aside from the dividend, there is no reason to rush in here. There is no pricing power. Stock going down to below 25.
Buys into a fertilizer company and sends them all up. The next day after he announces, all the fertilizer stocks down 20%+!
The only one not is the one he bought into but it is still down.
Potash said to be going down $100 per ton.
HE is not suicidal. I'm sure he has a point where he knows he MUST cover and Carl Icahn is smart enough to know how to keep pushing the button.
This is market manioulation at its finest but there is nothing anybody can really do; Ackman did this to himself.
It just shows that Ackman thought he had power that he doesn't have; just say something about a company and 1)people believe it(obviously not so anymore) 2)somebody bigger and smarter can see more oppurtunity going against you than going with you(carl ICachn)
Heck...the amount of people CNBC has on the floor of the exchange makes up the majority of people there. It's like the Wizard of OZ, just machines behind the curtain.
I found this guys arguement very coherent on CNBC today. Not saying I buy it, but the only one of late laying out an arguement against this ridiculous market.
Not so shocking was SHOLE Scott Wapner being a smug SOB as this guy perfectly lays out why and how dow 5000 could happen. None of them could disprove his scenario, just smugness and scoffing and exhaling...always the greatest arguements.
But then would anybody expect any less from a guy like Scott Wapner? What has he seriously accomplished in the investing world aside from REPORTING/ on it and reading from a teleprompter which any schmuck can do.
G-d forbid somebody say something that goes against the brilliance of logical and sheep thinking that is CNBC and average joe. Never think ahead and connect the dots and go if everybody is saving nothing and globalization is eating jobs....then eventualy people are not going to have money in this country.
Carry the 1......
6. Company opening 20+ stores internationally over the next 6 months, Store count today is only 71.
7. Company ranked in the top 5 of BRANDS teens were likely to buy earlier this year.
1. Internationally recognized brand
2. Sells 10M of its product every year
3. Company had abiity to initiate buyback of 300M over two years and be debt free.
4. Company could easily buy another 200M shares TODAY.
5. EPS expected to climb going foward as a result of BOTH growth and less reliance on sheepskin