Not sure, but we were in Lowes today and wondering why CREE only sells in Home Depot? It seems like they are pigeonholing themselves. Also, we drove by a new Walgreens and looked at all the Cree bulbs being used to light up the inside of the store. I still feel like that news went unnoticed.
I have a feeling that some great news gets released Monday morning. Market was weak Friday but Apple seemed rather strong. I bought a bunch of $101 weeklys just in case.
That was probably the dumbing thing an "analyst" could say. Apple obsolete in 3 years...the company generates almost $40 billion every 3 months with an extremely loyal following. I think there is more to come than just a new Iphone and watch. I think we see a surprise product/announcement in a month.
Looks like Piper Jaffray agrees with your sentiment as they announced today that the downward decline in Conn's is "unwarranted" and they reiterate their "overweight" rating with a $59 price target
If you look at the trades that went off around 12:43 EST today, you will see some major purchases went through. The price went up over $1 however it came back down. Go to nasdaq's website and view the trades from 12:30-1 and look around 12:43 and you'll see what I'm talking about. Some look like 100 share blocks but if you look at the time, to the second, you'll see about 30, 100 share blocks were bought. This is just one example. I would say about 100k shares were bought in that quick surge in price.
Was anyone watching the live ticker when this happened? I happen to catch it and my TD app was showing the bid/ask flying all over the place. Hang in there as CONN has been beaten down on other retailer's news. Nothing bad from CONN yet to warrant the big drop.
Also, 42% of the float is short. I think we could see a big squeeze on any sort of positive news from the company. It would be great if they came out and reiterated the current quarter's estimates.
I just looked and 42% of the shares are short right now. Wow! It explains the the downturn and I think a short squeeze may be inevitable. Especially, if they give mid-quarter numbers.
Sentiment: Strong Buy
Looking at HD's website, I searched LED lights and Cree is the first to pull up and it didn't say anything about being "overstocked" like other LED bulbs do on the website. AND why are people not paying attention to the Walgreens partnership!? Cree will be supplying their lighting on all new stores and I bet will be replacing old lighting in the older stores with LED lighting.
Partly true but they are burning through cash and if they have $37 million and are going to pay .10 dividend...that equates to about a $35 million payout. Prices really need to sky rocket 30% or more. Otherwise, they will be digging into their credit lines to just survive.
Here is a link to a good article (if you don't trust the link, which I understand, than simply go to Yahoo Finance home page and click on the spot gold price. It is listed there) Most analysts do not believe gold will continue to rally and that it will average around $1,000 an oz. The 12 year precious metals bull run is over people. The US economy is back on track. Enjoy these pops because these prices can drop quick, ie the $100 drop a few months ago:
Looks like SLW is almost all out of cash and they have $1 billion in debt....they better hope metal prices don't take another leg down or another one of their miners they stream from gets into trouble. They seem like they are skating on thin ice with eps down 50% from last year and revs down 17%. With huge debt, virtually no cash, and dwindling eps & revs; they better hope metal prices start to sky rocket by 30% in the next few months...I doubt that happens.
Talk about a swing and a miss...I mean SLW swung for a pitch that was thrown out to left field. .20 eps vs .25 eps est and $166 mil revs vs $189 mil revs. Yikes!!!! The only thing that will save this one tomorrow will be the price of silver soaring tomorrow.