There was some hope (though hope against hope) before the oil plunge but that has gone now.
As for emerging market meltdown, the situation is somewhat different as most have better reserves, naturally not Venezuela, more borrowing in local currency rather than dollars or Euros and interest rates are much lower. But, in a panic when a huge economy such as Venezuela or Russia goes under, the good and bad will burn equally.
That said, I believe the FED will not touch the rates for a good while now.
Thanks a lot
I guess it is just a punching ball for now as they provided sound Q3 results, record production and expecting higher production with ample liquidity to weather the storm.
I understand they have hedged for 2014 to 2016. I will check their last report for hedging details.
I may very well start a solid position at the end of today.
Could you explain your bullish view on DO?
It has fared much better (less bad!) than the rest of peers and I am wondering why!
That's not the point.
THe question is why the stock price is holding up so well on such a huge downday in the market and despite missing earnings, falling sales, miss on all fronts, lower estimates, Forward P/E of 55 and what not?
I am just a sideline observer and trying to work what is behind the price action!
Otherwise Venezuela would not be able to pay them their dues on country potentially going bankrupt due to falling oil prices.
So the judge has ordered!
With so many beloved shorts on this board and even more paid bashers led by the ever stubborn Michael Blair on SA, I just wonder why none of them takes up this opportunity to hammer the company?
Is it because it's all full of hot air?
This is and has always been the game.
Just sit back, relax and if there's any major pullback, add more.
Been doing that for the past decade, never cared what WS analysts say, never listen to losers like shepskinner with their one-line nonsense, and never ever buy/sell on CNBC or Cramer bump or dump..
As for the pullback recently, an explanation could be supply chain issues.
I would be more worried if demand was falling off the cliff, but it is holding up far more strongly than most had expected. As a result, some may be thinking AAPL won't be able to hit the targets for current Q.
If you a trader, I understand your dilemma. If, like me, you are a LT investor, this is nothing to worry about.
You only sell when the story changes - has it changed for you?
And you got that from Yahoo, didn't you?
Doesn't it also say Co expected to increase Rev 20% annually for next 5 years?
All these matter ziltch, otherwise AMZN would be at ~$1.
Mk't is punishing CRUS for lower margins despite Mgm't upping their Rev guidance for Q3: 265-285M Vs. 226.53M expected.
This will be a huge turn-around story in Q3 with diversification coming in full force
May I ask why you rate the stock "strong buy" and at the same time doubt the Mgm't?
This just doesn't make sense!
In fact, I wonder how many long-term investors bought the stock for the Ebola factor?
As far as I am concerned, that has been a disruption and has weighed negatively on the stock so far.
You want to see ridiculous? Look at CHS earnings and then the absurd pop in PPS!
TIF misses on all metrics and hey its PPS is UP!
Just go with WS crooks, earnings do not seem to matter!
I found this which shows basically no change:Cash, short term and long term investments ended 2Q14 at US$1.15 bln, representing 42% of the last twelve months' revenues.
Of this amount, 46% is in Venezuela pending repatriation due to government currency controls.
The important point is the money tied up in Venezuela.
Of their total "liquid" assets of $1.13B, 46% was still in Venezuela.
Do you know what the figure was for the previous Q?
That may shed some light on the trend.