actually, it is not a bad idea, as company can be had for a song. $12 -$13 a share and you buy a whole business line. STT is another one. No one has the courage though, in this market.
sld mine 2/3 @ 36.6, going back in today at same price I bot it in January.
this talk about AMZN taking over the logistics business is garbage. Logistics companies have P/Es of 15 to 17, AMZN has a P/E of 100. If investors in AMZN thought the company was going to spend billions of dollars on logistics you would see a huge multiple compression from AMZN.
bailed out, would not be surprised if one or maybe even two other activist investors have used this weakness to jump on board here. These guys like to piggyback, getting in at a lower level as well. Stupid to sell here.
the company. On the first day of BK nothing will change operationally. The big difference will be that the shares will be worthless, which doesn't really effect the company in the near term.
Less than 3% of stock is short, so this is not going to be a source of a lot of buying.
Once in awhile the market is manipulated lower (mostly by the shorts) and when you see earnings like GILD just reported and the stock trades down, this is a market that is being manipulated lower.
for many years and now am convinced a change is needed at the very top.
going to cost them, as JCI backs out of their non deal.
to help pay back over 11 billion in debt it is only a matter of time before the equity holders get wiped out. The bond holders will take charge and hopefully get back 50 cents on the dollar from the ensuing fire sale of physical assets.