Getting expensive to short.
The days action was encouraging, lower volume and a 1+% increase. Not too shabby.
On the pink sheets!
Read the proxy. I last reviewed it 4-5 weeks ago and do not recall any golden parachutes, but did note ollowing:
1) options vest on change in control,
2) golden gets a car and helth inurance allowance
I do not recall any large pensions, etc..
Yes. But i seldom trade. I am afraid that it will swang instead of swing. My luck is that i trade out and the next day they announce a sale.
Patterns never last for long, esp with changing companies...
Jrhauri was counting on insider sales to bring the price down to buy again.
Have to remember that the analysts eyes were opened at the last earnings call. The company is getting respect, or however Barry spells it.
The last earnings call represented a sea change so expect a slow climb.
The short interest increased from 12.20, taking the pps down.
Expect more short covering.
1) automatic sale
2) income taxes
What does golden have to live on?
What about M(!) and S(!) ?????
Steps- step costs, a matrix of fixed and variable costs incurred based on a given volume.
A well designed mfg situation will be able to adjust based on demand... You can scale down a plant to some extent to meet lower demand... You never escape fixed costs, but the more variable you set up a plant, the better... Then you run into setups and inv carry costs... The new machines allow for reduced setups.. This s all really old jargon, but swhc never h ad a grasp on it until debney came along.
The sap system was a small expenditure compared to the machinery they brought in. They can change production at the drop of a hat. Those increased margins came from improved production planning(sap) and moreso some high tech machines. Demand is sucking the production, but debney has it throttled. The key is to keep production at an optimum level to use the overhead efficiently.
The mfg cost structure should be set up to operate in 'steps'. Each step has total costs (f,v). The plants should be run to get the most out of each step, and each step is set based on demand. I think debney has it dialed in like never before. The demand levels are affording them this luxury, and i think that the cost structure is designed to step down if demand slackens. They maintain gross margins.
Quite a change from the old days.
If you keep an eye on market pulse, you will eventually figure out what is going on here. Btw, this alias is not your doppleganger ;-)
The Sheriff of Rock Ridge