Yahoo is obligated to sell a portion of its Alibaba holdings, although they recently negotiated to sell less shares. However, if I understand correctly, Softbank, a larger holder of Alibaba shares, is not obligated to sell any Alibaba. Does anyone understand the reason for this? Did Yahoo's sale obligations originate from some Chinese government requirement, or was it just US company discrimination vs. Asian. Thanks
With half the Alibaba proceeds "promised to be returned to shareholders", will it be in the form of a buyback or special dividend? Hard to believe they'll be buying back stock at these prices. I'd prefer a special dividend. Do you notice how board of directors are never happy with buybacks for their incentive plans. They always want cheap or free options.
With the Rialto, Callifornia study complete, 88% lower complaints, 59% less lethal force, what is it that NYPD wants to study?...although I do see that they have a competitive camera being tested. A friend, retired Southern California police captain, tells me that many cops do not want to wear cameras all day. They don't want everything they do recorded, and worry that it will change their reactions during encounters. You would think for major municipalities that with the 88% lower complaints and associated litigation, that the return on investment of these cameras would be overwhelming in lieu of their annual out of court settlements.
It's all going to depend on our lithium continuous processing feasibiltiy study now being conducted in Germany. I think it is due at the end of this year or 1st quarter next year. Yes, you would think that TSLA would be aware of that.
Yes, as a Taser shareholder, I said the same thing about DGLY at $8, $10, $12, $15, $17, etc.
I certainly wish that I had purchased this pig.
It's the shorts that are buying to limit their losses.....this is the squeeze that you get sometimes with a 30% short float.. Based on just average volume, the longs are just holding and enjoying watching the tears run down their faces.
I've spent the Summer traveling the West, and have stopped in JCP stores in Denver, Flagstaff, Salt Lake City, and Phoenix.......lines at all cash registers. It's no longer "customers may come back".....THEY ARE BACK.
Well....I'm long, but based on the stock action on Monday, the market wasn't that impressed with commoditizing the cameras in exchange for getting the data storage/security (Rick Smith's IPOD/Itunes analogy.. Digital Ally with only cameras for the dashboard, and little to say about the software, went sky high relative to us. All hype DGLY went bonkers, and calm/conservative Taser stayed in place!!
Just for clarity. Does the above mean the insiders were granted the options at a price of $.69 ; therefore, they would not sell them unless they were above that price? Or, does it mean these were "free" options that they received and they sold them at $.69. Thanks for all the info.
JCP took share from Macy's, Sears, and Dillards. Denial is an awful thing when you are short.....Someone, one of the other retailers, or private equity. is putting pen to paper right now, thinking that if this is the early stage of a JCP recovery, it might be worth it to assume their debt and buy them out.
On Fast Money Halftime this morning, the retail guest was a woman, the VP of Mall of America. She said that shoppers will look at clothes on the internet, but 89% will go to the brick and mortar stores to touch/feel/buy the clothes. She is a legitimate source of information vs. all the so called "analysts" who have been talking their short book positions. The ex-CEO of Bloomingdales said the same thing on a CNBC panel about 2 months ago. But, the analysts and talking heads just repeat what they want to hear. Now, for those here who are ordering their clothes while sitting on the toilet, I suggest you cover quickly b4 JCP breaks out significantly.
It's ok to have a long position and not like these guys, I do. Need examples: dilution, lots of gift options (oh, I meant incentive options), more dilution, etc And they have the gall to webcast the Annual meeting so we can hear the #1 subject on their minds. Yes, you guessed it, EXECUTIVE COMPENSATION!!
Everyone should watch the above video and read the article JCP Yahoo Finance. There is a tendency for the media and analysts to overgeneralize to meet their needs (news, long/short positions). People are buying more electronics/computers on-line but that does not necessarily translate to how they shop for clothes. Yes, they'll go to Best Buy, window shop, and buy on-line. However, with clothes, they'll shop on line (webrooming as the article/video states), then go to the store to touch/feel/try on their clothes. It is also a family socialization experience with back to school. Clothes are not computers, something that Ron Johnson never understood. Remember last year when computer Pads and Tablets were going to replace computers....sell, sell, sell. Wrong!! You could have bought HP, Best Buy, and cleaned up.
I occasionally order a pair of shoes on-line, but like to get a good fit with clothes, don't enjoy returning things on-line, etc. and like getting out of the house for the social experience with real people, eating out. An executive from Bloomingdale's stated that only 5-10% of clothes are purchased on-line, for this reasons.. People still enjoy socialization with other people.
Somone on this board a few months ago stated that he could order his jeans while sitting on a toilet, all of their friends are on social media, and they no longer needs to leave the house, etc. Sorry, but it's not a typical experience, so don't over extrapolate yourself to the general population. Nevertheless, to the shorts who only listen to themselves...........enjoy the squeeze.
I think this guy, who was a guest, is right about JCP. I was amused by all the laughing by the CNBC Fast Traders, especially Joe Najarian who shorted JCP and was saying it was going to 0 about 6 months ago. Joe won't even comment on JCP because he is still wincing from the short squeeze he got himself into. Finally, I recall when Regis Philbin, nothing more than a talk show host, told the Fast Traders he was buying Micron at $9/sh, and they all laughed at him too. Micron is now at $32/sh
I have trouble accessing SEDI to see who is selling. From this board's messages, I understand that some of the warrant holders sold, perhaps along with other lenders. However, have the insiders been holding? Anyone who can access SEDI please reply. For disclosure, I'm long 120,000 shares, cost avg. $.30/sh. I did sell 60% of my shares on the last run-up in the $.80/sh range, but bought back at about $.40/sh. However, I dd not sell on this last rise to $.75...guess I should have. Thank you
I shopa great deal in JC Penney and Macy's mens departments. They are next to each other in my local mall. It's basically the same merchandise!! I've walked through the men's departments in both stores, and Macy's is no more "exciting" than Penney's. I will admit that Macys does have well dressed salesman walking around that ask me if I need help, but I'm capable of picking out my own clothes, and if they don't have the merchandise, shirts, slacks that I want, I often leave Macys without buying anything. Furthermore, they have similar sales as at JCP. Analysts act as though everything is for sale in JCP, and Macy's is all non-discounted retail prices. It's pure BS. Sorry, but Macy's put up a big "smokescreen" up in yesterday's earnings report saying the consumer was just tapped out. BS......JCP stole share from them.
You are right, they'll write the same old same old. They'll start the story saying the stock was languishing at $40 under Ullman, until it was almost "saved" by Ron Johnson/Bill Ackman. Ron had good ideas, but just didn't have enough time as he drove the stock to $10 and lost all the customers...but he really had good ideas!!. All these articles act as though if Ullman would not been replaced, he would have driven the stock to $10 as well. Plenty of stocks have temporary pullbacks, and stupid to extrapolate them to $0. This JCP disaster was done by 2 past idiots, a rich hedge fund manager who understands a balance sheet, but not a business, and a failed CEO who could not understand the difference between selling computers vs. clothes. This stock is going to $15 before the end of the year under none other than Myron Ullman. Oh yes, does anyone still believe that JCP did not steal share from Macys?.
While visiting our son in Denver, CO, we went to an indoor/outdoor mall in Westminster, and went into JC Penney. I spoke with 2 sales ladies in the Juniors section asking how the last few months had gone. The older lady said "everybody is back", memories of the old Penny mistakes due to Ron Johnson have faded. The younger saleswoman said the "Back To School" sales were unbelievable. Thursday morning is going to be a blowout, and one helluva short squeeze. For the shorts, keep reading articles written by the kids at Motley Fool and all those articles by hedge funds who are short. I think we'll open over $12/sh.