Earnings were fantastic especially when almost everyone was expecting them to miss earnings. I cannot anyone would short now
When the China plant can do what they just did in the Apollo Tyre debacle, what will prevent them from future disruptions? I do not have any faith in management to deal with the type of behavior the rogue plant they purchased has and will most likely continue to exhibit.
I think it is the first week or so of March. Last year it was Mar 8 or 9. It seems it take an extra month for the 4th qtr. I did not realize this until you asked.
How about the Oppenheimer upgrade?
Haven't they used this excuse in previous quarter(s)??? Is there no course of action they can take to mitigate the negative effect of this....especially in Venezuela which I recall being specifically named previously. Why waste the time selling here if it has this effect on the stock price?
I agree that these look positive, but they diluted the PPS to the $6.25 area in raising the cash to pay for this investment. This was then followed by another offering that has further diluted the PPS to the $5.85 area and remains to be invested. What concerns me is that they announced the 2nd offering with very little notice and how much of what they have/are raising is being used for something other than the purchase of mortgage revenue bonds......."general working capital needs"
I would like to see a bit more time in between the offerings. perhaps to the point of seeing success in the previous offering before announcing another one.
The rapidity of the most recent offering announcement has me wondering if they are doing this to grow the company or are they doing this help pay the dividend, their salaries and daily operating expenses?
They use the money to fund the purchase of additional units which should increase the revenue. Stock is diluted but the eps should increase. This annoucement did, however, catch me by surprise and it does not appear the market likes it. The price should come back but this new raising of cash was announced before the price had revered from the November announcement. I would like to see some news about this on the company's web site but see nothing there, which does causeme concern.
i want to buy when it is done adjusting. not so sure that is today or monday