This does not make sense for a new IPO with no history of revenue to be trading this crazy. All the other internet stocks are down, what does TWTR have to offer that none else has? Please tell me where there is gold in this. I have seen this craziness before, and it won't be the last.
Yap, you are right! That is the crazy world we are in. All will soon crash again. Remember tail end of 2007, it was this crazy and then all the demons came out pounding!
When wise people speak, listen for the difference between wisdom and knowledge is common sense. If you took my advice yesterday, you will be richer today. Mostley Fool usually does thorough research.
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There are a lot of obstacles in front of the company, and the stock trades at 88% below the historic high that was reached back in 2011. Let's take a look to see if the company sells for cheap.
Walter Energy posted a $100.7 million loss in the third quarter. The company has been struggling to be profitable since met coal prices started to plunge. Despite its desperate attempts to cut costs to achieve profitability, this target is still far away.
The report showed that a 16% improvement in met coal sales volume was offset by a 12% decline in the average net selling price. As a result, quarterly revenue rose only 3.2%. This improvement is not enough to make a significant difference.
The massive $2.7 billion debt continues to weigh on Walter Energy's performance. This quarter it led to a $63.5 million interest expense. Going forward, the quarterly interest expense would be $54 million. This is a hefty burden for a coal miner that struggles to make ends meet.
Oversupply remains a problem
Met coal market continues to be oversupplied. Walter Energy states that it expects global steel demand to rise 3.1% this year and 3.3% next year, but I think this will not be enough to improve the price situation for met coal. More supply is coming in than will be used. BHP Billiton (NYSE: BHP ) has grown its met coal production by 14% in just one year, and has more projects on the way.
BHP Billiton plans to start production at its Caval Ridge mine in 2014. The mine will initially produce 5.5 million tons of met coal per year. It looks like the company is not afraid to put more coal into the market, and it is not alone.
Can anyone explain their rationale? Do they have PR /Investor relation dept? Are they just playing stupid game?
Is the company really, really bad that it can't survive?
If you follow those terrible predictions by the doom analysts and short this stock at this level, then you are dead meat when the squeeze begins. It won't be long, and JCP will be in the 20s. Good luck. I LOVE JCP!
But what is going on with this stock? Is the CEO dead? Why will any company fold their hands and get pounded like this? Where are the institutions who own JCP? Is JCP worth even $2? If the management is binder full of zombies, while should anyone invest in this company?
This is terrible. There is wall street conspiracy against JCP. It reminds me of 2008 when they went all out in attempt to MS. But it's CEO was smarter than the Zombie at JCP. He cried out loud on live TV and the Sharks backed off. Where is JCP CEO??
How can JCP with 100s of stores be worth $8 when Amazon which has never reported any profit is trading above $300.?? What products have FB to be worth over $100 billion in market capital? You only need to look around and see how wall street is destroying the fabrics of this country and guess what, the fed is feeding the demons on the street! Good luck to you.
But how do you know they have not sold up to 90 million already? You may be digging yourself a death trap to tack the big guys. GS is behind this hence take caution
What is happening tomorrow? I thought they already sold their secondary on Friday. Pls. provide data
Elena Becatoros, Associated Press 22 hours ago
ATHENS, Greece (AP) -- An Athens prosecutor ordered an investigation Thursday into a blog post on a military reservists' website demanding the resignation of the government and president and the appointment of an interim government under the guarantee of the armed forces.
The investigation into the post, which appeared overnight on the Special Forces Reserve Union site, is to be carried out by the electronic crimes squad, misdemeanor court authorities said.
The posting, which claimed it was speaking on behalf of the special forces reservists and the Greek people, demanded "the immediate resignation of the government due to its inability to provide to the nation the constitutional rights to labor ... health, education, justice, security."
A later posting on the same site criticized coverage by local broadcast media and blogs of the issue, accusing them of "trying to characterize us as coup instigators."
"We don't know of any coups being pre-announced internationally, and legally such a characterization lacks any seriousness," it said.
The group has called for an anti-austerity protest rally in the capital's central Syntagma Square on Saturday afternoon.
Government spokesman Simos Kedikoglou said it was unclear exactly who was behind the posting.
"It's certainly something that should trouble us," he said during a television news program. "But what I want to make clear is that in no case do such texts represent the vast majority of the men of the armed forces or the security forces, who are making great efforts under difficult conditions to defend our society."
The first posting called for an emergency government to be set up under the head of the country's Supreme Court and staffed by non-politicians, as well as for Greece to withdraw from all its commitments under its international bailout.
Greece has been dependent on rescue loans from the International Monetary Fund and other European countr
It seems the whole fraud was staged to pop up the price, so that the next day Goldman Sach can set the offering to a price of $10.000 But first, there was the scare by Goldman research analyst yesterday to push down the price. The price went as low as 9.0 pre-market today, and the crooks could have bought millions,
Then came the CEO comment, the price went up, the big guys sold, and the price came down again. Now only heaven knows what is next in the manipulation coffee desk.
Over the years, Goldman SachsGS -0.01% has often drawn criticism for having its fingers in multiple, conflicting pies.
This week, Goldman Sachs’s relationship with J.C. PenneyJCP +2.96% is giving some in the markets fresh reason to pause.
For starters, Goldman helped arrange a $2.25 billion term loan for J.C. Penney earlier this year.
It’s advising investment clients. On Tuesday, the credit research group at Goldman Sachs initiated coverage of struggling J.C. Penney’s debt with an “underperform” rating.
Central to their thesis was that the company would “look to build a bigger liquidity buffer.” Goldman’s analysts said they felt a debt raise was more likely than selling more stock. But they said the “key risk” would be a “significant” capital raise of up to $1 billion through the stock.
Stock traders don’t usually pay a lot of attention to credit research, but it seemed that many thought Goldman knew what it was talking about and sent the stock down 15% Wednesday
And then sure enough, Goldman stepped in on the underwriting side Thursday. J.C. Penney hired Goldman Sachs to manage a highly dilutive stock offering of 84 million shares. This deal could raise upwards of $1 billion, the same range highlighted in Tuesday’s note.
The result: Thursday night, some traders are asking “what did Goldman know and when did it know it?”
A Goldman spokesman said that the firm’s research group operates independently of its investment banking activities.
In the past Goldman has acknowledged that its trading and investment banking businesses do present potential conflicts of interest and it says it manages them according to the rules.
I agree with you as I would have expected this to tank to $8.00 Let's hope this triggers a flight upward!