Friday looked like the market maker or makers ran a stop loss at 12 bucks to start off the day and get some cheap shares. Then they ran it up a quick buck, the market maker sold the cheap shares at or above 13 then the day just settled down and didn't do too much. Pure market makers manipulation. The only person who got screwed was the person with a stop at 12 bucks.
And they make 2 million a quarter. That is so pathetic. Thats one sixteenth of one percent, wow, thats awful. Better off hiding it under a mattress. And yes I am a bitter ex bag holder. I sold and bought ADP at least they pay some kind of dividend.
Kind of neat to think that Abe Lincoln could have opened up a account at this bank. I have a good feeling this bank will be around for awhile. Been through much harder times than this. I've owned since the IPO and intend to just keep reinvesting the dividends and pass on to my kids in about 25 years and hope they do the same.
Big short interest plus company stock buyback plus great growth and earnings will eventually pay off. How long do we have to wait is the question?? I was supposed to be really rich by now. I'm getting #$%$. If this company was American and run by a media darling like an Elon Musk, it would be a thousand bucks a share. They don't trust the Chinese.
I don't mean to brag but my relative knows someone really high up in this company and I got the inside scoop. My relative knows someone who knows a truck driver who says he is non stop busy. Record month after record month. Not exactly "blue horseshoe loves Endicott steel" stuff.
I bought a few thousand today at 12.66. I've been watching for quite some time. A relative of mine is in this business and he swears these inverters or whatever are the best thing out there. I like the high institutional ownership and the predicted growth rate, the high short position also is nice. I'm in this this for a quick hit. I'm selling at 11 or 20 , whatever happens first.
Last year at this time the experts had yy earning 1.75 per share. We came in at around 3.20. They seem to be behind the eight ball on this one. They have the company earning 70 million more this year in Q1 but only think 11 million of that 70 , makes it to the bottom line. I think more than that. We will see, I'm no fancy expert. I've been long from the get go.
This stock has a definite history of running up before earnings. After earnings are announced it goes the other way. Thats the way it has been for awhile. Now I'm long and hope it breaks this disturbing pattern. I'm looking for 5.50 eps for the year. Big short position plus stock buyback makes me think we are overdo for a big run.
Thanks for responding. When the state guaranty steps in , isn't that costing tax payers??
The government has no choice but to approve rate increases. If they don't and GNW goes bust because of LTC then the government will be on the hook for a lot of this mess. Is that mostly accurate?? LTC insurance was way too cheap 10-15 years ago, is still too cheap to even come close to making money. My mother had a home health aid for two weeks who kept falling asleep on the couch. The bill was like 3 grand for a 10 dollar per hour girl who couldn't stay awake, too funny. We fired her. What if my mother needed them for 2 years instead of two weeks. Big money.
The low of 64.21 today. We were trading 65.50ish then one trade at 64.21 then 65.50 again. That is a brutal fill on a market order.
Whoever runs this stock should be arrested for stealing. You watch this stock trade up or down 75 cents or more sometimes on one trade. The next trade one second later is back where it started, crazy. I used to work in a business where the spreads were five one hundredth of a penny wide most of the time , sometimes one. They must rake in the dough, good work if you can find it.
The "experts" have the company making 275 million more and about 11 million making it to the bottom line. Crazy. If they do 865 or whatever in gross , you can count on at least 2 bucks or 110 million making it to the bottom line. That puts us over 5 bucks EPS for 2015, and I feel even that might be a little conservative. Good luck to longs. All 7 million of you shorts better prepare for the inevitable.
Q4 was nothing special, no quarters are. They pretty much meet expectations every time, no huge surprises either way. If interest rates go up it may help the banks a bit. Improve the yield curve. I appreciate your comments and wish you luck.