danzo2, man you kind of lean towards being a bit paranoid. I had no ulterior motive for my post other than initiating some conversation about MNK. MNK is a stock I own and one that has been very volatile I plan to hold this stock for a long time, but day to day moves are interesting, and I have to admit I like up days better than down. I own 68 stocks and 8 etf's and mutual funds. I am not the least worried about MNK. But , it does seem very very cheap and I wonder when the marketplace will realize that. Now there is always the possibility that there is something about MNK we do not fully appreciate that is negative. I know their debt load is heavy. Generally I find that no stock is a pure no brainer. The market is not usually that dumb. I have been investing in stocks since 1992. Never that easy. Hey, I just like good discussion . Good luck all longs.
MNK looks so cheap by any metric. When does it escape this up and down malaise?
I am long MNK. I have never shorted this stock. Why don't you hammer the guy who said MNK was up 5% in AH. I was just reporting the truth. I just recognize that this stock is one volatile baby. And MNk does have one big negative going forward. they have a lot of debt. Now I think the company can withstand that as long as they execute well. Always risks/rewards to consider with any stock. Investing is not easy. I have been doing this since 1992, Made some mistakes along the way, but many more winners than losers.
No. Just have to consider MNK to be a very volatile stock for the time being. The biggest negative for MNK going forward is their big debt load. But, if they execute their business plan, then everything should be good. The stock is cheap imo. But with all highly leveraged companies, their is a risk.
I still like long term prospects
MNK is down AH 69 cents. Do not know what you are smoking? MNK is in trouble, though I too like the long term prospects.
IN a matter of ten minutes the stock first dropped about 70 cents from 72.5 to actually around 71.8. Then jumped up to over 73.00 before actually closing at 72.7. I have it recorded on my computer position sheet. Then all of a sudden at around 4:02 it suddenly was adjusted to 72.00, the official closing. I have never seen anything quite like that. Must of been like someone said, shuffling of sales and buys with the indexes.
What is going on??? I was watching second by second by someone shortly after the close.
It will adjust down during the next few days to a reasonable value. KO paid $71. $80 still a nice move upward.
stockholders may not desire to own the new entity. Might take a while to get over many holders
selling their shares. Especially for the company which got a premium and their holders wanting to cash out and take profits. This would put pressure on shares for a while.
Their best years may be behind them, they are a more mature company now, but that does not mean some good years are not ahead fro them. I am staying long.
I sold immediately after hours based on zero information. When a stock drops over 4% on absolutely huge volume, I sell and ask questions later. It is frustrating for sure. On the other hand, the stock has performed well as of late, that is before today .
Might not happen, but it might. Some see to think so at the very least.