Don't trust them and wouldn't partner with them.
This used to be a well managed company before Farris came along. He's totally screwed up the company. Farris is a complete dope!
Those in the money calls were selling for around $4.80. That means you need $87.30 just to break even. At $88/share you make a whopping 70 cents.
You make good points. Whether they justify the stock price almost doubling in the past year we'll see. Sure some of the move is the overall market has moved a great as well. I do like the stability of the industry so I've been looking for an entry point. Have to say: The mid 40's are looking good now. Sure not buying at these prices though. If I owned it I'd be selling it for sure. Good luck with it.
That's ridiculous. The dividend yield is 2%. As in 2% per year. The stock value has lost more than just today. 20% growth of nothing is still nothing.
Smart or some would say the Board of Director’s are either stupid or management controls them. Either way it’s not an investor friendly company. When management has the entitlement gene don’t walk away – run.
Cramer was pumping this again! He pumped it hard a few weeks ago when FFIV was at $89 and now it's at $81.50. I agree in that this will continue to slide. Oh, it may get a Cramer bounce for a few days but it'll return to a slide.
One thing looks certain. FFIV will move one way or the other in a big way tomorrow. Place your bets. 2 hours to go.
I was fortunate to pick some up in April at 68 and sell it at 82 in a very short time. If it drops to 68 again I'd find that irresistible and would have to reach out and grab some APA. Unless the oil and gas wells were on fire.
APA will likely trend lower maybe dipping into high 60’s like it did in April. With a sizeable interest in Egypt what happens there does matter and the events haven’t been good. It’s still a ways off from having an impact on operations, but that can change in the blink of an eye. The current battle between the Egyptian military (which currently has the vast support of the people) and Muslim brotherhood looks like there is no foreseeable end in sight. I suspect we’ll see a continued crackdown on the MB and many more jailed like we did in the 60’s and 70’s to suppress them. A bigger potential issue is if Al Qaeda becomes more involved in Egypt and with the MB. Al Qaeda may be more likely to after economic targets as they have no interest in an eventual solution but rather to create as much chaos as possible.
APA is currently very fairly priced if not for the events in Egypt, but I suspect there’ll be better opportunities down the road for those with the guts. One great investor said to buy when there’s “blood in the streets”. We already have that. It’s going to take a lot more than that to make this a great investment opportunity.