Yes but... massive volume might keep this as the new support.
Also, catalysts coming with shareholders mtg, and FB jumping into
the progressive minimum wage discussion.
Own a bunch of shares, and haven't been happy with the expenses and guidance or stock movement much of the time.
FB remains a story stock with dozens of catalysts at a time, and a low beta atypical of many growth stocks.
Is it another Google or Apple, or a meld, or is it a fad of sorts?
It continues to accrue a large base of haters and shorts and of course has a voting structure that is completely indifferent to shareholders.
We are now 3 years into a public FB, and indeed, as they said, they do not really care about the short term or the shareholders looking to trade or flip the stock. I'm not happy as I expected the stock to be at $100 by now.
The annual shareholders mtg could at least raise some issues. FB has rallied afterwards in the past. FB may rally if they start to show some restraint in their spending.
Either way, given the amount of cash the company has and generates, and the high profile and high mission of its leadership, it seems doubtful that this is a fad. Instead, they are probably transitioning to a true media powerhouse. Most outlets with this many eyeballs become stable, even stodgy at some point.
If leadership would offer some potential for even the slightest commitment to cut costs or improve the share price, the stock could skyrocket.
Of course if they keep overspending or if Sandberg were to leave, many say the stock would correct into the upper 60s. However, it feels like most of the bad guidance is already priced in to this non expert. And even FB, the least shareholder interested stock, should be able to mollify folks at their upcoming annual mtg now that they have several years of experience.
All in all, even if the market corrects 10%, this non professional feels FB is still very likely to end the year closer to $100 than to $60, unless there are bombshells at the annual mtg. I think it makes sense to hold until then and then reevaluate in July. GLTA.
I do agree that there are a lot of ifs, however ... the stock slipped on very low volume, which can actually be a good sign.
It's dependent on the next PR coming out. Who doubts that the next PR would see a doubling of the price?
Support has been there for quite a while around 0018. If it breaks further it's probably time to get out. Usually a PR comes in to save the support at this level. Wait and see.
The only thing strong about this penny is the technical support around 0017.
Good traders know how to trade it.
Otherwise it continues to frustrate and tantalize and disappoint in all other ways because it's all hope and smoke and mirrors.
I keep trying to stay away but the PRs do offer spikes. Should be time for another one soon.
Probably a good buy at this level.
Sentiment: Strong Buy
Have to agree that this is a broad sell off, not just related to the FB earnings report.
Buyers are very likely to pounce below $75.
While FB is arguably the least shareholder friendly stock ever when normalized on its revenues, it continues to show excellent growth, a cash hoard and an impregnable moat.
Everything has been down recently in a widespread sell off. However, there will be catalysts that affect the stock and publicize its potential.
Sadly, there will need to be a discussion about whether Ms. Sandberg will need time off and gauge her commitment to the company fairly soon due to the recent tragedy. There will also be a shareholders' mtg soon that has previously helped the share price.
All the analysts remain bullish. While i'm not happy with its short term performance, and I think there is an inherent resentment of the way it's run and its hubris. However, FB still looks like a growth behemoth in the long term. It is probably on everyone's short list for growth stocks with huge moats.
Without new shocking news, it's probably going to hold above $75.
Obviously I respectfully disagree. But since none of us has any say, and because the share structure is such that no one really cares about FB shareholders, it's all moot.
I do apologize. With all due respect I hold far more than that, and I do have to concern myself with anything that might affect leadership or the stock price.
Trying not to be morbid or classless, sorry - But anyone have ideas as to whether they could be an effect is Sandberg steps away from FB briefly given the recent tragedy, and shareholder meeting coming up
Sorry. don't disagree. But some of us have more than a few shares, the shareholder meeting is coming up and this conversation needs to be started at some point.
While this tragedy is awful, it seems a good time for Sandberg to step down and allow someone more shareholder focused to step in.
Sorry to have to bring this up at such a sad time, but the stock really should be at $100. This leadership in place has serious groupthink issues. Sandberg said she would stay 5 years, and it's been 3.
A change at the COO level is always risky. But it would show shareholders that they matter, and that FB is aware that there is a perception, antipathy, and shareholder yield problem here that is keeping the stock price down despite solid revenue growth.
It's time to stand aside, Ms Sandberg. There are a dozen other female tech execs in silicon valley for Zuck to choose from. This is no time to be away from her kids.
That's preposterous. While I'm sure many shareholders who agree with you. I do not.
The stock has clearly underperformed given the revenue it has been seeing. If the company were run by senior MBA students at Harvard, FB would already be $120. Instead the groupthink is rampant, and everyone cares more about the grand long term mission instead of today's shareholders.
Long term planning and a mission is great but FB should have already broken $100. They are overspending wildly and needlessly. Any change would be welcome in the current leadership to break their groupthink and disinterest in shareholders.
There are many young women dying to be COO who do not have two young children at home to care for. Sandberg said she would likely only stay 5 years. It's been 3 and she spent much of that time on her book tour. She should step aside now for her kids and the for the sake of the company.
It's a terrible tragedy how a young man running a wildly successful company could be struck down at 47. We all send condolences.
I have suggested that she step down in the past. Now with all due respect to this horrible tragedy, this is really appropriate now. While she can Lean In further, now is the time for her to be her kids.
This family tragedy should trigger Sandberg to step back from FB and allow a new COO to be vetted. She has two small children at home with no father, she already a billionaire, and her husband's company's shares will make her fantastically wealthy when survey monkey does go public.
While others may feel it's too soon to consider, FB is a huge company struggling with expenses and guidance. A new COO with a more focused interest in shareholder yield would certainly be welcome at this company and this appears to be the right time for her to spend more time with her two young children.
While this is certainly a tragedy, she now has two small kids at home without a father and should be thinking about stepping back from FB to care for full time.
A new COO would certainly make perfect sense after the shareholder meeting. With all due respect to her leaning in and her strong tenure, a change in leadership to someone more attentive to the stock price and shareholder yield would be welcome.
So is the consensus here that the offering's shares have now been floated and digested by now?
Are we looking at $17 as the bottom going forward?
Still way undervalued?
Into 20s by ASCO?
seems to be leading now after double bottoming. is it really time to get in? tried many times to time before to no avail. ideas? time to load up now until june?
Tried several times before and each time failed.
Last few months chart looks almost like Cup & Handle.
Now until June mtg seems the best time short term with most other assets risky
or overpriced. Any thoughts?
Dollar Tree, Inc. (NASDAQ: DLTR) - Buy, $96 price target
“Our price target is based on our DCF model, which incorporates our combined pro forma model for Dollar Tree post its acquisition of Family Dollar. Shares appear to us to already be trading at a healthy acquisition premium, having appreciated 46% since the initial offer was made on July 28, 2014 versus the S&P 500 index +5% and the RLX index +26% in the same time frame. Despite this run, we do not believe the basic cost synergies are fully reflected at the stock's current valuation. We present a pro forma model below that reflects the $300MM in annual cost synergies that DLTR expects to generate by year three, but we believe management's synergy estimates are extremely conservative. In our opinion, Dollar Tree's strong management and superior merchandising team should drive substantial productivity and operational improvements at Family Dollar over the long term.”
Not an expert and making no recommendations. I sold out.
Got no replies from IR, company clearly doesn't have its act together to meet deadlines it sets, and shows inconsistency towards shareholder concerns.
When they actually have a working product AND Abrams and the CEO are willing to publicly comment in support of where the company is going, I might get back in.
Right now it appears as though they just hired Abrams to consult and until he is willing to endorse the company's plan for construction and distribution, there are just too many red flags and not enough working devices.
I'm out of pennies. It's a casino. Better off trading CURE, RETL and biotechs. Companies with real products trying to really help people.
Sentiment: Strong Sell