When I added to my stock position today, I closed out some puts. I did that partly because I may want lower strike prices after the next report.
Apparently he sells when he can.
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Definition of 'Close Period'
The time period between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual results.
CRM dilutes shares when the number of shares increase. If CRM were to have GAAP earnings, the earnings woud be spread among more shares and it would be said that earnings were diluted.
When there are GAAP losses, even if the size of the loss increases, the loss per share won't appear to be as large even when the total loss has increased. What appears to be a milder loss per share due to there being more shares can actually be dangerous. I've heard words such as "death spiral" from financial professionals. That term was used on such an easily accessible source as the Fast Money t.v. show.
Are they trying to mask that when it's posted on the CRM site that the company CRM is renting from in San Francisco announced they, the renter, had good earnings. CRM is the client who pays money, not the party who receives the money. There have been three posts lately that try to seem positive for CRM when it's CRM who is the payer, the customer of those three companies. The reality is that CRM continues to spend more money and that is negative for CRM, since CRM doesn't have any GAAP earnings and not only doesn't expect to for two years or more (according to the CEO), but has increasing expenditures.
I'll add that this afternoon is a gift for selling and for shorting or adding to short positions, which I did.
I'm adding this in case some people only read topic headlines and don't check the messages.
BTW, CRM is priced as though value had been released, the price of CRM stock would have to be cut in half and costs would have to be cut drastically. If they had been interested they would have done it when CRM was half the price it is now. Then, cutting costs might have been appropriate, but now the stock price is headed down regardless.
Outsiders are more likely to wait for disaster before going after parts of CRM at bargain prices, such as at the beginning of 2009. CRM was around $25 (at a pre-split price, which would be $12.50 now). The company was about 10 years old. Over five years later, CRM is a 15 year old company without GAAP earnings and with an excessive price. That's 55 vs. 12.50 and no real earnings. The CEO doesn't expect GAAP earnings in FY 2015 and possibly not in FY 2016.
Thanks for triggering that historical price of CRM. Will there be a round trip?
Ackman and Icahn aren't likely to seek value from Marc Benioff. If Ackman or Icahn even were to get involved in "cloud" enterprises, it would be MSFT, though the new MSFT CEO appears to be lighting the fire under MSFT and positioning MSFT as a tough competitor. IMHO, you'll be waiting for a long time and CRM will slip further and further while you are waiting.
I don't have a position in LNKD, but I'll research it.
If AMZN gets hit for not having GAAP earnings, CRM will likely get hit harder. AMZN has more possible avenues of profits someday. That's not as likely with CRM. Also, there's really no competitor on the scale of AMZN. CRM has competitors including MSFT and ORCL, with the financial resources to stifle CRM's attempt to service current and potential future clients. CRM is in the unfortunate position of having no GAAP earnings, yet being priced way too high to interest other companies.
A 15 year old company with no GAAP earnings, high expenses, and competitors with deep pockets has problems, IMHO. The fact that the CEO has sold many millions of dollars of stock in the company and the generous equity award program in a 15 year old company without real earnings isn't promising, IMHO.
Talk about cash flow misrepresents that the cash flow resulted from the sale of stock by insiders at market prices because that stock was acquired for little or no money. A subsidy isn't cash value for the company.
I'll probably take no action under next week, but I wouldn't be long on ADBE over the weekend. There are too many variables about ADBE to predict Monday morning.
The 10 day volume has been even lower than the one month and three month volume. When the stock turns down after hitting resistance, it's likely the volume will increase.
Maybe it won't reach 25 in two weeks or even two months, but it's possible the Algos are set to sell at 55. A few weeks ago, there was a rally that petered out around 55. The weekly options arrays aren't clear to me, but possibly are clearer to others. I agree with you about pump and dump. At the open I sold some shares (but kept most) and have since added options as the stock went above 54.5. IMHO 54,50 to 55+ could remain the active area of CRM for a couple of hours today. The question is whether Monday morning starts with a drop significantly below 55.
"Independent Research" issued positive comments, which pushed ADBE up more yesterday. IMHO, that was exit time. The comment was posted on this site around midnight, a day too late, likely at a time when pros are exiting and perhaps benefiting from those who follow the positive comment too late, IMHO. Already ADBE has gone from up to down. Is this the time to short, since the move above 70 may have been excessive. If it wasn't a Friday, I'd short immediately and haven't decided whether or not to go negative on ADBE today, but selling a long position was a no-brainer, IMHO.
I wondered why other companies don't flood the Yahoo Finance site with such pr. The only answer I could think of are (1) such pumping is too risky and (2) such pr is very expensive. Are there other thoughts to share?
Another day, another "newswire" paid for pr statement. This isn't a start up company and there aren't GAAP earnings, but there appears to be more paid for pr than companies with GAAP earnings. Is there a connection?
The share count has grown significantly and that's far beyond the 4x increase when there was a 4 for 1 split. The share count grew before and after the split and in addition to the share increase that occurred with the split.
Among other things, CRM doesn't have GAAP earnings and doesn't expect any this year or next year, according to the CEO, who has been selling CRM stock regularly. Despite CRM being a 15 year old company that doesn't earn money (GAAP) and despite serious competition, there is heavy, continued insider selling (which isn't shown in insider sales figures that the company is supposed to update on Yahoo Finance. There are other reasons, but the reasons I'm posting here are negative enough.
Others have posted explanations regarding bookkeeping and other actions.