Well, I'll be a monkey's uncle.
What are the chances of the same analyst presenting a mirror-type announcement nearly exactly a year apart from the previous one?
Sorry folks. That's what happens on a Friday when you finally get some warm weather.
I stand corrected.
I see articles going both ways...it's a downgrade on Yahoo as well.
WRONG. Institutions are bound by Investment Policy. They would not risk their Fiduciary roles to buy this stock.
I am a 'maybe' at this point. I planned to go and just found out yesterday I have to travel the week before. Will see what my work schedule looks like as we get closer.
If I can swing it, I will be there.
Would like to toast with many of the ADA faithful.
probably the wind in Iowa, or the price of corn. We've seen a few 'somewhat' pronounced swings on very low volume this week alone. yesterday we had a 3+% range. Looks like someone's trying to find direction here
I think we sink back to recent lows.
We got the updates. We played the wild card (stock split). Not much going on until earnings, which I think might be back in the red.
Market hasn't really dont much for the stock over the last few trading days.
I think we drift lower.
I agree. Too many times people debate whether earnings will be good or bad based on the day of the week or the time of day the company announces. But after years of these stealth announcements with no conference call to discuss, I believe they have something good to report and are willing to take questions from investors. Kudos. They are really coming along.
You guys are so funny to watch.
One minute you're on the ledge...the next minute you're 'rah-rah-ing' the stock...then back on the ledge.
Fitsie was at it again with his SA article...saying the same thing he's been saying all last year, just with a new tagline.
All I can say is that our holding period was extended upon the latest presentation from the company. Beyond that, there's really nothing at all new.
But please continue...it makes for good entertainment.
Initial pop (for many biotechs) today with the FRX acquisition. The buzz wore off as the day went on, hence the drop.
gosh, these joint business relationship seem to get more and more complex. It took a paragraph to explain what the deal was.
But as I read it, this deal wil not be as lucrative as prior deals. They say the economics will be similar to prior deals, yet it will only be 'slighly cash flow positive'
They also indicate what looks like substantial delays in bringing other plants online and the possible loss of the tax credits.
Not sure this will be perceived as a positive update.
That is not correct. You must spread out the basis out over ALL shares. You cannot elect to use zero basis for the new shares.
A 2-1 stock split is the same as receiving a 100% stock dividend. You still have the same investment (basis) and now twice the shares...so the net effect of this is simple. Your per share cost is 50% less.
As for the holding period, I am not entirely sure, but I believe the holding period on the new shares is tied back to the original shares. Ergo, if you are holding shares that are more than a year old, the new shares will also be long term.
I am not a CPA, but I am pretty sure this is how this all works.
The appropriate method for figuring for the split to adjust ALL shares. If you have 1,000 shares w/ a $20 basis PRE-split, you now have 2,000 shares with a $10 basis POST split.
You can elect to use FIFO or LIFO or identify specific lots to sell (most firms will either use FIFO or average basis), but you'd calculate the split in the same manner.
IE - 500 shares w/ $10 basis and 500 shares w/$20 basis becomes
1000 shares w/$5 basis and 1000 shares w/$10 basis.
The record date is meaningless. It's more for the company and their accounting than for investors. If you bought ADES shares ANYTIME after the record date but PRIOR to the ex-dividend date you will still participate in the split just like everyone else.
If you purchase AFTER the ex-divvy date, you would be purchasing the split adjusted shares.
So the PR was likely accurate.