Mr Cramer made this comment yesterday without any explanation as to why. There has been speculation that Mr Cramer is negative on this stock because when he interviewed Maggie after the Vz deal was announced she said the dividend was safe and then it proved not to be safe. Ever since the dividend cut Mr Cramer has been negative on Frontier. Unfortunately, his timing could not have been worse. Since his sell, sell, sell call the stock has returned 50% considering price appreciation and dividends. Mr. Cramer's call has hurt many, many of his followers as they locked in their losses. He should have said buy,buy, buy. Now his ego won't let him admit he made a mistake. I still believe he is holding Maggie to a higher standard because she is female. Since I took the opposite position as Cramer and bought more at depressed levels FTR has been a notable winner for me this year.
ARR has been aggressively lowering its duration risk by selling 30 yr paper and replacing it with 15 year paper while maintaining their spread. In addition, they have hedged both the short term and long term interest rate risk. These positive actions are being rewarded by the stock price appreciation occurring in a negative phase of the overall stock market. Obviously, Zack's did not take the time to analyze the company.
Big deal will be when FTR breaks $5.00 and stays there for more than a day and a half. (Shall we say at least 1 quarter?) Then some of the mutuals may take a look that are restricted from onwing stocks less than $5.00 IMHO
PAL is the perfect stock for a gambler. It is either going to go BK or become at least a 10 bagger. Since I have my Las Vegas money invested in PAL I love the drama. Next act earnings with another production update followed by the March shareholder meeting and $40 million raise. Will we drop like a rock or soar like an eagle? It's really anybody's guess. BUT if this does work out we could be looking at at least a $3.00 stock in 3 years. The PD is there in the ground. Can PAL figure out how to profitably extract it? If yes you could be the next millionaire!! Go PAL !!!
I bet now2000p didn't know I doubled down during the panic of 2012 and FTR has been a terrific investment for me (and others) he might even suspect I feel Cramer is biased against women CEO's and since 2012 has been consistently wrong on his calls about FTR. Now there's some financial insight for you. Oh maybe I did post this before . Never mind. Keep smiling and Merry Christmas!
Last time we were at these panic levels including trading down to 37 cents I bought some but not enough as the price doubled on the rebound. It looks like the financing will close with the amended paperwork and filings. This "new life"IMHO will cause a 20% to 30% bounce. So rather than going to vegas I'm taking the cost of my flight, food money and gambling money and using it to buy today. The last time I made 6 months worth of house payments. I'm going for 1 year's worth today. Wish me luck. (and you too!)
It 's most likely because he does not like women CEO's. If you follow Cramer think back about how many women he has on. Do you remember any? FTR has produced a return of around 50% since Cramer began saying sell sell sell. So performance is not the reason.
Yes, I was fortunate and doubled down on FTR during the panic of 2012. I should have said FTR has been a terrific investment for me the last 2 years. Cramer has a blind spot for Maggie and has not shown her the courtesy of explaining why he continues to be negative on the stock . Meanwhile, if you bought the stock at $3.30 when Cramer was screaming sell sell sell your investment would have appreciated 42% plus dividends. Not bad in anyone's book. Cramer should have been screaming buy buy buy. I just think he can't man up and admit he was wrong. It's easier to say "I don't want you to own this stock"
Thanks 2000p! I just think Cramer got FTR wrong and he can't admit it. I'm sorry that you are upset because I have made money on FTR. Timing is everything. Good luck on your investing.
No. I actually expect an initial pop in price because it appears BK is off the table and now investors have to guess about amount of dilution. If you believe the price of palladium rallies into the $800 plus range as predicted by analysts and PAL delivers on 175,000 oz in the next 12 to 18 months PAL is a screaming buy tomorrow. If you don't sell.
Very good now2000p Cheech and Chong is perfect for those of us old enough to remember who they were. Have a great Christmas and the best in the New Year!!
Thanks. I have always had a soft spot for roulette. I bet on red and I especially like 22 on the red. Here's hoping a "winner" is just around the corner.
Pretty sure everyone knew about extreme risk so still interesting that investors gave $32 million to a death spiral stock. They are either a.) Crazy or B) dumb like fox.
Thanks. I bet you were either in the syndicate or advised the syndicate that bought the $32 million in debentures. This was certainly the kind of advice they relied upon when they made their investment.
Yes Maggie Mae got the rug pulled out from under her by the BOD regarding the dividend being safe. But Cramer didn't say sell then he waited for the dividend cut. He has no where to hide he has been on the wrong side of the trade ever since he said sell. Maggie is taking him to the wood shed every quarter and he doesn't like it. David Faber asked good questions yesterday and let Maggie explain the ATT deal. Poor Cramer can only say I don't want you to own it. Pretty weak.
I think this is somewhere between proposed and committed but a bias towards committed. I say this because of the pre-sale commitment of Crede CG III to take down $40 million. I know it says non-binding but you don't let your name be used casually in a press release for $40 million without being serious. All in all I agree the liquidity crisis is over and execution is key. Both BAM and Crede will expect reports almost daily on progress which is good news for shareholders. PAL has always been a lonf term investment since they re-started mining operations so unless you are ready to hold for 3 to 5 years IMHO you should sell tomorrow.