You think so? These guys are dead men walking. Can't make money, and others have technology just as good and some better (MU).
are no buyers. BV is $5.00 and that's all it is worth.
would not be surprised if Weyerhauser buys and splits the company, lumber assets for them, SC for someone else.
can not be considered a positive for IBM.
With the newest rigs and a 6 yr old life in aggregate for all their rigs, makes little sense to sell this off. Many regions do not have fracked energy, Mexico, Brazil, Africa, most of Europe. Rigs are still needed and I don't think you can say all the money is going into land based energy companies, as their stocks haven't done that well either.
FIO is not a good short candidate because of the thin float and already high level of shorts. And, it might not be near a bottom (which no one knows where that is.) The BV is $5. and really that is all it's worth. I might buy some a little lower as, per that article on tax selling in Yahoo, this might pop back to $9.50 to $10.00 next yr in January.
Losing their big customer, Babies R Us has done damage to the company that can not be reversed. Too bad for Woonsocket, a community that really needs jobs (after losing their Walmart, Staples, Lowes, TacoBell, and grocery store).
And remember this individual made the worst market call of 2012 and 2013, on CNBC on Dec. 27th of last yr by proclaiming that after 31 yrs he was totally out of the market. This, of course, has nothing to do with LULU, which I am long and think NKE could make a run at them.
The direction they are taking is not a proactive strategy that they considered because they thought it would be better for the company. It is something they were forced into because of the dislocation in demand and the need to greatly reduce costs.
No company's BOD will ok the spending of 2 billion dollars for an activity that loses money. These guys are going to have losses for the next two quarters. Besides the FIO flash storage is no longer the best. If someone was going to buy them it would have happened already and it would have been a mistake.
Yes, EXC has been one of M*'s glaring mistakes, as they have rated it a 5* for three years, as the stock has dropped 37.48%. On a total return basis this stock has been a bust, and nothing has changed here, except that hopefully it can not drop another 37.48%. Look for a dividend cut after this yr, as it can not be maintained, and as I said before, there is no reason to own this stock. There are better quality names that yield more.