Garmin earnings demonstrate the value of this new market. Garmin gross margins on athletic gear 70% vs margins on auto only 15%.
Nokia needs to bring products to market yesterday and leverage Here assets.
Very different situations. If i had to buy a drugstore i like rad vs cvs or wal based on valuation. But thats a bet on tight mgmt execution in a very tough 1-2% margin business. Tons of debt, and very tied to economy.
Nok has undervalued assets and once devices gone they are cashflow positive with 100% upside to earnings from patents and telecom. Plus u will have net cash of 8-9billion. They can sell off Here for another 3billion ifbthey like.
Rad much higher % upside if all goes well. Nok much safer and higher value assets.
One is bet on mgmt execution and the other just waiting for transaction approval and cash plans.
Yellen the dove, China willing to bail out any garbage Ponzi scam that goes under, Japan QE, Euro rally....
worry bout tomorrow? no way...
maybe we can get back to $8 here in the midst of this silliness...
5% could be unit volume, could be revs, or profits
... more likely units after coupons.
Still this stock can run back to $7 on decent numbers there.
China ministry of finance has a 90 day window for their phase 2 investigation which began sometime around end of December. They can then approve, go to a phase 3 30 day review or give a condition to approve.
the problem is you're saying the science is real, the results will evolve into a FDA approved drug. if that was something that Management believed they'd be BUYING more shares at $5 but instead they are all... not some, but ALL board members selling as fast as they can.
Mark Ahn has never run a profitable company, but has consistently made money by selling equity to retail investors.
so the science is either legit and management for some reason doesn't believe that, or the science is questionable and mgmt. is cashing out on the hype before the results are in.
bottom line, if mgmt. was buying instead of selling none of this would be an issue. this thing is high risk, high beta, high reward if its legit. its either going back to $1 or to $20
Dodge and Cox sold 9% of their shares from the filings I read.
they doubled stakes in Forest Labs and United health
Citadel reported 13F showing 3.7million shares of Nokia added in Q4 as well...
should get a 20-25% bounce from there initially....
ah, short-swing is not same as short sale... if he sells options at 7.11 and buys back shares within 6 months and is a 10% owner, he has to forfeit the difference as part of a law regarding 'short-swing' profits.
so it looks like he symbolically purchased back some shares and had to forfeit the difference between the sales he made at 7.11 weird rule.
LOL... looks like he insider traded himself out of $43,487 by accident.
seriously this does not look good at all.