This is same guy who said buy gpro last year and look at it now
present Q was guided below consensus, and analysts have cut 2016,17 estimates. Still hard to shed Iphone connection and the surrounding negativity
You dont unload at stock trading at these multiples with their existing business penetration.
My concern is long yield curve is dropping as we have had a short term rate increase. Bascically looking at a contracting interest rate spread. BV may be stable in this environment but earnings will get blasted. I would say right now that arr is supporting divi with cash out of bv which is easy to get away with while sicount to bv is so astronomical but eventually will see a cut.
read Goldmans analyst upgrade report and you will feel good about sawks at these levels. PT looks pretty sweet if they hit it over next 12 months
Why? if a share is worth 26.9, you are buying it for 18+ AND getting 3.96 per year savings. I would say there is nothing weird about that
My guess is Q will be ok given the monthly updates. Future Qs will be more difficult to predict in this low rate environment
Nobody knows but this would be a good place to step in. With BV last shown to be 26.9 trading at 30% disocunt to bv and wont find a better buy than that, plus retire a 21% dividend on those shares
They certainly have more than enough true cash to buy back 1/3 of the shares. Would like to seem them step in aggressive here at 30% discount to bv
Best solution is to liquidate assets at 26.9 and give us the money now. Otherwise paying us high dividends and a slow death