Be aware that CS and DB sponsor many products like ETFs, ETNs, etc. If things REALLY got bad over there some of those "offshoot" products could be in trouble.
Added another 100 today @ 81.86. Watched it after the open as it weakened and just waited fr it to settle down. Didn't get the best price of the day, but a very good price anyway. I agree that things are turning around (albeit slowly) and positive sentiment towards GILD is slowly building.
Was looking through my "closed positions" for the year to date. Stumbled onto CASC and several others that were at least worth reviewing. Didn't remember trading CASC, but I trade many small biotechs so I thought I just didn't remember it. Well, I eventually stumbled into their old symbol (ONTY) so now I know why I didn't remember it.
Anyway, looks interesting with much potential upside. Also nice to see the addl cash raise to extend that burn rate out several more quarters. Bought some @ 97 cents.
Kel....................also holding GILD and ICPT.
Did you look through the 10-K dated Feb. 29th for the 2015 Fiscal year? Almost everything in there is ugly (really!). All the EPS must be nonGAAP and have come from amortization of goodwill from acquisitions, etc.
I did look at it a month or so ago and just had to refresh my memory why I didn't like it at that time.
Just my opinion.............Kel
Conserving cash at the "expense" of common holders. When they started doing this a few 1/4s ago, it had no negative effect on the common shares. The preferred will convert to common on 1-15-18. That is mandatory, so more dilution then as well.
I can't get a quote either. Showing yesterday's close only. Same for the Preferred (SWNC). Could be down a little with the share offering, but not more than 2-5% IMHO.
Well, they finally decided to do a secondary offering as natgas approaches $3.00 spot. OK, get it out of the way and clean up the balance sheet a little. Should raise around $1.1 billion if fully subscribed.
With GILD's strong EPS and Cash flow levels.........PFE could offer a stock for stock deal of $150 and it would probably still be accretive to PFE's EPS immediately.
Kel...........holding GILD, CELG, and ICPT
Maybe up 200 - 300 DJIA points as logical minds prevail? Just a thought. Brexit, however it evolves is certainly a long term process. Greatest fear for the EU is if other nations follow GB's actions and the whole EU utopian "idea" falls apart.
Just bought a little CSCO @ 27.79. Goes x-div early in July...........current yield about 3.70%.........Kel
Q 3 starts in a week. Many of the big companies were just recovering from the earlier effects of the strong $. Now, they may have to start dealing with that again.
Will be an interesting day for the entire oil patch. Oil really taking it on the chin, natgas not quite so bad. I'm about 45% in cash so a little bargain hunting might be in order.