'Properly valued' is $255. I just checked. A whole bunch of tulips.
Grow up. Unprovoked wars require justification - Polk using the Nueces River encroachment as his excuse to take the west from Mexico, the 'Remember the Maine' justification, etc.
For Bush it was straight-up strategy - not saying I necessarily agreed with it. The Bush administration felt it was necessary to project power. They had to do it when people were still angry over 9-11. They found justification.
Churchhill used what he knew was an accidental Luftwaffe bombing of London as justification to start bombing Germany's cities. England had big Lancaster bombers. Germany had no big payload bombers. It was a tough world decision - falsely justified to be acceptable.
You need to drop drinking the Kool-Aid, eating up the surface PR, and think some.
Neither Iraq nor Iran is a threat to world oil supply all these years later. Hurray for Bush. In the Arab world talk means nothing. Sometimes it is necessary to project power. It costs real blood to maintain the high standard of living we enjoy. Pampered pacifists (who otherwise would be living in huts) often fail to understand the obvious: despite our inherent desire for a peaceful world, other people do not feel that way. It is a tough world. Five thousand lost is not a good thing. I weep too. But in the scope of history' it is not an earthshaker either.
I too think it may get done, which will be terrific for JOSB holders. Less so for MW IMO. These companies now have PE's far above sector norms. I'd expect parent MW stock to fall back when the bloom's off the rose. It happens often.
. . . are often hugely beneficial to stockholder value. But commonly the stock price gets well above reasonable and fall backs down when the dust settles. Looking at current PE's of MW and JOSB (23X to 26X) this may end up being the case.
'raise prices to $29.95' - what a nutty idea. Why do you think Comcast did a multi-year deal? Because in the big market (the urban market) local transmission capability will soon take out hardwiring. Going direct with Netflix helps position them. I don't know the Netflix profit effect (neither do you) because the deals are still being worked, but this is not a one-way street totally favorable to cable.
Equally important with today's hard down - no shorts running for cover. ER should be interesting.
A stock going sideways all afternoon on low volume is as common as dirt, particularly on a Friday.
You don't know the 'economics make no sense' - but everyone is entitled to their opinion. This is about making money in stocks. Now it's on a peak (a 23X PE) because of MW talk.. Prudent investors who purchased low are positioned to take profits. With its very high PE JOSB is not a buy presently, so I'm not sweating the acquisition. I do know Joe Mgt has a solid long-term record. Seems to me it's a good time to work other stocks.
The cash flow situation remains tight - not uncommon with a growing company. So some extra cash is prudent insurance. One day Netflix quarterly growth could sputter and they'll need it.
Such a 'sputter' is of course the biggest risk to Longs. The current quarter will be interesting - fewer top films in the library than before, nothing new except Season 2 House of Cards and competition from the Olympics.
I don't know how it ends - which is what makes history interesting. I do know we have too many people going to college who shouldn't. Plumbers, electricians and HVAC techs earn more. It was much more affordable way back when. But that was pre-big student loans AND before major universities became so arrogant and wasted so much. You could fire half of the professors at any major university and not miss a beat.
If course fundamentals count. This stock is zooming on expectation of future earnings. Whether those earnings materialize remains to be seen. Infant industry companies commonly trade this way. The NFLX FWD PE consensus is something like 48.
I think you are smart not shorting. A stock that zooms like this has already proven it can go higher.
The 'They' on the Tri-Lateral Commission? The 'They' spewing the chemicals everybody thinks are jet contrails? Those 'They's' are sneaky.
How cool today that a person can acquire 3 million shares for under $20MM. That's almost within my reach. Hey Big Boy!
Both party's extremists are probably equal spewing hate. And neither has solutions.
Don' drink the Kool Aid. Like him or not, Hastings is bright. He knew. He was just talking a 'PR War' for negotiating position.
I agree with you - but don't see minimum wage as the solution. When a single woman has a child and doesn't have a support system, in order to be eligible for benefits she and her children might be required to live in a cloister where no men are allowed. Old tribal ways - community, elders with wisdom in charge - work better than ugly central government. We have not advanced in our thinking.