Surf, you're misreading Chinese growth. It is mini at best. Even Chinese officials said this week they will do very little and very targeted stimulus. I have been posting this all year long. China, Europe, Japan, all not doing as well.
UNTIL we get a GDP here in the USA above 3% and holding steady, how in the heck do you see the rest of the world growing the way you imagine it?
Are you so far underwater on your postilion in CLF that you are simply hoping for CLF to do better than what the stats imply? Unless CAS takes over, or until CLF changes its strategies under current management to mirror what CAS suggests, forget it.
done and are now stepping up to the plate. I hope some of these funds are also buying the shares here, not just giving the company upgrades.
I disagree. Management is not in violation of SEC rules while defending their company against derogatory or misleading comments made by an analyst about the outlook for its industry or about growth prospects for the company specifically. Even when they are in a quiet period ahead of earnings, they can confirm guidance.
As to your second point about running the company in an excellent way, watching silently from the sidelines over a 50% haircut is not good management.
I did not buy DDD anywhere near the highs, and I admit that the evaluations on DDD was high and a correction was needed here. However, if the evaluations were merited, then DDD management should have defend the business against the misguided comments being said everywhere about its growth/evaluation.
I would not care it the correction was 20% or so, but this one was huge and they really haven't said much to change the perceptions about DDD.
I don't disagree, I just wonder by management was so calm while the carnage on its stock was heppening.
Darn. Another one, this one from Forbes.
on the S&P, betting heavily that it was going to go down big time, and in short order. Well, it looks like that bet panned out. You almost wonder if this drop was carefully orchestrated by that person?
Right now there is just mere speculation about why the decline is happening to this level, and so quickly, where darn near 100% of the NAS now is in the hole, where the entire bio industry may need to take their own drugs to survive this carnage.
I understand the momo stocks going down, but WS is killing the healthy and profitable companies as well.
Unless there is a global financial or worldly event that prompts this kind of selling, which we do not have, I suspect WS let everything get way of control for too long. Add in how ETFs may might impact the selling, along with those who are being killed by margin calls, and this is what we end up with.
I guess they are concluding we won't grow at 3% like they thought (not me), and everything gets revised. In one months time WS has taken so many stocks to levels where they traded in the fall of 2013.
the upside. This kind of carnage hasn't been seen without some dramatic global event shocking the entire financial system. How did this happen?
Is it the fault of ETFs? Is it idiotic traders? Is it me?
Not sure how you got this news, but WS sniffs this out before we do, and by how CLF trades, I doubt the validity.
There is one issue that could halt the bleeding but GILD is not addressing it. They will have to say something at the CC, because the questions will be asked, but why they let shareholders wither when others have come out and spoken, this is mystifying?
Some have posted that it is wrong to sell assets at a loss. I disagree. Sometimes the best strategy is taking the loss and moving on. CAS will bring this. Present management may not.
That play did cross my mind, but I will hold on. CLF was my best trading stock last year. I think I know where the bottom is so I am holding on only simply for a play by CAS. I hope they can do something to cause a recovery. Otherwise, I would have already bailed.
By law they will have to hold the annual meeting within a certain time-frame after the last meeting. I just do not know how long they can extend it by law. On your other points, I completely agree.
The nonsense that CLF has an executable plan to enhance shareholder value is just that, all #$%$ in my view.
I fear I am stuck with CLF for awhile until I get back some of my YTD losses.
While I appreciate SURF's analysis and comments, I think his hopes for the company are way overblown. One day he may be right, but I won't wait for that decade to come (just a joke on the lengths of time).
My views are known by this board about a slower China and its smaller stimulus plan, along with much slower global/macro growth issues for Japan, Europe and especially the USA, along with a host of problems related to CLF alone.
CAS is the only way this stock recovers.
We have different takes on this, both from a global/macro perspecitve as well as what it all means for CLF specifically. But, that's okay.
So from the time that you are diagnosed and start to receive treatments, add those costs to the cost of a transplant surgey, not including the mental costs from the worries and fears of the disease, also include the costs of bringing this drug to market (about 15 years), along with the costs of all the failures that happen when a drug never makes it to market, and so on, and the price tag does not seem so bad.
I may need to take some of their drugs before this ends.
One would hope for commentary by the company.
Why will it happen after the 5th earnings beat? It goes to my post last week: China's stimulous is mini. Japan is in a free fall. Euorpe is a big question mark.Our GDP is 1-5 - 2%. Worries of new supply coming to market, etc. On top of that you also have all the issues specific to CLF, seperate from the sector.
I wish you are right, I just doubt it.
I had to leave for the day after my last post. Just now catching up.
There are people on this board we can all debate with. Than there are people like you who we are either to simple or too stupid to debate. This seems to be where you reside.
Amen. Some here still think CLF outlined a favorable strategy for the company. Well, if WS believed that, CLF would be going up. All the debates among us are a joke at this point.
CLF strategy is not working now, nor will it work 5 years from now.
Remove and replace the idiots running this company.
Sell off whatever needs to be sold off, even at a loss if necessary, because sometimes this needs to be done before the story can change to something more favorable.
The most ridiculous argument here is the one on debt. Face it, the debt is largely why WS doesn't like the company. Debt that produces an income is okay. Debt that is a drain is wrong.