All you need to do is buy a stock on a day when it falls to the second lowest close in years.
Since the stock moves $.50/day fairly regularly and you're always on the winning side of the trade somehow (while always being long a stock that is down 88%), I'm surprised you don't own the other 112M shares already FREE.
You must be slacking.
Just checking in to see if the regulars are squawking about their imaginary gains from owning an asset that has been falling in value for going on two years. Unsurprisingly, they are. Some things don't change.
It looks like the market cap is almost low enough to mandate the writeoffs. For those who have been pounding the table asking how much goodwill will be written down, you may have your answer at the next conference call, if not sooner.
There goes the post-earnings temporary jump ... and basically all unrealized gains for anyone who bought two weeks ago.
But I'm sure the board cheerleader(s) who bought right before the close pre-earnings sold it all at $14.78.
Since he or she is hooting and hollering on a yahoo message board about a $3700 intra-day unrealized gain, I would say he/she has absolutely nothing in common with Warren, including among other things money.
Read FASB ASC 350. Or read the 10k if you're not satisfied with the actual standards that apply. The 10k clearly discloses the risk resulting from the required market cap analysis (see the line about a key factor being the relationship between market cap and book value):
At December 31, 20 14 , we had $ 589.5 million in goodwill capitalized on our balance sheet. Accounting Standards Codification (“ASC”) 350, “Intangibles – Goodwill and Other , ” requires that goodwill and some long-lived intangibles be tested for impairment at least annually. In addition, goodwill and intangible assets are tested for impairment at other times as circumstances warrant, and such testing could result in write-downs of some of our goodwill and long ‑lived intangibles. Impairment is measured as the excess of the carrying value of the goodwill or intangible asset over the fair value of the underlying asset. A key factor in determining whether impairment has occurred is the relationship between our market capitalization and our book value. Accordingly, we may, from time to time, incur impairment charges, which are recorded as operating expenses when they are incurred and would reduce our net income and adversely affect our operating results in the period in which they are incurred.
A couple more points down and the company will have to take a goodwill impairment (if it isn't already planning to do so this quarter) because its market cap will be less than net assets.
Look out below when the company has to formally admit it has been substantially overpaying with its acquisitions.
With that said, I think the stock may be worth purchasing long term in the mid single digits.
JVSCalendar still sitting on his/her shares after riding a 200% profit to a 66% loss in 18 months?