I'll terribly rehash a quote by peter theil;
When you buy a tech stock you aren't buying their current valuation, you're buying what they can become and this merger has greatly increased what they can become in the future. Quit looking at quarter to quarter and think long term.
again gravely misquoted but you get the idea of what he is saying.
Hence the comparison, I think thats just the way he operates his companies.....If there is down time he'll tell you in the quarterly report....Seems like malpractice to me but I'm a rookie in this regard. Regardless I still think this will be good going forward, just another bump in the road
If you follow the history of the company, despite the downtime being well known in advance and scheduled maintenance investors flee every time as if the plant exploded. I can't see how 3rd quarter will be any different. Would I love 20, sure but end of year I think we'd be lucky to get back to 15 level......just my thoughts
The broader market has been down the past month and a half by about 3% and SAN's beta is 1.5 so I wouldn't contribute this event to the recent downturn.
On top of that another report read that only 1 quarter would be more shares and the rest would be paid cash so now you'll be paying 20% spanish withholding tax on 3/4 of the 0.20 Euro dividend.
I bought more at 8.88, I didn't hit bottom but after yesterdays gain I'm happy I got in when I did.....Still holding a 17.80 average price for my shares though so a long way to go for full recovery