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magicJack VocalTec Ltd. Message Board

jeffbraisted63 2 posts  |  Last Activity: 22 hours ago Member since: May 11, 2011
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  • Carryovers so now the shell has nothing worthwhile except some phantom properties they have hidden in a closet or something?

    Sentiment: Sell

  • jeffbraisted63 by jeffbraisted63 Feb 6, 2014 9:53 AM Flag

    If they were hedged at $1.20 they could take delivery or resell the derivative for almost $4 is the spot price for propane now in the Midwest. The farmers used a ton of it to dry their corn so they could sell it to the Ethanol producers and now they are rationing it to the poor people to keep them from freezing in their own homes. If they have not hedged then the next quarter numbers are going to be horrible and no money for a dividend. Plus they have problems they stated in the last letter to shareholders with the cracker and it will be down for a week.

    Sentiment: Strong Sell

19.90-0.2300(-1.14%)1:24 PMEDT

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