Well - its not about the company its really all about the underwriters friends and family. What you need to do is put a clause in that if the underwriters misjudge the demand the underwriters will pay the company a substantial fee that would ensure pricing closer to what the company should get. the company price at 21 and it open at 47 - the underwriters failed the company in every way except their own clients and friends. Loooking at this the company should have gotten double the cash for what they will receive.
the market is due some where along the line to have a nasty correction becuase to tell you the truth there really aren't many gems out there to get excited about. A 20 percent correction this year is more than likely or a much bigger event seems pretty likely. When people look back they'll wonder how they could have miss the signs - utilities trading like growth stocks. Rates at zero, oil slumping, earnings not exactly awesome unless you find a way to cut cost becuase most companies revenues are less than the previous year. dividend increases and buybacks seem to be in vogue more so than great new products.
Utilities have become growth stocks like tulips back in the 16 century. Biotech is in a bubble as well- once the liquidity dries up so won't the market - the fed is never going to take the punch bowl away but the fed won't be able to do anything the next time around unless it has some plan to buy etfs to keep the market up. look if mgee slid to 30 would it be a real surprise, nope. But ride the train while you can at someplace down the road the market will have a real nasty correction - maybe 30 - 40 percent that is just going to break the heart of all those people trying to get to the finish line. The idea of zero interest rates by the fed is insane. Also , now europe is going to follow our lead by loading up with liquidity - my guess is that this isn't going to work out well. Real jobs and innovation are not being created which is the bottom line - the markets have become a damn casino more so than some way to make good investments. when utilities become growth stocks over growth stocks you cant be too far from the top.
Getting closer to my target of 18 to 20 range. bad earnings report might just get me a chance to own raven again, getting excited again, close, but no cigar yet.
Obama to drop the 529 tax plan - that would have been his finest moment on top of all his other finest moments in this great american economy overseen by the great democratic brain trust.
Not much to see here - declining book value and very little growth requires a lot of patiences. - but hey, a nice fat dividend is great, but as for stock appreciation don't expect much.
their stuff is for keeping people out. its not at the stage yet where it can pick out people who have bad intentions but i'm sure thats the future once we have security implants install in all of us - funny right - probably not too far away
reality is the commodity sector sucks because we don't have a real economy - just an economy made by the fed feeding artificial liquidity to keep the game going. the reality is that world economies suck. of course having this democratic brain trust in washington keeps companies from earning real money instead of this game of buy backs and dividend increases. Need to stimulate companies to get back into using their excess cash into building things, the dems are more focused into the world socialist agenda of taking from peter and giving to paul.
Thats becuase its made in mexico - you got to get use to the water mixture