This company has hit every target and timeframe they have set. Operations have consistently exceeded expectations and beat the analysts. Solid divi and growing. For what it is, a South American mining operation, it has performed above and beyond. If silver prices go up, so will we. I am long term holder (and way more than 200 shares).
Stock is down 10% because existing equity holders sold their position to the open market, which was anticipated? They sold at $13.98 but now stock is trading well below that. We were $15 yesterday. The sale does not impact the company or divi, only creates more float. Am I missing something?
Don't confuse anger with rational thought. GAAP posses don't reflect economic reality? Sine when? And I love the 5 new stores comment. That is not economic reality. This turd is starting to circle. I hope you get out whole.
Obviously you are underwater because you are grasping at straws. SSS is OK because it was not much larger than the prior quarter? Really? Did not attempt to address the fact that they are looking at minimum 2 more years of GAP losses. Nor that they have no capacity to fund any meaningful expansion. And then some other clown chimes in that there is 50% upside and 5% downside based on nothing. Takeover premium? How about Zero. This is a classic shareholder dilution scenario. I have no dog in this hunt, no position currently.
Look at it like it's new to you. Negative NW which is forecast to get bigger every quarter for 2 more years. No capacity to borrow to fund expansion, none. SSS decline huge last quarter and is not the first time. Expectations not met at any level for 2 years. Competition fierce and well funded. I don't invest for the hope of a buy-out. I am not long, but at $4 not much room to short either. Just a bystander at this point. Ain't this fun?
Boom! Great point. The question is not if to short or go long but why would you invest hard earned money at all here? Lots of stocks to buy, why this one. The play here was to short, no reason to buy now. Good money after bad. Bite the bullet and go elsewhere.
Fundamentals like PE ratio, leverage etc. The fundamentals on this company have not changed much since I bought Puts in the mid 20's. no forcasted earnings for at least 2 years, high leverage etc. What has happened over the past year however is they are in retreat on their original "plan" that investors expected which was strong SSS growth, more store openings, and at least a short term plan to break even. Nobody can argue that expectations have not been met, just the opposite, operating performance has been plain bad.
Fundamentals win out in the end. You keep buying your inherent and intrinsic value in a brand that had over 6% less customer transactions, in one quarter, and I will keep shorting it. You are not really long on this company, you just trade it as you know there is no real upside. Quit BS'ing.
Garbage Man, give me a reason to buy, I don't see it as much as I would like to. The customer transactions decrease was a killer, hard to put a positive spin on that. What am I missing?
Hey Walt, sure glad I didn't sell. Sales missed targets, SSS down, # of customer transactions down huge. EPS is not mentioned in the entire press release, needed to go to the income statement to find it. What a joke of a press release.
Do I sell my Puts before or after the terrible earnings report coming out Thursday? Should be close to $4 tomorrow but I think I will wait. And please quit discussing how the strength of the US dollar is impacting a grocery stores earnings, it's embarrassing to the integrity of the other board posters.
Debt is ahead of equity in a BK. The fact that these debt holders converted to equity is positive as they view more upside as an equity holder than a debt holder (where they would likely get out whole) going forward. Not great but good.
You won't get a reply on this one, bank debt does not trade. Bonds may trade at a discount, banks debt is held at the bank or group of banks. too many people on this board post with no reasons why. Pumpers because they are losing their butts.