You may certainly may be right, but it will take some time to sort out the truth. Wouldn't you rather pay $3 or $4, and have the knowledge all the concerns have been answered?? Most funds cannot own the stock with the litigation going on, plus the fact its under $5 a share which is the cut-off price to owning it. Good luck!!
I wouldn't be surprised if the new NYSE doesn't halt trading somewhere down the line!! Being it has been taken over by another exchange, I am sure they don't want all these lawsuits hanging over this listing!! And if any of you who still are long, are worried about taking a loss, you can always buy it back when the smoke clears . Where is it going with such a bleak outlook??
Improbable and just daydreaming!! Why would anyone spend money on this piece of #$%$??
If the shareholders want out, just sell it on the open market! No one would want to touch
this with a ten-foot pole!! Too much litigation, not to mention the competition!
Sentiment: Strong Sell
Please!! The CEO had nothing to do with this decision! The company didnt get a penny from the sale of 25mil shares. It all went to the "hedgies"! They got their pound of flesh and hopefully the CEO can now run the company to the advantage of the shareholders!
Sentiment: Strong Buy
It was announced on Sept. 13th, and suppose to be sold by the 18th. The original price of
the secondary was 36.25. Why was it delayed almost 3 months?? And who knew what??
Merrill just added NXPI to its number 1 midcap list!! Looking for $47 price target
for the upcoming year, and possible $60 for2015. And they generally are low on
their estimates!! All systems go!!!
Sentiment: Strong Buy
Thats where I am putting my 25k. Long at average price of $5. Most institutions are blocked from establishing any kind of position due to lack of earnings and litigation. Merrill still has a "buy", but their p/o has dropped to $7 from $10. Am willing to wait, but like most people on this board, very disappointed!!
Maybe Obama's tax on medical devices is overhanging?? Maybe SAC Capital is selling their holdings?? Maybe I am blinded by their press releases?? Maybe maybe maybe?? Just stop the bleeding and begin the healing!!