I'd say about $200 on the very low side. About $250 would be reasonable. Close to 20 X the EPS estimate of $13.
Must have been some other sellers (traitors?) today as the volume is over 1.5 million. Crucify them all. If I'm wrong, I can handle it. Been doing this a long time.
Might give me a chance to get back in. Would be good to have a strengthened balance sheet. On the other hand, if they don't do a secondary, that shows great confidence in their existing position. I could see them selling maybe 50 million shares if they do pull the trigger. Might as well make it worthwhile.
Just my opinion............Kel
Numbers I wrote down at the close on Dec. 31......
Kel...................holding AGQ (2 X long silver)
I agree........have had concerns with AAPL for a few years. How do you "replace" $200 billion of sales every year? At some point in time, you can't innovate new products that consumers "must have" at that continuous rate. The rule of LARGENESS has no immunity. JMHO....
Are you a coin dealer? I buy 5 or 10 oz. bars for $2 premiums. Not in the last 6 months though.
C........did you know that ETJ holds some long put options to help protect against bad market tumbles? They covered 96% of the portfolio as of Dec .31, had 13 days to expiration, but were 4.7% out of the money. But, when the market falls, the puts will increase in value and the written calls will decrease in value. Not a perfect hedge, but a decent partial one with a very nice yield.
Am holding ETJ...................Kel
NASDAQ index will start tomorrow about 1% (45-50 points) if current prices stick......downers
Apple .....and many of its suppliers
Buffalo Wild Wings
Others like Facebook, Amazon, Google, etc. that follow along.
Am still about 70% in cash.............Kel
What would be the "new opportunities?" Hard to find any bargains out there. I'm having the best luck finding cheap stocks in the biotech / generic drug space. I bought some PRGO yesterday so I won't pump that. Am looking at MYL, another generic drug maker. Very cheap based on '16 and '17 estimates. Trading around $44, well off its 52 week high of about $75.
For yield you might consider biotech / medical CEFs like THW, HQL (hold both) that pay nice yields. Both from the same "family," THW pays monthly, and HQL pays 1/4ly. Both are well down from their highs.
I'm not really comfortable saying buy this or buy that. Would prefer to say "I bought this," and state why I made the purchase.
Debt is relative to the size of the company, the annual cash flow, and the company's ability to service the debt. No problem here. Want to complain about high debt numbers? Just look at VZ, T, and GE........over $100 billion each of debt.
Briskit......we think somewhat alike. I took SS at age 62. Would have otherwise had to dig into my Traditional IRA. Now, in over 2 years i haven't made any IRA withdrawals.
Also getting a pension thru a Union that I took at age 55, nearly nine years ago, which was my earliest possible date for taking benefits.. That was a great move as several reductions in benefits have been made to those still not collecting benefits. Those collecting like me, have had no reductions in benefits. Just one fixed rate thought for the rest of my life.
Looks like I bought a little too early. Down a few more $$. That's OK. My position is small and my time horizon on this one is mid term.
Been watching for many months. Estimates for Q 1 were lowered to $1.71 - 1.77, was $1.89. For the full year 2016 the estimate is now $8.20 - 8.60. Was previously 9.52. Some pricing and margin concerns.
Pa............Swift Energy coming out of bankruptcy............Kel
SWN put a hedge on for 23% of its production for the rest of 2016. They are in a horrible pricing area though. Differentials way below Henry Hub.