I hate this market what a scam when you lose in gold stocks.
Investment grade credit rating. If gold rallies 10% ABX could double. and return to $18. Or at least go to $13-15 which would be 50% gain. Seems good.
Alot of the debt does not come due until 2024.
Same people pumping JBL been pumping SWKS all year.
will these sales be made up elsewhere? Chip analyst on monday said wireless handsets is slow.
it is easy to find stories on the web about how phone sales are slow in china and India and other places. This stock is peeked out on takeover hype. It has nowhere to go but down now unless it gets taken over and it probably won't because its valuation is already above where BRCM was taken over at. I am new to this stock but something tells me that panic sale down to $98 was the first fire across the bow of this amazing 30 month run up.
SWKS will probalby settle in the $75-85 range longer term and $95 shot term. IMHO.
not sure one high 80's day in June going to sustain it. But it was way oversold. I kicking myself for selling my long yesterday. Oh Well.
3 1/2 years of QE will likely get coal prices back up by then.
And when you don't come back for a year you probably are NEVER coming back. They admited the flash sales were just generating one time sales. People would see an ad and buy something. But would never come back to the site. The core business revenue is small and doesn't make a profit.
It would help if the businesses wasn't in decline. They need to turn around sales for a company that doesn't make money to have any value. Q4 sales are now expected to be negative. But Yeah this stock probably won't hit analyst price targets of $10-$12 any time soon now.
Baba owns holdings in lots of companies. they probably thought it was a good buy and they were buying between 10-12 the story says. They also own like 25% in WB and that stock has been a turd too until recently. Looks like they already owned alot of shares of ZU before the big drop. They are doubling down it appears.