ODP was at about $5 when the CS analyst said that SPLS should pay an 80% premium. By those numbers, we still have more room to run.
The good earnings report was beautifully timed. If it's true that SPLS or somebody else wants to buy out ODP, the price tag just got bigger. Buying a profitable company is always far more preferable than to buying a loser.
Excellent post, bud! I was wondering what the status was. Interestingly, when construction began, CLMT was at the zenith of its pps, as we touched $40. We all know what's happened since then, but a big rally in the next month would be the icing on the cake in advance of the ribbon cutting ceremony.
It looks to me like your post was premature. FCEL is now green.
Giddy up, CLMT! first time in 19 months, we finally got a tailwind. If our costs were cheap last quarter, it's only getting better this quarter .Let's get back into the mid 30s!
What's weird is the stock price dropped about $.30 after the announcement. We briefly were trading over $39. The news story looks huge. I just wish they could've added some $$$$ figures so we'd have an idea as to what RSG might earn from their construction efforts. It might drastically change the guidance we were given last week for 2015.
Those are good replies. However, the big inconsistency is that for a few years, they had a history of raising the dividends every quarter. This abruptly stopped in the summer of 2013 without any explanation, and then we started getting a string of quarterly losses. For the past year, we've been left to speculate that they might have to slash the dividend. If Jennifer had told us what the plan was last year, she could've saved us a lot of anxiety, and the share price might not have tanked 40%.
This is the best I've felt about being a CLMT unitholder since early 2013 when CLMT zoomed up to 40. There's really no reason why we can't have another sustained rally.
The longs won a nice battle this morning. The profit takers and the shorts took us down to $6.10, but ODP bounced back strong. The raising of the price target may be helping us, too.
This is the best report CLMT has released in over a year. The coverage is 1.4. Excellent! I think we can finally relax that the dividend is not in danger of being slashed. I assume the current quarter is off to a good start as oil prices continue to fall, which lowers CLMT's costs. I think the runway is now clear for us to start looking forward to CLMT being able to implement all its interesting projects. GLTA!
Here's another good reason: The rescission of the Cole deal means that ARCP will lose $700M in cash flow PLUS the fees associated with the mgmt. of the assets.
This IS "real stuff." If an officer of a company makes a material false misrepresentation on a sworn financial statement, a crime has been committed. The FBI should investigate to see who else is involved.
I'm thinking/hoping that we've put the bad news behind us. Until copper prices rebound, we won't come close to our 52 week high, but we should least get back to the 30s fairly quickly.
Well, Bill, the thought occurred to me that I could've sold at the open in the mid 39s and netted a small short-term profit Further, it's a reasonable scenario that I could also probably buy it back in a couple of months, most likely at a 10 to 20% discount