That's exactly the type of garbage you spew. You can't come up with a logical explanation without copying-and-pasting someone else's so you try to downplay it with comedy. Just weak.
This board isn't for real information. Nobody wants to hear about or deal with any possibility that this could fail. In the real world, the stock has done squat since the announcement. Why is that if this is such a "sure thing" like most of the "cut-and-paste" guys in here want you to believe? If you want to just "price sapphire screen into the stock" right now, you're the only ones here in fantasyland doing so. The rest of the real world isn't so sure. Use your head and do your own research. Why is the stock flat since the announcement when everyone knows this will be a $40 stock? Why has Corning CEO James Flaws been to Cupertino twice since Thanksgiving? Why has Apple recently produced a prototype iPhone 6 that uses curved Gorilla Glass?
Use your head: You have no factory, you only hired a fraction of the 700 workers (none of which have even started training), you have no furnaces, you have no solar grids to power the factory, you haven't figure a way to drop per screen costs, and all of this according to the nitwits in here is going to miraculously fall into place inside 6 months so a million iPhone 6s will be ready for October. Aside from that, it's gonna be a bloodbath when the 2013 earnings come out. This is real information, not a bunch of guys coming here just to hold hands and sing Kumbaya. Find a contact in AZ and ask them if anyone - ANYONE - has touched the factory since Apple received final approval in November. This board is just a pipe dream led by Mung, et al, that is in for a rude awakening.
not if that Gorilla Glass is curved. Bottom line... if Apple is going curved for iPhone or iWatch like everyone thinks, it's all Corning. Sapphire will still get the little button thingy and maybe the camera cover but that's about it.
Will be shorting soon. Need a little bump. Thanks. By the way, which med schools turned you down? My "ratchet jaw" could've probably gotten you in so you wouldn't have to spend your days sticking our hands in people's mouths.
A) It's T J M my dyslexic friend. Those are my initials - I'm not a dentist. Read much?
B) No sure what a "pitut" is. Maybe you meant to say "patoot". "A" for effort I guess.
Look guys, I understand you're upset but when trying to insult me, please try to portray yourselves as having an IQ higher than room temperature. Thanks.
As my friend Lee Corso would say..... "Not so fast, my friend"
You should watch: "New iPhone 6 Concept Features The New Corning Curved Gorilla Glass [video]" - JAN 6, 2014
And read: "iPhone 6 Release Date, Specs, and Price: New Smartphone To Feature 3D, Curved Gorilla Glass" - JAN 6, 2014
Both articles and videos are less than 24hrs old. The sentiment is changing. Gorilla Glass 3 is bendable, thinner, lighter, cheaper, antimicrobial, anti-glare, and better resolution. Plus the gap is closing fast on durability differences which is the only thing left in sapphire's corner.
"Sources close to Apple state the company was thoroughly impressed at CES with the curved 3D glass and loved the antimicrobial properties, especially when considering the very germ-conscious Asian markets".
Mungee, site your source because it's a lie unless they meant Jan 2015. The factory is sitting literally untouched but you want people to believe it will go from start to completely finished, outfitted with sapphire furnaces, and filled with 700 GT employees by then end of the month? This isn't a 3rd grade magic trick. It's comical that you would believe such an impossibility.
anybody can lie in here without verification - that's a coward. Predict something in the near future like a real man so I can come back here and hammer you when you're wrong.
When I'm wrong, you can say whatever you want but for now, you've got nothing. You can hate all you want but I've never been wrong.
A) I haven't been here burying you guys since spring and
B) It's "you're" like "You are a clown". If you're going to insult me, try not to make yourself look like a high school drop out
I took a break from here after I made a bundle shorting the stock but I still stop back and read the occasional comic strips posted by the long-winded Mungee and others just begging for the stock to go up. 2 things are going to happen and boy are they going to make you guys lose your minds:
1) The company is going to report horrific earnings and without any earth shattering announcement to cover the garbage numbers this time, the stock will be back in the 7s.
2) Apple is going to announce they are planning to use curved Gorilla Glass 3 on the iPhone 6 and iWatch.
Not going to list all the reasons why but the big GT factory in AZ isn't even going to be ready to start producing glass until late Q3 or Q4 and by that time, I already be posting here with my new iPhone covered in Corning glass. Take a road trip and go see how much work is being done on the factory. You'll be the only one there. Plus, you're crazy if you think GT can just flip a switch and not only train 700 new employees but be able to produce sapphire on a massive scale - enough to outfit a new iPhone rollout - and do it inside the ridiculous pricing guidelines Apple has set forth to even be considered.
I don't have a position right now but I'll be shorting it again before earnings if you guys would only do your jobs and pump it up a bit for me. As much as you despise what I say, I've never been wrong about GT since I've been here.
The question had nothing to do with stock price, nor did my response. Just because a stock is up doesn't make it a "$10B company and it certainly doesn't justify execs taking huge bonuses when they just had to massively dilute to raise money. On paper, this company is garbage so ANY future profits, revenues, market share, etc is 100% "maybe".
Sentiment: Strong Sell
Maybe you should wait until you actually ARE a "$10B company" instead of paying it out when you could-possibly-maybe in the future be a "$10B company". Plus a company that just cried, "we need to raise money for this and we don't currently have the funds to do that" to explain away the massive dilution shouldn't insult the shareholders by throwing bags of money at the same guys doing the crying. Just tastes bad. Unless you're talking about sports, I've never been a believer in rewarding potential and to give out huge bonuses when the company is going to lose close to $100M this year and do 25% revs versus last year is a total slap in the face.
I also heard the days of the $.50 payout are over. WHX has continued to state that production is dropping and prices are increasing so payouts have to be going down. With 5 dividends left and the possibility of only making $1 on your $5 investment is ridiculous. You'd have to be crazy to hold this stock right now, let alone buy it.
Sentiment: Strong Sell
Long-term dividend investors lose: WHX is a trust that, at current production rates, will end at $0 after 5 more distributions in early 2015. Every distribution removes value that will never come back to the trust. Long-term holding is, literally, a zero sum game. This information come directly from the company's own 10-K "warning".
Long-term value seekers lose: The underlying value of WHX is more than a 50% discount to recent price. Value destruction is guaranteed. You get hit twice. First, the dividend gets pulled out of the stock automatically so you lose that amount on the stock. (i.e if the stock closed at $4 today and pays a 50 cents dividend, on the ex-div date, the stock AUTOMATICALLY opens at least 50 cents lower.) Secondly, the stock is going to zero AUTOMATICALLY by June 2015 so at some point, you are guaranteed to lose all of your current investment. Whatever your buy-in number is (basis), count on losing 100% of that.
Short-term dividend seekers lose: WHX has fallen by more than its distribution on 92% of past ex-dividend dates since inception, often by double or more of the actual distribution. Short-term dividend seeking loses money and there's no way to avoid it. You can't sell it fast enough on the ex-div date to make any money. If you buy the day before ex-div to get on record and the dividend is 50 cents, the stock will automatically open AT LEAST 50 cents lower when it resumes trading in the morning and 92% of the time it's much more than that.
Heck, even the guys who know all of this and would love to short it can't because everyone in the world knows (including every SEC filing from WHX) that it's going to zero and if your firm can borrow the shares, you'll get killed with the borrowing cost and fees to do so.
How many times have you ever heard of a stock that guarantees longs and shorts BOTH lose?
Sentiment: Strong Sell
The stock is getting manipulated by the short-term traders. With only 100-200K shares exchanging hands, you could easily make 2-3% every other day pushing the stock around. Nobody should be buying this with intentions of holding it. It would be like going to the store to buy a shirt and the price tag on the shirt says $30 but you offer the salesperson $45. This isn't like a "normal" stock where you can say it's trading X below its book value and it could go up. I know nothing goes down in a straight line but this is going to zero in a little over a year. That's a fact. This stock has zero value except for the dividends and there are only 5 left according to the company, with a value of $2.50-$3 MAX. It is factually impossible to get more than $3 out of your $4.88 purchase and it's even more stupid to try to just capture the dividend since the stock drops significantly more than the payout on each ex-div date (has done so in 11 of the last 12 quarters). 92% of the time you LOSE money on the ex-div date even though you just got a hefty dividend. So you're getting a 50 cent dividend while the stock loses $1 immediately upon opening. Would love 2 min with anyone buying this stock just to see their reasoning (or lack thereof).
Sentiment: Strong Sell