The way it works is that anyone under obamacare is subject to verifying basic health. What is occuring now is that people scam the system with phoney illness. This program would verify the individual's basic health via a phone ap. using your fingerprint or other verifying measure. How it works is that if the patients basic health readouts don't show any signs of the illness claimed the patient comes under further scutiny. This is a bunch of college kids. I kinda think they're onto something.
There MUST be other reasons for the short holdings other than plane old mess'n with the stock. Let's face it. You can't just blame all the depressed price on shorts.
Company seems to be headed in the right direction, but people calling for it to move to 12 fast or even 22? I DO believe that once Obama is out of office that we'll see a tremendous move up in the markets. But until we get closer to seeing who the Republicans offer us we might just end up with Hillary as all the deadbeats vote again. In which case, welcome to another 4 years of 'Obamanomics".
Knowing how our government works I wouldn't be surprised if in a couple months this all blows over and the government steps back in declaring all is well. The government LOVES backing losers and wasting our money.
What kind of a timeline do you anticipate for returns? Just asking. History of the stock seems quite slow to return. Jim
Ya Huff, was counting on the news of the takeover to cause it to zoom over 40 before SDRL. And I did classify it as a guess afterall. LOL. How about RAX hitting 45 before SDRL? Whoever picks up RAX will outclass the rest of the competition in that sector.
looks to me that CMG knows they can't stop the higher wages that are coming for those that work under their banner. So the only way to counter it is to 'fix' some of your costs going forward. Making deals lasting years in advance with food producers is one way. Hence the 20 million pounds of produce from local farmers. Local little farmers will make deals that won't address their own needs a couple years out. Little guys make bad deals. They get a 'carrot' waved in front of them and make deals based on current or short sighted thinking. Only way to control price is to control the whole operation as much as possible. Obamacare has seen to the medical costs related to these cheap labor jobs. Of course we all pay for that. Whether we stand in line for a burrito or never visit a CMG outlet. Owning the farm the food comes from or owning the rights to the food grown there are one aspect of controling price. Owning your own building where the product is sold contains costs and greatly increases the chance of controling the fixed costs. Buying up all the businesses related to your business like the tortilla maker will help to control costs. In the end you can only go so far. We're looking at a 10 dollar burrito plus a 3 dollar drink. The food business becomes a very bad investment once the profit becomes less than 6%. Grocery stores operate on about a 2% margin. Many groceries have allowed banks, Starbucks, deli's and pharmacies to operate within them to keep the doors open. What I've seen going on at CMG is to add more rice or less meat to the burrito. If you can't maintain a quality/quantity product AND keep your prices stable...............you fail.
Stagg, I posted over 6 weeks ago that energy was the play going forward. Funny how you forget anothers opinion.
The price here is pretty 'PP'. The last 6 months have seen things more or less improving. Yet, the price of the stock languishes. The price better start reflecting an improvement in the stock, or I'll be selling soon.
People are heading into 'safety' stocks. People who like stocks don't want to miss out on an unexpexted rise. Yet they don't want to be exposed to much risk at this time. Happens, and will happen from time to time. Energy is strong and oil related stocks are doing just fine for the most part. Still think WLL and CLR make very nice long term holds. And at a minimum should see a 20% gain in the next year. And 40 to 80% isn't out of the question for them.
Mark, my post a week ago pointing out the giant sucking sound of money leaving the markets didn't get much notice. I gotta laugh how the DOW can hold its level while so many other stocks get raped. Just a guess, but I'd be willing to say that at least 25% of all stocks have lost 15% of value since the start of the year,. While Washington D.C. is the new 'Camelot', the rest of the country is expericing Detroit. How CAN the country turn things around while kids are taught in school that man is the vermin on the planet? Overstated? Not really. More government regulation. More debt. And a guy in office with a pen and a phone, but no good answers. The argument to the truth has got to get past the labeling of being a racist or bigot or whatever if we're ever to get this country back on track.
Why would any management buy their own stock as it continues dropping? Wouldn't they just be smart to let it go way down and then buy up a ton of it?