empire Distribution” and “Empire Recordings,” but has also in a demand letter claimed trademark dilution by tarnishment via a series that features “a label run by a homophobic drug dealer prone to murdering his friends.”
Exactly, could you imagine where the share price would be without his purchases of the shares propping the per share price up?
yes, you're missing that this cycles not according to fundamentals. They will report and excellent quarter, but it won't matter. As long as you don't buy all at once you should be o.k., but leave some powder dry to pull the trigger at lower levels.
I think his concern may be with what other banks are doing with note issues for tier 2 capital. I still can't figure out why my bank will loan me money at 3.125 on a 10 year mortgage that they will keep and service, yet issue notes that they pay 4.5 on for the same 10 year term. But that's just dummy old me, maybe someone can clue me in on what the back room deal entails.
agreed, i'll gladly catch this knife there and lower, itching already. The sad part is that their earnings will still be good and yet the stock will fall more.
more evidence? Summit Hotel Properties Inc. (INN) on Monday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations.