I am going to short the boatload on ATV tomorrow. The stock should be trading at most $5 on the buyback news today. Watch it slowly decline there in a week or two like the last pump job ATV pulled a month ago.
VRA had a great quarter and raised guidance somewhat for the next quarter. But a +48% pop today is complete stupidity. Expect analysts to downgrade stock tomorrow based on valuation. Might be wise to short afterhours if you want in and missed out today.
Noone will want to take this company over with such high debt to ebitda...and with shrinking revenues and earnings quarter and quarter. Their latest earnings debacle was just plain horrendous. The short squeeze that lasted the past 3 days peaked out today and fundamentals will come back into play knocking VNCE back down to the $4s where it is really worth.