putting that 187 million in tax losses to work! mid teens coming
keep hearing its GOOG that has made offers for DATA
either way there are multiple interested parties trying to get this valuable company for the huge potential market its in.
Monsanto doesn't want their competition to be able to create new seeds with this technology and compete with them! BASF and SYT and DD all will want this technology advantage to themselves. Bidding between them to get it.
it would put them under!
low 50's today
the fact they are using credit line to continue repurchase of stock and inventory build should be the real red flag at a time when sales are slowing.
reading through the conference call on FOSL it sounded dismal at best. The cash flow is being used up and added leverage taken on to restructure and buy back stock to keep the numbers up in light of sales falling in Europe and Asia both. They mention sales through outlets and I think they are dumping and discounting to move inventory. It did say that they will not be buying back as much stock going forward as i'm guessing they don't have cash flow or debt capacity to continue with aggressive repurchasing. They even admit that the clarity for the third quarter is weak.......I didn't see anything positive!
they reduced their EPS guidance for the year to 4.80 to 5.60 from 5.25 to 6.05 on expectations fro continued currency volatility. What miss information are you pushing!
downgrades tomorrow and institutional holder will unload, embarrassed to show on their wrist and in their portfolios! lol
can you say bloodbath
they are unloading for a couple reasons and doubt anyone else will jump in here. First the competition is coming in the midwest with the completion of the big nitrogen facility in Iowa which will be up and running next year. Second RTK who own 59% of RNF needs money badly and was behind putting it up for sale while the numbers looked good. Speaking of numbers I think this quarter that was just announced is likely the peak in earnings for a while. The bad acquisition made by management of the Pasadena, TX company strapped RNF with debt and ended up not providing much to any earnings. This merger is the best thing that could happen for RNF shareholders.