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.
What about the FED? Now that the time is here for action......the FED comes to the gunfight with no bullets in their gun.
Like I said then.....INO is a company, NOT A RELIGION. Those that are trying to portray INO as the answer to nearly every non met medical need are doing a disservice to sensible shareholders. INO is a good company trying to solve some medical problems for the world. Give them a chance. Back off on the hype.
Now up a whopping 38 cents. CELG also giving up most of its gains. Much happier with ICPT.....up $6.00+.
Kel................holding all 3
Added more @ 4.64. Pitifully low volume today of around 260,000 about 2.25 hours from the close. CCXI is on everyone's "ignore list" today I guess.
I haven't touched them. They may have the potential of moving up 10 - 20% on an oversold rally for nimble traders. But, I think they may have entered one of their long term down cycles. Remember the "value traps" that the off shore drillers were a few years ago with the still large EPS estimates and healthy dividends.
Just urging some caution.................Kel
I read that story. Rather poorly written. I did like the 90% market share and the WW dominance. The author seemed determined though to offset every positive with a potential negative.
Kel..............still holding GILD, CELG, ICPT, and CCXI
Will be watching closely how the stock does after the x-div date. May pick up more shares if the price over reacts vs the NAV. Will mess up some account values as the 82 cents will come out of stock value, but won't be paid for about 7 weeks.