I appreciate your insights and your philosophy. I bought KNDI for $1.27 a few years back and at a lot of other price points since. What KNDI needs now, is the same as it was then: significant EV sales followed by an acceleration in EV sales. That would make all our dreams come true. Until then, as you suggest, every sunrise moves us a little closer.
It's a little difficult to see WAG closing green today. Two reasons it's down. First, the stock commonly dips a little as we approach earnings report and then runs back up. Second, and more to the point, there is a little disappointment in the November same store sales. It was actually a pretty good report but fell short of expectations. Comparable sales were down somewhat because we had an extra weekend day this year compared to last November. Weekend days provide lower sales numbers because not many doctors are in their office writing prescriptions. Analysts could have been thrown a little because RAD reported comps almost as good as those of WAG, and the trend has been for WAG to top RAD decisively. The difference is WAG reported 30 days including 5 Saturdays, while RAD reported 35 days including 5 Saturdays. RAD reported a period with the normal balance of weekdays to weekends, while WAG reported the 30 day month exactly as it falls. No big deal, as Walgreen will soon report a very strong quarter and year. Wassom will no doubt remind analysts that the Boots purchase is going very well, and also the new deal with Amerisource is progressing on schedule. WAG is on course to trade near $100/share in 2016 as long as the economy and Obamacare progress somewhere near projections. Oops! Mentioning Obamacare doesn't inspire a lot of confidence, but that's part of WAG's future.
fuddy, why do you think the numbers should be better? They exceed analysts expectations. That's not enough? Where have you seen cash flow numbers for the quarter? They have not been released to my knowledge.
WAG is up more than 70% in the past year. It is trading just below it's all time high. Let it churn a little. No stock sets a new high every day. WAG does not leak earnings info.
the two most overused and inappropriately used words on message boards are "bubble" and "scam". Posts using either word without substantial explanation should be ignored.
This stock has more than tripled in the past 12 months. It has formed a nice base in the mid $80's. They just topped earnings by 50% and raised guidance. You are calling for a reversal for what reason? Oh well, freedom of speech and all that.
This company is outperforming the outperformers. Market share is way up in a rapidly growing market. Dart board remark is irrelevant.
The rumor I hear is that quite a few "finance" types were let go. Jobs going to Switzerland. Interesting rumor, but not necessarily true. True or not this sort of thing is going on in corporate America. Express Scripts demands greater efficiency. Efficiency = human suffering.
you could be right, but I will reserve judgment . wouldn't expect much buying here until late Dec & January.
It is absurd to speculate on fraud just because the company is Chinese. True there have been a number of fraudulent operations uncovered but there are many good, fast growing companies in China and many which trade on U.S. exchanges. The lesson is to not concentrate too much of your investing capital in one company. Spread it out (diversify) and enjoy the growth while sleeping well. You should not trust any company to the point that you would be financially devastated by a muddy waters story. As for going short this company, because it's Chinese, when there is no evidence of fraud, that is completely bonkers! I would be hard pressed to come up with a scenario that exceeds the risk of financial ruin by shorting YY.
Not afraid of todays same store sales report? WAG is the only drugstore to report improved front end sales in comparable stores. Oh, I forgot, it's trading over it's one year estimated price. I must have also lost sight of those insider sales. It's difficult to see 87,000 shares sold when they are hiding behind almost 400,00 shares acquired in the month of October.
Walgreens gets more traffic than CVS and RAD in most communities. What is important to the stock price, is any significant change in traffic compared to the past and that is difficult to measure by casually observing the parking lots. I believe WAG stock will outperform CVS stock over the next 5 years and both will outperform RAD. WAG will prosper from Obamacare, international expansion with Boots and vertical integration with Amerisource Bergen. CVS will follow WAG's lead internationally and probably cut their own deal with a prominent drug wholesaler. RAD will continue to exist.
WAG has options to buy 8% of ABC in 2015 and 8% more in 2016. Option prices are about $51 and $52 if I remember correctly. By 2015 ABC should trade for $75-$80, and $85-$90 in 2016. This is a very lucrative part of the deal with ABC. WAG will purchase the remaining 55% of Boots in 2015. I think WAG trades for $100 in 2016, beating ABC to that number.
A long term holder need never fear earnings. I've been through more than 20 earnings reports with KNDI and I am still here, very much ahead, and patiently waiting and watching. The company is absolutely executing it's business plan. The stock price gyrations are of no importance in the long run.
Well said okiedo10. There are a lot of longs that don't seem to know what KNDI is about. I can't help but wonder if they missed the boat on TSLA and think this is the next EV moon rocket. KNDI has performed quite well, but it takes a lot of patience to be long.