I believe creditors will be paid before common stock holders. They have no equity if fact last i looked a cumulative loss of over $9 per share.
All these wonderful assets are exceeded my greater liabilities. How are shareholders going to see a dime of it? So you sell some real estate. The company is indebted for greater amounts. Please explain. I'd like to understand.
Thank you. Makes me view my new short position with greater confidence that it is the correct action.
As of 11-1-14 shareholders equity dropped to $110 million from over $2 billion a year earlier. The company has lost its ability to generate a profit. No income or assets available to shareholders. Worthless but selling for $36. This has to be one of the most overpriced equities in the market place.
Mark you should add direct quotation marks to your second paragraph and identify the author.
icahn you are referencing enterprise value like it is a valuation of assets. It is not. On the contrary. Enterprise value is the market of shares + debt. If you bought the company in its entirety that is what it would cost to buy all the shares and pay off all outstanding debt.
I was about to point that spelling error out myself but you beat me to it. L.O.L. That's funny "Delusion."
Just read a headline congress may put sanctions on companies that help Russia drill for oil including XOM.
I looked at pv-10 of exco. Why did all the billionaires invest at much higher prices? $17-19 per share. As an asset play it does not look like a pie big enough to share. I understand they dreamed of selling l.n.g. overseas at higher prices than domestic, but they have to compete with companies like gazprom.
As Jerry Lee Lewis sang "Yea baby that's what i like". I love buying great companies at cheap prices.
Last time i looked at batteries for a car they were selling for over $100. To store enough for a house you need a large bank of multiple batteries.
I'm referring to cash flow in financial accounting. Net earnings with depreciation added back in. eTrade has a screen that shows 2014 net to be .92c but cash flow $7.73. 2015 net -.04 but cash flow $6.88. Standard and Poor report does not list cash flow. If these figures are accurate the shares are being given away.
Thank You so much,
Any idea why they show so much depreciation. Cash flow is much higher than earnings.
I believe you brother. You are going to make so much money!
loper I hate to hear about your trade. Let me give you a suggestion that should make you all the money you will ever need. Get a copy the book, "An Investor's Guide to Understanding and Mastering Options Trading". Author Bill Johnson It's subtitle is "Generating Steady Profits of 100% in a 10% World". You can safely make 40% or more per year with little or no risk. 2013 my portfolio grew by 111% using the techniques in the book.