Losing money like a drunken sailor, & you people are still buying into this? Really ? Why? I have no position yet, but am hoping for $90 plus to start a short position. Keep pumping boys!
$6 billion was consume, but not sold? Really? You can't be this stupide, can you?
Let me just give an update on the number of energy contracts. We now have over 80,000 energy contracts, $2 billion of cash contracts coming to SolarCity. So to me the amazing part of this is if you look at 2012, we had $1.1 billion, and we’ve added $900 million in one year. It’s almost equal to the entire company’s history up until 2012. So very happy with that performance.
Shorts are doing a nice job keeping Hlf down & out of this market. Amazing to watch the longs give into the shorts, when it should be the other way around.
Those options well expire worthless. Sell & take your hit. conn is dead money for at least the next 3 to 6 months.
Mean while old Carl has made how many Billions this year? Lol.. Yep stick with the winners & let the losers make you money.
Pershing Square's second-worst investment ever was J.C. Penney, which declined 41 percent, according to the presentation. Citigroup was No. 3, with a loss of 31 percent. Pershing Square lost money in Herbalife and two other positions—J.C. Penney long and a short on the Hong Kong dollar versus U.S. dollar
You mean the analyst who said it was going to $85? LOl Get real I have make a fortune shorting this over price stock. Will cover when it's trading under $26.
Big boys were dumping today, they were not buying. This has a ways to go down before any up tick. II think it trades between $23 & $27 for the next 3 to 6 months before any movement up or down. No reason to buy, at these high levels.
And you moron shorts call this a pyramid scheme ? Really? Lol... See you at $100
Conn's plunges after cutting profit forecasts for this year and next
Shares of Conn's (CONN), a retailer of electronics, appliances, furniture and other home goods that also provides consumer credit to support purchases, are plunging after the company issued weaker than expect fourth quarter earnings guidance and lowered its fiscal 2014 and 2015 profit forecasts. WHAT'S NEW: This morning, Conn's forecast fourth quarter adjusted EPS of 75c-80c, far below expectations of 93c. The company also lowered its FY14 adjusted EPS view to $2.59-$2.64 from $2.75-$2.80 and cut its FY15 EPS outlook to $3.40-$3.70 from $3.80-$4.00. FY14 and FY15 consensus estimates were $2.77 and $3.96, respectively. The company said, “Credit segment performance did not keep pace and delinquency and charge-offs rose in December and January. Sales driven portfolio growth combined with seasonal portfolio increases placed pressure on our collections operation and execution deteriorated. Sustained below-normal temperatures and the related higher energy costs in some of our markets also temporarily impacted our consumer’s income available for debt service." ANALYST REACTION: This morning, research firm Oppenheimer downgraded the stock to Perform from Outperform following the company's negative Q4 pre-announcment and lowered guidance. Another firm, Stephens, downgraded Conn's to Equal Weight from Overweight. PRICE ACTION: In late morning trading, Conn's plunged $18.36, or about 33%, to $37.44 on nearly thirteen times its average daily trading volume. Despite today's slide, the stock has gained about 22% over the past twelve months. OTHERS TO WATCH: Other retailers competing with Conn’s include Rent-A-Center (RCII) and Aaron's (AAN).
He's lost over 500 million on a 1 billion bet, can we say moron? ... LOL... Hay shorts hang in there don't cover Intel HLF hits $90, that way we can see HLF go over $100..
So how much did you lose smart#$%$? Told you this morning this company is on the verge of bankruptcy. Just look at their cash flow( negative $147 million) dept of $422 million & you buy into this #$%$? Moron..
Let me provide some details on the specifics. First, the coupon on this debt is only 2%, not much different than our dividend. And since we are using the net proceeds to buy back stock, we are saving on the dividend. For example, a 2% coupon on $1.15 billion debt deal is $23 million annually in cost.
With the repurchases expected from the net proceeds of this deal, we will save approximately $17 million annually in dividend. So on a net cash basis, it is costing the company approximately $6 million annually to borrow $1.15 billion, an economically strong deal for the company and its shareholders.
Second, the company effectively repurchased 9.9 million shares through the prepaid forward as part of this debt transaction. The economics of this deal pass through to the company immediately even though the shares will not be delivered until the end of the contract. To be clear, for accounting purposes and for dividend purposes, these shares are out of our share base as of February 7.
The additional approximately $300 million in net proceeds is expected to be used to buy back stock over the next 3 months.
Depending on the share price, we expect to repurchase a total of 14 million to 14.5 million shares through the prepaid forward in our outright buybacks as a result of this transaction.