this is going to swallow facebook soon.
So you are saying these multi-million $ paid execs at CG are second tier to the likes of BX and KKR? CG is one of the worst performing private equity firms.
Too early, everybody is talking about $100 soon so why do a secondary now when you can do it at $100?
TWTR almost worth as much as Yahoo, which owns Alibaba and has 10X the revenue. What do buyers at these levels really expect for a return on TWTR? Wait until insiders start unloading after waiting period ends.
It is big when the stock is cratering as it is and mgmt adds fuel to the fire by unloading over a million dollars worth. Also, just from a PR perspective, how bad does it look when all you see is insider selling when the stock is in free fall? If as you say, it is immaterial to them (the amount of shares), it does show serious lack of judgement by mgmt to make the decision to sell.
buying stock back??? Look at the inside transactions. The only thing insiders are doing are selling. Their heavy selling is probably contributing to this decline.
PE firm Apollo Capital owns like 50% of the common shares still and Im sure they want to exit at a profit, not loss. Even if NOR gets downgraded, havent they already extended their debt out several years and dont need additional financing, so why does it matter that their debt gets downgraded?
It is unfortunate their business is so levered to aluminum prices, but if they do have excess cash, buying back either stock or debt at these depressed levels would be very accretive assuming they dont have liquidity issues. Given no near term maturities, ever analyst report I've read says no near term liquidity issues. So what is the risk here?
If you look at sector companies, they've benefited drastically from the rise in nat gas as well as strong oil prices. Companies like BBG and most recently KWK have seen their stock trade close to highs for the year. Why has FST not benefited from rise in commodity prices and in light of a clearly strong economy with 3%+ economic growth?
Is this just tax loss selling or are fundamentals worsening? Hard to see things worsening when nat gas and oil prices are strong and the economy is picking up steam.
Such a nice business that should see business and stock increase along with the economic improvements. TA could have so much potential, but management destroys shareholder value at every opportunity. TA management's Christmas present to you shareholders is a 20% destruction of shareholder value. These are very very costly C-stores that mgmt pitches are profitable and a great buy. Other than the purchase price alone, has anybody really analyzed how much these C-stores really cost shareholders? Issuing and selling stock at a collapsed stock price is a real dilution event on horrible terms. It is like selling your house at a 20% discount to market in a fire sale. So the next time management praises themselves for what a steal they got with the convenient stores, someone should chime and and ask did mgmt factor in the opportunity cost of selling shares a fire sale prices to finance the deal.