and a fungoid like YOU needs to be cauterized from the universe BEFORE you infect any more unsuspecting species. I hope you had yourself neutered before it was too late!
Go read the article in Yahoo! about Aramark Holdings IPO. Good article. Pincus' family and GS getting set to soak up all the 401k money you've plopped down...and your mutual fund manager probably doesn't have a choice; his boss will TELL him to use YOUR money to rescue Pincus & GS.
They've got you by the BALLS!
Looks like SOMEBODY traded on INSIDER info. Call the SEC! Criminals, from top to bottom.
info re the field producing, info about $785 per oz production costs.
So, why has this stock dropped under a BUCK?
And how much time does it have before it gets kicked off the NYSE?
And how much debt is sitting on the books?
And how many cheap shares is management giving itself in bonus/options etc.?
Something BIG wrong with this company; I intend to find out what it is!
Ray, there is a NASTY trend in the Boardroom: Short-sell the company to a new low and THEN pay dividends in cheap shares. Although I think they have good management, I think you will see these extreme price swings EVERY TIME there is a dividend payment. I'll be just WATCHING. (And I - on PRINCIPLE - think that anything with "Barbados" in its title is a pirate operation.) They may be trashing 400 sq miles of the Congo, enslaving for cheap labor the human resources of an entire continent, they may actually be selling ingots to Lloyds, but they are doing great things for their own bank accounts FIRST.)
Ray, not going to argue this here and now...have to do some deep study, but, e.g., if I give you 10,000 cheap shares at $.62 and the pps normalizes to $,.93, what does that do for your cash position? I have SEEN this "preferreds" getting cheap dividend shares before - and it was ALWAYS at the bottom of the pps down trend - ALWAYS! ALso a little concerned about the 1.8 mm "short interest", I have to watch to see if that increases or decreases. I'll be around...watching.
I guess we can all give thanks to Clinton and the Commodities Futures "Modernization" Act that opened the flood gate for Hedgies and Shorts.
The take-out bid is $9...and it goes DOWN!?!?!?!?
I can almost guarantee that the future of BlackBerry is VERY, VERY profitable. Handsets will be selling for $1500 and ONLY the rich will be able to afford them. Very high end; Very exclusive.
Go suchk on another Apple-tini, Dumbo!
There are 1.8 mm shares shorted on this company. Probably hedgies.
Since it was in the news yesterday...and NO one has been talking about it in ANY media, you should consider examining the price action that happened when Stryker Corp announced its buy-out bid for MAKO yesterday. Bear in mind that there was 25% short interest on MAKO; in 1 minute the pps went from $16 to $29.50 - and EVERY entity that was jamming the pps lower with round-robin shorting GOT NAILED TO THE WALL! Today, major hedge funds and "short" index funds were liquidating holdings just to meet the margin calls from that HUGE loss - across the board! And there will be redemptions of those funds. And within the month we will hear about this or that fund closing up shop.
And why so much shorting on little ol' MAKO? They thought it was a "safe" short; not yet making a profit. The vultures came in droves to a feeding frenzxy - and got SLAUGHTERED.
Finally, wherever there is "short" gaming of the stock, if there are NO buyers, the "short" will murder the pps.
MAKO's buyout bid, $29.50, hit and stayed...and this labyrinth of margined puts and shorted calls acts like a Credit Default Swap on Lehman's books!
Man oh man, there must be some VERY whacked out paper out there on this one.
I don't care what you think because you can't think and if you could think you wouldn't give this sentence a second thought.
assume the position.
Since the world is here to entertain the Pincus Clan, The Freres Clan, the CCA alumni et al., I suspect Mark is aiming for a chair on the Fed.
unaudited financials. GAAP shows trailing 4 quarters earnings as $0.11, not the $0.48 seen in !Yahoo. Without significant improvement, they will have to cut the dividend and institutionals do a lot of whining when their teat is drying up.
At 20 times forward earnings, it is no where near NFLX or AMZN or any of the multitude of blown-out valuations. There's massive debt eating those earnings and even more massive COSTS to bring the other operations onto the production line. Mgmt "sounds" like they have a good handle of their operations, but you are going to see VERY small eps, which will in no way ease the 20 x forward multiple. YEARS before any dividend for "shareholders". In a market facing significant downward headwinds (Congressional budget games and global slowdown), pushing a P/E of 20 through the next 8 quarters will be tough. The pps will probably take more hits, and the only way to keep their NYSE listing is to get back above a buck, and the only way that can happen is a Reverse Split, which will put MORE downward pressure on the stock. Summation: Don't try to catch a falling knife.
I am an old man, with fixed ideas about how things should work. With that caveat, I hold a number of negative sentiments regarding most of the IPOs in the last year (generally) and Twitter, specifically.
(a) Yahoo! had IM (instant messaging), and they have not YET transported that model to mobile. Were they to do so, Twitter would take a hit on its customer base.
(b) Twitter is showing decent ad revenues, enough to sustain its forward momentum; there is NO reason to dip into the public trough to bankroll it. Therefore, this IPO smells like another Wall Street heist, a la Zinga.
(c) Massive infusions of cash to TWTR will NOT produce a ROI for anyone; it will allow the private backers currently holding controlling stakes to get a VERY nice return on THEIR investment.
(d) The small investors, just like with ZNGA, will NEVER see a dime in the way of dividends; Nor will they be likely to survive the feeding frenzy of the IPO.
(e) If you are thinking you can play "Fast-Buck-Freddy" and snag a quick in-out at the offering, I must categorize you as a "gambler", NOT an investor.