There you have it. The volume is coming in at $16. Your last chance to get out.
The writer makes out like it's an easy thing to reverse years and years of legal precedent. It's not easy. It is very rare that precedents are reversed by an appeals court. It is highly doubtful the court will take on this case for the purpose of reversing "rules of thumb" that have been established in a long history of law. I think the odds of them even accepting an appeal are very low.
Another problem with the SA story that might lead one to believe the author is only trying to manipulate the stock is the blatant lies in it. He states "This is why VirnetX has sued Apple and Microsoft repeatedly instead of suing new companies..." Well, they have sued many new companies and won settlements. Look at all the royalty settlements they have won with Mitel, Siemans, NEC and so on. There is very little truth to the story, and note that he heavily edited the statements made at the hearing, leaving out important parts and taking statements out of context. It was a hit piece.
Whoever wrote the SA article isn't very bright. If VirnetX was going for the whole market value they would be asking for 100%. The author of the SA article makes it look like the judge does not recognize that, when he obviously does. The 0.98% already addresses only that portion that is security in the product. The SA article is definitely a "hit piece." We don't even know if the appeal will be accepted.
Here's an article about the future of Mexico's economy with the energy reforms they are making: http://www.forbes.com/sites/nathanielparishflannery/2013/12/16/what-does-mexicos-oil-industry-reform-mean-for-investors/
If you are looking to sell in six months or a year during this negative sentiment, it's not a great idea to own this now. But, if you are saving for long term, I still think Mexico can grow quite fast and BSMX will be very profitable. I was as disappointed in the report as anyone, but I'm not going to sell low when my intention was to hold this for a decade or more. Mexico has great growth potential and is underserved in banking. This bank should be able to take advantage of the opportunities there.
A lot of these posters are likely Apple lawyers who shorted the stock. They seem intent on sealing Apple's reputation as a company that abuses and steals from creative people to make their fortunes using legal chicanery. When Apple isn't suing engineers they are running sweat shops in the Far East to build their shabby, overpriced products. Apple already lost their lawsuit. They need to pay up and quit trying to resurrect their case over and over. Hand over the money, Apple. It's ours.
After they paid that huge dividend some investors left, it looks like. They will be back for the next dividend. It looks like a good entry point here to me.
It does not matter that much to me. If you look at the lower estimates predicated on everything going wrong the current price will continue to be a fair price and you continue to get the 4.2% dividend. If you look at the happy estimates predicated on everything going just right, you stand to make the 4.2% PLUS price gains on the order of 50%. The growth of their other segments should be enough to make this a decent investment. LTE is like icing on the cake, and really rich and delicious icing at that. I'm sticking with it. This company is well managed if you ask me. Look at their capital position. They will continue to invest in R&D and will get the wins in due time. LTE will be sweet, but it's not like there is nothing else on the horizon.
Despite some trouble Santander had with Spanish real estate, the Santander family of banks are always very well-run conservative banks that should carry a PE in the 10-12 range. This Mexican Santander bank has great management and should do well in a growing market in Mexico. I sold my SAN shares and bought BSMX because I felt of all the Santander banks--in Chile, Brazil and so on--this was the one with the most potential. I think it is currently at least 20% underpriced. It should be selling in the $15-18 range now. With any growth you could easily net out a 40-50% gain over the next year or so in growth and dividends. It was a great move for them to expand in the underserved mortgage business. They also do car loans. Mexico is a place with great growth potential that needs lending to expand even more, and Santander has a good footing there. They are very well positioned to succeed.
When are they going to fix this. I've told Yahoo about it. I even explained how they made their mistake--using RMB (Chinese currency) instead of dollars. All the Forward PE figures and everything need to be calculated in the US dollar because this is a US ADR. When will Yahoo! ever get their act together?
I don't see how they can make money if the main reason their costs went up was increasing sales, and those costs are going up faster than gross profits. Does that mean the more product they sell the more profits are squeezed?
So, yeah, I'd like to see what they plan to do about that next year.