Everyone is entitled to their opinion, he just abuses the privilege.
I made a boat load of money when Seadrill bought out Allis Chalmers. Looking back I should have kept the Seadrill stock instead of cashing out. Perhaps I'll face a similar choice again?
Excellent job of cutting and pasting. Was this supposed to be a rebuttal to my comment?
My point was they lost $5.8 million which was more than Q2 last year on less sales.
You can't sell at a loss and make it up in volume.
And they lost $5.8 million in the process. That doesn't impress me and obviously many others as the price didn't move much. Nice spin by Andy though with the paper generated profit.
They actually lost $5.8 million this quarter as compared to $3.5 loss Q2 last year if you take out the change in fair value of the stock warrants. These have nothing to do with operating profit but made them look good.. A bigger loss on more volume is not an improvement in my book. Would you like to borrow it?
Has anyone taken two minutes to understand the numbers? They had an actual net loss of $5.8 million on $17 million in sales, without the gain from change in fair value of the stock warrants. The company barely broke even on gross margin before deducting SG&A costs. They lost less in Q-2 last year ($3.5 million on $7.5 million in sales). Pay no attention to that man behind the curtain.
Unless the analysts update their estimates (at the 11th hour again) and TC just meets expectations : (
You will probably get the same response I did:
Thank you for being a shareholder of Thompson Creek Metals Company. I will share your comments with senior management.
Everyone needs to express their displeasure directly to the company, don't just complain to each other. They need to know there are a lot of p'd off investors.
Wouldn't the thought or rumor of a buyout lead to an increase in share price? This stock truly baffles me.