This deal is not an issue of Revs, but is an issue of reserves, which ANR has a lot of and are worth future money. It will be some kind of buyout, with tangibles. It is worth +$20 if it happens.
Actually you are more stupid. I don't know if ACI or ANR will merge, but consolidation will occur. It has too, coal is like any other industry, consolidation happens. Synergies are a catalyst.
If the Boards of Directors really have the shareholder value top of mind, they are actively looking to make deals, and that includes China, India, and Australia.
Why are people making this such a big deal. The new headquarters has been planned and under development for months. They are getting substantial tax breaks for the relocation and new HQ. Loss on the building, no way. You all need to understand how taxes work, they will be making money on this transaction.
It is not what Washington has to say, it is what China and India has to say. There are only 3 saviors to coal in short/medium term, NG Prices, China/India usage, and getting serious with the Autos, which the coals have too much supply to give in to the steels. Cut the inventory, stop it, period.
Obama is totally against coal. He will do everything possible to kill it, but just wait, he is such a failure on every other issue, this too will pass.
Obama is like a fart in the wind, someone either lights a match, or it just naturally dissipates. End Of Story.
No layoff's that day or any other day. Not an employee, but close to the action. There are some department cuts, but most are finding jobs within the company. I would call it a realignment, not layoffs. Actually, the realignment is filling open positions in other departments.
Why does Yahoo keep thinking they have to reinvent the wheel to be successfull. The Old Home page was fine, the new page is so confusing and cumbersome, it takes 10 clicks to the 2 clicks before!
EMC could do it hands down. Forget about Oilman's lack of knowledge of M/A, and the industry, the OEM #$%$ that he keeps stating is bogus when it comes to most companies in the hunt.
Well Oilman we go back a ways. I sold all of mine remaining last week @6.90, big mistake. Today, on a hunch, I bought 2k at 6.89 right at the close, and sold minutes later @ 8.03.
But to the point. On this board you have been holding, selling, bragging about that 20,000 shares for at least 2 years. And what about those July Calls you bought? Oilman, everyone is successful in the rear view mirror.
Oilman, while BRCD has performed over the past month, over the past year it has stayed even, CSCO has risen 50%. So what is your point.
the only reason BRCD is rising is Carney is buying back shares at market + the tick, to drive it higher.
When he is done it is going down like a rocket, hard. There are no fundamental reasons for brocade to go higher. In fact, from what I am hearing, this quarter is going to be dismall. But I also here Carney is slobbering in the bars to sale sell Brocade at all cost, even below breakup value..
As usual, Opal, IMo.
Give back a little, you #$%$.
If 10% IS A LITTLE, WHAT IS A LOT TO YOU.
You are just sore because your options are now worthless, MR Oilman. I thought you said it would be higher by now? Answer Please, we are waiting with much anticipation, MR OILMAN.
They distribute cash to employees at the expense of the shareholder, it is a formula developed many years ago that was designed to make current employees rich, ability to hire new employes, and to allow stock options at $0 cost.
First of all, you need to update your product knowledge.
Brocade is leading edge on several product lines, not dying, however they are overpriced and under supported on others, so learn before you speak.
While I agree management is mis-guided in some of thier strategies, cost cutting is required, their employee expense per product line is way out of wack with the industry. While I have been very negative on Carney, if he would fire more useless people, this company might deliver some shareholder value.
This is not a company going out of businss, it makes money. The problem is the money is going to useless employees, not the stock holder.
In ignorance I have blamed the BOD, and I will continue to do it, but in reality, the way the Board is set up, the CEO controls the dice, even stockholdres cannot change the outcome. The only way to change the BRCD BOD model is to sell the company, or that it go BK.
I never did understand the BOD's selection of Lloyd Carney. He has always been successful on the backs of his employees, and a product of Affirmative Action, never really accomplished anything on his own. Looks like the crew at BRCD is starting to notice this.
Ellery quiting is bad news, he was sharp and customers really liked him, I think the ethernet business is now doomed. Carney does not understand the business, or the customer.
3 years ago he was long at $9, 2 years ago he was long at $8, one year ago he was very long at $7. Recently he said he bought July 13 calls, now he is saying wait a year.
And he says he has not lost any money, check the facts people. The only way he made money was being short.