I guess that is what happens when you are a very cash rich stable profitable company with a stock price going up and up, all the while paying a nice dividend that is higher than the 10-year treasury. Everyone is pumping their stupid little stocks and news alerts. All #$%$. Love Amgen. End of discussion.
let me give you a little insight here gfb.......I used to work for Walter in corporate. They went through bankruptcy before....had to change the name. The company survived. Sure, it may survive again.....as you say...companies with assets do not go away. What goes away, as it did before......is the common stock. It has no value. That is what all those rating agencies are doing out there.....comprende???
break $9? Its over $9.50. OOhhhhh....I see you posted this last week.....never mind. Hey, did they ever have that meeting? Just kidding.......I do not care. Just waiting on EPA.
ahhh, to dream again. Remember those days...pre 1:10 synm split. Stock ran into the 2's.......or 20's pre split due to Libya crisis and spike in fuel prices....talk was of gasoline going to $5/gallon. I remember those on the board talking of what kind of boat they were going to buy. Oh, the days of greed. Who said greed was good? uuuhhhh, no.
At this point, I have no idea what will happen, but I like this little short term uptrend we are currently in.....for no explanation other than there is more demand for the stock than supply.
good point. Neither did I. A little certainty would go a long way. They are all up there in Iowa promising all sorts of things right now. Still Obama for awhile so I imagine next month the EPA will put out some good volume numbers.
reality? Reality says the average volume is under 2 million shares per day for a company with a total of 8 million shares, of which less than 1% is owned by insiders. At $0.40/share........that's less than a million bucks traded per day. Heck, you can have all 80 million shares of the company for 32 million. Heavy in assets in the billions? You are cracking us up gfb467. Nice try but no.......they do not have assets worth squat, that is why even the insiders are not buying. They have $400 million in cash. why not take it private right now for 1/10th of that cash? Can lay off all those SEC compliant lawyers and accountants.
energy independence? Huh? Look at the volumes. It is insignificant. The only two things that could truly create energy independence would be the fracing industry...which it has done....and GTL, turning natural gas into transportation liquids, which Sasol is building now down there in Louisiana.
What it also has done from an environmental standpoint (biodiesel that is) is to reduce sulfur content of our fuel by blending with traditional diesel. It adds the lubrication that was removed when they lowered the sulfur content. All good stuff. Almost all diesel in this country has 5% biodiesel in it.
Ethanol is a windfall for corn farmers. And since all future presidents have to pass through Iowa....I guess we are going to be stuck with ethanol for all eternity.
that's OK.....you go right ahead. Want to "actually" get rich? Work and save your money...just like Warren Buffet would tell you to do.
I just want to keep thanking you wellptboy. You open you trap and we have gone up over 10% this week. Please...please keep bashing. You are our "contrarian angel".
the debt holders get first dibs.....then the preferred stock, then the common stock....if anything is left. Nothing will be left after the debt (bond) holders get theirs. This stock has no value....that's 0.0. What is a better question is: How is this stock even trading? Who are the fools buying it?
thanks again wellptboy. Every negative comment by you is followed by a big uptick in this stock price. You are awesome! I buy everytime I see you post. I have bought a new bought thanks to you.
not quite genomic. The point billspring was making is that in bankruptcy, you can buy assets without the corresponding debt. Yes, the bondholders will be the owners. Since the value of those assets are much less than the debt, no one of this world will be buying those assets through the common. In fact, if you inherited this company, you would be saddled with $3 billion in debt minus 400 million in cash and maybe a billion in assets. That puts you $1.6 billion in the hole immediately.......and that is if they gave you all the stock.
On the other hand, if for some reason the met coal world suddenly changed, sure....a bhp or rio could buy wlt and refi with their own much much lower interest rate debt. The only problem with that is wlt assets are not low cost met coal......like the met coal in Mongolia and Africa that those two giants are now exploiting. They are crushing all the new china met coal players to keep them out of the market. Walter got in the way.
I do want an FDA.......otherwise you get a whole lot of #$%$ out there with claims of curing death itself. Look at the supplement and vitamin industry, not regulated by FDA. What a nightmare. People taking all sorts of #$%$ because someone said it was good for them. No.....we need an FDA. We need a rigorous process. We have one. Not everything passes and gets approved. Maybe its product is not everything it is cracked up to be. Maybe it is. We shall see.
hence the term...."seems". We shall see wildbeenyheeth....we shall see.
the problem with your thesis....is it is all about feelings and people. This stock and its price is about money and earnings...or lack of. The met coal market is way way down. Demand is way way down. It has nothing to do with anything other than money. Put your feelings aside.
I wish I shorted this. It has dropped from $145 to less than 50 cents. cover shorts? Why? They do not have that much cash. Do not get your data from yahoo. If they did, would they simply not buy up all the shares and take it private? Think about it. Whatever cash they have will go to debt holders. The common here gets nothing. Not even close to nothing. Its over.
always sell a dream. Not going to go out and sell a nightmare...right? Anyway....not all hedges are going to come off at same time. Yes, production down, as was price of oil, nat gas, and nat gas liquids, NGL. Still, at this price....they have a very high divvy and low PE ratio. Looks like market over sold it last quarter. Like you.....did not catch that last run. Almost pulled the trigger in the 5's but also knew divvy was going to drop. Not sure why its trading in 5's now either. Next divvy will drop even more as even more hedges come off and prices are very low....as there is a delay (look at what period is covered under that last report).
Sooooo.......looking forward instead of back, what now? I am looking for low 5's myself, maybe upper 4's. Not acting like it is going there right now.
thanks msg....data I was looking for. So about $5 million down, another $25 million to go. Thanks. Seems to put a floor in here at upper 8's.