Zack's projected EPS at $.52, which is what RSG reported. But, I see yahoo posted stories that says RSG missed by a penny, and that they guided lower.
My disappointment was that they didn't comment on Cascade acquiring a large chunk of the shares. I was hoping that they'd reveal what ramifications this may have, if any.
I went in the other direction. I think yesterday afternoon's bounceback was a false rally, so I bought the Nov $8 and $9 puts. I didn't time it well, as the stock jumped up a buck after I bought the options. I had been bullish on ARCP, but I think in the short term we'll see some funds exit the stock. We could both do OK. I might win my November position, and then the stock may rally in time for your December position.
Good point, Bill. Certainly, what happens on Thursday will play a large factor on RSG's short-term performance. With lower fuel costs, the recent Rainbow acquisition, and the opening of two new landfills, I've got my fingers crossed that we'll get some good guidance. Say, do you know whether the announcement will be before the open or after the close?
Bill, $40 by Friday is certainly do-able. We closed today at $39.34, so we're only $.66 away from the promised land, with still 4 more trading days left. Even if we don't hit our target by Friday, it'll happen soon.
The long range for RSG is fascinating. By my calculations, Cascade owns about 1/3 of the market capitalization. I figured they would keep buying until they hit at least 50%, but they stopped buying at the end of September. The big question is what does Bill Gates want to do with RSG?
The so-called "experts" and "analysts" have price targets of at least $20. Barron's recently said BAC should increase 50%(and that was when BAC was at $17.50). I know it's not going to zoom upwards overnight, but we shouldn't be stuck in the $16.60s either.
It seems that the share price should be doing better. We've seen several $20 price targets. We should at least be at $18.
Sounds good to me. The Credit Suisse analyst thinks that SPLS should buy ODP at an 80% premium. I don't know how he calculated that figure, but I'd gladly take $9 per share.
What happened? I'm not used to seeing that kind of activity. I half expected the huge morning selloff to bring ODP under $4. Maybe somebody is reviving the SPLS buyout rumor.
The rest of the market has been getting crushed, but FCEL has been nearly flat this week. Of course, that doesn't change the fact that we got killed last week. If the market rebounds tomorrow or Friday, it'll be interesting to see where that takes us.
Admittedly, I'm not sure I understand the ramifications of a shelf offering, but I'm supposing it's good news. As Cal mentioned, this isn't something that PSTI decided overnight. The insiders recently have been buying, and they wouldn't have done so if they thought the shelf offering was going to hurt us. It's the opposite of what happened this past spring. The insiders starting dumping, and then PSTI released a proxy statement saying they were going to issue more shares. That's why I've always thought it critical to watch the insider transactions closely.