Looks like you have never dealt with chapter 11. During the bankruptcy protection, the trustee appointed by judge gets the control of the company AND DIP (debt-in-possession) financing kicks in to "restructure" the capital structure. During the process, debt holders become an equity holder while "old" equity holder gets either completed wiped out or holds a piece of assets after the company meets all the obligation for creditors.
Looking at the news, GTAT released all the exclusivity with AAPL - i.e. GTAT is just one of the vendors for AAPL IF it builds an acceptable quality of product. Until now, the quality wasn't good for AAPL to use.
Soon, you will see GTAT issuing new common shares for debt holders. Then, the existing common shareholders are gone.
Example? GM, CIT - they both had same situation in chapter 11. old common shares are worthless while new shares (held by bondholders) worth a lot more.
One advice - try to hold the senior secured notes on chapter 11 companies...
which analysts expect the company to grow at 18% EPS growth while it is trading at 6.3x PE???
i think this is how those analysts make the stock cheap - putting an aggressive growth assumption while the company is a cash cow business where it keeps buying back shares on the market.
with tightness in traditional banking industry, WRLD has a great value. Perhaps, Buffett should like this one very well.
they just sold a non-core asset for $80M to SM Energy in cash adding to its annual EBITDA of $56M.
I think its cash on the balance sheet has been improved in this quarter.
Retailers know that it wasn't good enough to run a promotion at their sites. Hence, they will look for companies like Retailmenot to promote their sales.
Also, Retailmenot has a great database what the consumers are looking at now.
In retail business, Retaimenot is like a search engine like google.
WRONG. GT Advanced announced that it would wind down sapphire business which they would be selling all the assets to pay back creditors.
GT Advanced without Apple? There is no value in the company.
unless they carry a huge fixed assets that can be given to equity holders after the company meets debt obligations.
SALE has been helping companies for short-term promotion/discount - the impact is much better than placing ads on FB or some lead generating websites as visits at retailmenot are looking for what companies are selling.
The company had much better earning than projected by wall street.
With cash being cheap, I think LULU can be a target for M&A by maybe UA or NKE?
Yoga apparel is one of the highest growing industry as people aware of living healthy.
per 10Q filing
The Psychic Friends Network, Inc. (otcqb:PFNI), a broad-based marketing and entertainment company providing peer-to-peer advice services for over two decades, today announced that it has acquired 100% of the assets of 321Lend, Inc., a late development stage US peer-to-peer lending company. Headquartered in San Francisco, California, 321Lend will operate as a subsidiary of PFNI.
obviously analysts were trying to pull the stocks down so that they can 'upgrade' later on. same trick over and over.
Coach brand is better than Michael Kors for many reason - Michael kors has a short term run on its promotion. Coach has a long term value. Just ask people around about the brand. Not everyone knows Kors, but they do on Coach.
Personally, it's a great candidate for private equity as a cash flow play.