Chairman sold hundreds thousands of shares much lower. This stock will settle around 85-92 I think.
I'm all in down here.. But it never goes up. and it will be terrible earnings for next 6 months. I guess we hold and short others that find a way to bounce???
Comedy hour in the market.
P may not be over $25 for long.
CVRR over $25 is still nose bleed prices with brent spread only 3. He originally sold the first traunch of CVRR at $25 when the spread was $16. CVRR will fall to $22 this winter if the spread doesn't bounce I think. And he will come in soon with another offering of CVRR. Icahn is still doing great at these prices. And he will keep selling more shares. Because why wouldn't he.
that is $33 share just in cash. Sogou alone is probably worth $40/share. Sohu web sites and Cyou stake another $40. So really fair value is well north of $100.
Yes, and Sogou will probably be worth $3 or $4 billion by itself as their help will almost definitely make it the #2 search engine in china. That could be worth $10 billion maybe. someday.
subtract out the cash and valuation for Sogou and Sohu is trading for near Zero. You are getting Sohu properties and CYOU stake for about zero. And now Sogou will become a top second to bidu with Tencent backing maybe.
if 36% of Sogou is valued at $460 million then the whole thing is valued at $1.2 billion. Or about $32/share for Sohu.
He owns CVI. CVI owns CVRR. CVI has been selling CVRR in two secondaries so far. And then spun the cash back from CVI to Icahn. So Icahns percentage ownership in the business is in decline. He is cashing out. He initially IPOd CVRR at $25/share when brent spread was near $20. Becareful buying CVI or CVRR as long as CVRR is trading above $25 with brent spread now just $4/barrel. I believe in the weak winter months we will likely see CVRR around $22-23 or even lower
Who doesn't have internet though? And people who don't have internet are probably less sophisticated viewers anyway and won't be bothering around with finding NFLX on their TIVO???
LOL. Wonder where the real market is. And will there be any buyers tomorrow with all the stock that is circulating for sale???
miles per gallon way up. Demand down. Crack spreads down. Brent WTI spread collapsed. Icahn is a seller and has been for 6 months. now. He is slowly liquidating his position through selling CVRR and distributing the cash out of CVI. CVRR will likely go to $22.50 if the brent spread does not widen back out. I wouldn't buy until it is under $25. The next few dividends will be much smaller than the previous 2.
what if they raise the price of the service $5 month. That would bring in another $1 billion straight to the bottom oline and the PE would only be about 25.
Does anyone understand todays announcement? How does NFLX make any money on this? Is it only if people choose to watch something pay per view from the NFLX service?