This is what they were banking on. Anything else will take years if not decade and they'll need to steal additional funds from investors to continue. Just glad I reduced my risk by cutting 70% last week when it recovered above $2.8 from $2.5. Time to move on and get whatever you can for this instead of bottom fish something that has close to zero value now.
Haha good luck with that pattern.
I just day trade this and just got rid of this at $13.92 with what I picked up at low $13.
They tend to go a lot higher whenever I decide to bail on a stock, so this is probably zooming up to $15 today.
That's just stereotyping. China is booming and you don't know how many tourists and investors are coming out of their country these days. Also a fraction of 1.3 billion people still stands quite a number.
Anyone knows why it took so long for this to be available in China? Also with the large population they have there how does this impact their revenues and earnings outlook? I don't think the current estimate already has China in the plan?
This can still go down short term but if you are not on margin and not going to flip for a few pennies I think it's a good hold for $18-$20 in a few months.
New all time low!
Numbers are getting interesting though. They acquired X+1 for $230 mil and still has $100 mil in cash?
So it's as the entire business is being written off at this point...
It's hard to imagine where this will be if DOW starts to crash instead of breaking upward through 17000. At this point this can go easily to $10 as well as $18. Put your bets down!
Forget about the 3 day rules, this is about to go on a 10+ day losing streak!
Compare to RDEN earning report and future I think RDEN is as bleak as there is yet it bounces right back after 1 day sell off but this one just keeps dropping...
"in a few months the cash at hand will be gone." - How's that possible with this company still projected to make $ through next year though much less?
Of course they are worth a ton.
Company executives usually receive options that are well priced below market level and RSU options are even better in which you will fetch whatever at market value.
When a stock tanks 10 times as fast as it rises on a given day, it's not a good idea to pull the trigger unless you're absolutely sure that is the bottom...
We shall see if this is over or not in the next few days.
I've seen how panic drove down BofA down to $2 so it's hard to say where this is heading short term without any positive news.
Lol I'm still trying to understand the whole situation here.
I know enrollment has been in decline for years and that's why the stock sat at $14 yesterday.
What I fail to understand is that there was no apparent pop in the stock when they annoucned the sale of the properties so why such drastic decline when the deal fell apart?
Also why are people acting like there would be no future sales of these properties given the fact that ESI walked way from the extenstion period?
This whole thing is pretty bizarre.
1. What is the impact to ESI if the sales do not occur? This was at $14 so seems like investors are writing off ESI of the sales do not happen.
2. Why would ESI walk away from a potential deal if there are no other propsective buyers? They still had a chance if they stuck with it until Sept 15 but instead chose to termintate it?
Are the numbers listed on Yahoo even remotely trustworthy?
It says that this company is to make more than $2.5+ this year and $2+ next year and has 200 mil in cash but the market cap now is about 200 mil which values this business at zero?
Well it's $10+ drop on more than a million shares now, conviced?