You could be right. I still don't know why this co stays listed. It can only be ego because they have gained nothing on us exchanges and certainly could never raise money. And they have no concern for shareholders so why continue this charade. Go private and move on.
Fortunately they don't get share BBs. With such a small float they could easily overrun the shareholder by continually rtiring shares to point of hostile takeover.
that is true but when you look at all the producers everybody is fairly well hedged for this year. this is why the production levels have accelerated in the face of declining prices. the real question is who will be stding at this same time next year..
I think you are right about oil finding a new low. Obviously with prduction still up and storage getting to capacity, prices have to come down. This will force production cuts although no cuts like imminent while all this hedged production still in place.
i do believe prices will come around in 12 months with production decreasing but the hedges are dismal come 2016 also. On that basis this still has more room to go down before it hits bottom.
KBW just released its REIT report on 3/10 and rated ARR best in rising interest rate environment and put current BV at 4.44. PT at 3.70 and see maintaining their .04 dividend
And reported at year end to have 1.65 billion in cash.
Pretty easy to see how this is happening, small float and with BB getting smaller with a high short interest. This type of co can be easily manipulated just look at the volumes. truly disproportionate to avg and to float composition
must be something, Bidu up on avg volume and this is down on multi[ples of avg volume after being the only chinese co in this sector to hit their numbers.
Yeah seems like this should be performing better. Beat revs, beat earnings beat margins beat guidance AND another 200 mil buyback. Management is executing and far better than BIDU or BABA.
I went on hru this in 2013 with bidu. Went from 150 to 80 and analysts said they were getting competition and would go to 60. Well as the story went it's now over 200, unfortunately I sold at 150 making about 15%. Still believe analysts will come around and realize gaming and security are not the future of qihu
Funny I have owned aapl since presplit = 55 and there has always been those calling the tops and I'm still holding and it still goes up
I agree with you and by all metrics should have blown way higher in ah. This has been punished more than BIDU in sympathy of bad BIDU numbers. Market should give us our due since QIHU only one of Internet cos to beat numbers
Furthermore look at the metrics BIDU market cap 75 bil rev 2.2 bil, QIHU market cap not quit 6 bil rev 431 mil with much higher growth rate. By these metrics we should be trading at twice the share price we are now. We have only beat est every quarter and still down 60% over year? Really?
Stifel emailed my broker before earnings saying he felt ok but wanted to see how this quarter went with gaming down. Sloops like he will have to change his opinion