Your are surely right - all malls will close in short order and people will sit in their dark bedrooms, curtains drawn, hunched over their monitors and order everything they need on-line. Sounds like fun - can't wait. By the way, TIF +9%; JOSB +11% (someone thinks there's value in retail).
Wouldn't get your hopes up - short week next week with Thanksgiving. US markets closed Thursday and many people actually (or at least mentally) checking out for the most of the week. Not a week to announce good news and hope for big media play. Newspapers most interested in Black Friday stories and Holiday sales projections. If you are announcing next week, good chance that you are trying to avoid attention.
This fantasy of shorts 'shaking loose shares' from timid shareholders lurking on a Yahoo board is truely doopey. First, and foremost, plenty of ONC shares trade every day. Sadly, there are more than enough to satisfy buyer demand or the share price wouldn't be slowly headed back to $2. Second, while there are surely exceptions, my guess is that most of the loud-mouths and lurkers around the board have modest holdings (just guessing, but suspect average holdings on the more elite v-2 board are higher by a facator of 10). If someone really drinks the naysayers' koolaide, capitulates and sells, they are going to dump 5,000 shares or maybe 10,000 shares on the market. Not that there is anything wrong with that level of investment, but it's not really quantities institutional investors are seeking to build a serious position. And hard to imagine hedge funds are putting interns on staff to spend time on the boards promoting the bear case - kind of a waste of time.
Face it, the shorts raise some reasonable quesions - you have to decide if they are credible enough to hold the stock, reduce you position or capitulate. Trial results seem to be close enough that we will know soon - of couse some of us have believed this was the case for many years, only to be disappointed. Bottom line - roulette wheel is slowing, croupier is calling for last bets - here's hoping that we hit our numbers.
SPG will continue to react to any hint that interest rates are rising - and there is no doubt that they will at some point in the next 6 to 12 months. If you a trader, this sets up a pretty volatile situation which offers good opportunities for profits, but is risky if you are on the wrong side of the trade. SPG has been confounding the shorts for 5 years. (My bet is that none of the nay-sayers who post here made a dime when SPG ran from 180 to 156 recently - they have been burned too many time times the past few years and way too frightened to actually put up a bet. Talk is cheap - but won't fatten your investment account). If you are an investor (as I am) with a long time horizon and confidence in the long-term prospects of high quality real estate, the day to day and month to month ups and downs really don't matter. Meanwhile, happy to continue to collect the dividend.
Sure-ONCY is just like Netflix except NFLX trades for $330/shr, has a mkt cap of $20B and trades 3.5M shares a day. Right, except for those minor differences there are some similarities. Icahn sold because his investment had grown to $1.5B in less than a year and he wanted to harvest some profits.
Boiler- nice to hear from you - started to think a tsunami had washed you off the island.
Coach shares traded for about $12 in 2009. After a tough quarter they are worth $48.55 today. Looks like a 4-bagger to me. Coach, like SPG, has had a great run the last few years with excellent long term prospects. Instead of suggesting more end of the world doom and gloom, you should figure out how to buy 1,000 shares (hey, if those SPG short bets have tapped you out, start with 100 shrs) - this is a great buying opportunity. Also like SPG, share price will be up 30% over the next 12 months.
Pretty harsh - let's agree Brad is navigating an incrediibly difficult path - we all know that 90% of drug trials fail. He has been out selling/fund raising/pitching for many years now. If people on the board are feeling the pressure (and it is clear that they are) as the H & N results are about to be revealed, imagine how Brad feels. Brad stands to make a boat load of money if REO works, but I imagine more important to him is validation of what he has been doing for the past 15 years.
On the research vs. rollout point, the two tasks require totally different skill sets. Almost certain that ONC partners or sells once approval appears wtihin reach.