The Saudis are pumping at capacity now. They are going to have their own problems if oil stays down.
They are short and so is Citi ! That is the problem when they push their book but don't state if they are long or short.
This is being manipulated lower. The earnings report was fine and CEO SAID ON CNBC THAT HE WAS VERY HAPPY WITH THE WAY THINGS ARE GOING. This will find support soon and then slowly move back up over this qtr.
They will do find and their report was ok and forward guidance was conservative and they probably didn't expect a sell off like this.
The earnings report was fine and the guidance was just too conservative for some. This will do well in the future and is going to be much, much higher in a year.
Went into a store yesterday. Their produce and fruit section is terrible. The produce all looked old and the fruit was small like nectarines ,lemons ,limes. Then went into men's clothing and it is all junk. I wanted to get a belt for jeans but they had sizes of 38 and up. I was looking for a 33 but couldn't find anything less than a size 38. If they upgraded their quality they would have more sales. the prices weren't cheap and you could go into JCP and get much better quality and the same prices. They need some serious store changes.
The current pps is too low. I am buying and will add slowly if shorts push it lower. There is no reason based on what they reported to be at this level today.
The idiots at CS will screw people again with a reverse split. I bet they are working on it now. Just like a few years back they stopped issuing shares and TVIX went higher then it crashed after CS let their buddies know what they were doing.
PPS of 24.30 makes no sense to me. Unless they lowered guidance for some big PE or hedge fund to buy cheap shares.
At what price were the common share issued in the debt swap?
That comment was as dumb as a door nail !
Yeah but 1.5 million shares traded in after hours. People are scooping up whatever is available. The drop was ridiculous for the slightly lower guidance which is a guess anyway .