Some future catalysts: 1. Highway Bill, 2. East coast port growth with the larger container ships coming thru the Panama Canal, 3. The new one which I heard on the presentation was the securitization of on-book financing allowing the company to capture cash and secure lower interest rates. The CEO said this would be announced in coming weeks. Do you think this would be a catalyst for the stock price? Today may just be noise but the volume is huge! Do you pay attention to this factor in your investment decisions? All the best. H.
FWIW, I think the decline is based on fear of the company lowering estimates later in the year. As TEX described in the latest presentation,while TEX is doing what it can operationally (cost control, repurchase, debt reduction), it has no control over macro developments. As a long-term investor I'm willing to look past the current problems and, so, added a little today. However, I'm usually too early when trying to buck the momentum one way or another.
Do you have a link to the presentation? Why do you think that the owner is "randomly" liquidating rather than selling after his analysis. If you are correct, the large volume indicates that this is an institution. Also, if you are correct, this appears to be an opportunity to buy or add. Remember, TEX missed last quarter by $.16 but left the full year guidance unchanged. Why didn't they take the opportunity to lower 2105 guidance and, like most other companies which manipulate guidance, give themselves a better chance of a "beat?"
Yes it is. The question is what multiple investors are willing to pay for this financially sound, good company.
This is an inane message board. Buy! Sell! As Clara Peller said, "Where's the beef?" How about some rationale to buy or sell. What will the revenues be over the next few years? What margins will they have? What will the balance sheet look like? What growth plans to they have? How about ANY metrics.
are presented as a defect of (.16). However, "pro-forma" earnings are $.67. In other situations like this, pro-forma usually meant earnings as if the full integration of the merged entities had taken place. I cannot find anything in the IGT presentations which explain what the "pro-forma" numbers mean in this situation. If the $.67 is an indication of the earnings power of the new-IGT, then the stock is undervalued. It doesn't appear to be this way given the market's reaction. Any ideas?
Volatile market. Lots of people with lots of profits here. Profit taking. Stock going up to the high end of its long term valuation range (p/e, p/s, etc). You have to decide for yourself: Is this a trade or a long term, multiyear holding? What do you think is "fair value?" Are you willing to pay a premium above fair value for a market leading company? Are you interested in dividend growth? Do you want to hold through general market and macro up and down turns? What is the nature and goals of your personal portfolio? What percentage of your portfolio do you want it to be? Do you want to hold a core position and trade around that? All of the answers are personal and much more complex than #$%$.
or, "How low can you go?" As there limbo bar got lowered all of the analysts piled on with sell, sell, sell, until the little toymaker hit the MAT at $22. Then the song changed and the same analysts raised the limbo bar with the final notch up on Friday by Goldman's Slacks new goal of $37. For those of you too young to remember the limbo craze, you'd do just as well to forget the analyst limbo phase. Despite the wiggle I still do love Barbie and Ken long term. Maybe MAT could ramp up sales by having Ken go through a Bruce Jenner identity crisis. You never know.