along with the assets, came a dilution in the stock and some of the debt. It's not a free ride. We'll see how things work out in the next earnings period. I'm long and will hold this until I find out what's going on.
At the moment, my brokerage isn't showing the GLPI shares.
RIght now, it's on the high side of the fluctuations. (look at the 2 year chart). Summer is fast approaching. the S&P is starting to drop as the "sell in may and go away" crowd is going to start selling soon and volume will drop.
I'll buy below 150. thank you .
would I be right in adding up the following:
11.66 + (.85 X 32.8) = $39.48
Where 32.8 is the price of GLPI and the total would be your current holding value. ??
The plant shutdown and strike happened around xmas time. Those events will be reflected in the report coming in a couple weeks.
Last quarter was Horrible with profits down to only 11 mill and some change. I'm long on this stock and deep in the hole but I don't think this quarter is the one that's going to shine unless the analysts are excessively negative and we get a surprise to the upside.
2nd quarter, without those bad events should be much better. time will tell.
That profit has to get up to the 26 mil level that it was previously. Look at the income statement and you'll see.
I would think it would take a rest for a little while. after all, the "analysts" are calling for a price of about 38.
So I'm thinking they made those predictions before they knew about the spin off.
I'm not saying anything derogatory. but look what this guy did to ATRS. That company couldn't
get a device approved at all. They are still unable to make money.
Just be careful.