Supposedly HP has the cash to buy out some competition from bankruptcy and may be getting equipment at 20 cents on the dollar. Buy out from contracts have ended up with extended contracts in some cases with margins better than anticipated.
Dividend anticipated to be increased.
Can't beat the benefits over any negatives at these bottom prices.
Chart signifies buying opportunity.
Options play signifies long term movement upward.
So since they don't follow GAAP on inventory accounting and their inventories are bloated already, imagine the reality of deep discounted excess that has to be sold off. Their is a reason GAAP has inventory standards for accounting. Last time SNDK played this game, traders sold it to the teens!!!!
CEO rants and raves about small costs, This is a little player with his head in the ground operating out of a small office in NJ. They hire temporary employees to do major jobs.. Don't assume it's done right. If they were audited, I'd be worried. Not the brightest group of people. I still can't believe people buy or bought into this. It's like a bunch of misfits.