Two other firms came out with buy ratings. One is Jefferies, the other is Topeka Capital.
This is normal stock price action. A decent 10%-15% up move, then good 5%-3% profit taking. We have seen this a ton of times. Just relax and mind your usual business.
The big miss was due to the one-time $68MM paid to ACC last Q. Other than that the company maintains very good financial discipline. The company has enough cash till Q1 of 2017.
I agree. At these low prices a buyout is very possible. Mkt cap is only $25B. Someone could easily offer 20%-30% premium.
Well, the stock is trading below lowest analysts PT. So, it's a good buy here. We could see $46-$48 in a few weeks.