Blackstone wont let them go bankrupt. They will make more money buying millions of shares of Sune at 1.50 and then having the stock skyrocket.
Isn't that a good thing? They may drop deal and pay termination fee. And if they were really smart use the money to buy Sunes float. Sune is cheaper than VSLR. Then they are where they were in Spring 2015 when stock was over 20. Terp may still buy Sunes good Utility assets.
The stock would shoot up if they get out of the VSLR deal even if they pay a termination fee. The CEO owns a lot of shares so I doubt they will declare bankrupty
Tim Cook has been touting Apples services division as the iphone sales slow. I think they may want to foray into the streaming business as a venue for growth. Facebook and Google have been growing due to good acquisitions that seem high at first. But with 225 million paying subscribers expected by 2021 NFLX would be a good acquistion for them at a price point around here.
There was a tweezer top at 130 and 133. There was a bottom around 85 in between. We are close there so if we get a tweezer bottom which we are near I think we can get a nice rally which will run into Q1 earnings.
If 90.11 is the bottom then the shorts are in trouble. They need to buy back or could be steamrolled as stock sold off 20 points after earnings. In Oct the stock sold off after earnings but went to new highs.
Stock seems to be in a trading range of 85-130. It had to digest it gains from last years run up. Once the stock bottoms out in Q1 (whenever that is) it should rise ahead of Aprils earning since it expects 6 million new overseas subscribers.It went from 130-85 before it ran up to 133.