So fell streaming and the ground doth shake with its thunder.
Guys, this is getting ridiculous. Bonds are lower than they have ever been.
Greek bonds are getting higher bids than this.
My new drastic call on the stock price is $0.25, happening this fall if rates are raised and gold drops under $1000.
How did you win? There was no good way in the recent past to short TC. Did you short Royal Gold? It is down 7% today.
I have no desire to gloat about selling TC because I used the funds to by Claude, which is also down today. I will gloat a bit about my Netflix short, which I made at $115 and is up $3,000 this morning.
I think it was around $1089.
Poor Claude, poor TC, pour me. Bartender, I said pour me another one and keep em coming!
I am starting to really hate all metals.
$1000 has to hold. Just has to.
I agree with you with the caveat that it is hard to accurately predict the stability of the middle east. I would not rule out an Israeli sparked war or ISIS maneuver over there in the next couple of years which could have a big effect on oil.
Correct about the fall being quite a bit more than the high teens
Wrong about the great long term opportunity.
I guess the lesson is nobody is perfect.
beavercleavver • Oct 2, 2014 7:15 AM Flag
Where does SDRL fall take it to ? I am guessing the high teens.
Great Long Term opportunity here IMO. But I also think it continues to fall a good bit more. They always go down and up more then you think they will or can or should.
Just a guess. The market thinks Netflix is going to grow international sales to the point where a 260PE ratio is currently justified. That type of streaming growth will support many new TV sets.
You listen to mullam? He was touting investing in FCX early this year. He has probably lost more in FCX than I have invested total in Corning. He said it was good they diversified into oil and gas LOL.
As for you, your account is so new I have no idea where you stand or why anyone should listen to you.
I am out of the stock but still have a lot of the bonds. I will probably get back in the stock soon as I have some sort of bizarre sadomasochistic relationship with TC that I should probably use my remaining dollars to get counselling for.
Where is it going? Short term I would guess down. Long term, probably down, unless commodities make a recovery or they do some deal. I guess I will play the middle term possible bounce. Stupid, but stupid is all I have left.
Remember it? It was not last year though, it was in 2013. Here is a post I made talking about it then:
lightdoesnotage • Nov 19, 2013 6:24 PM Remove
Sorry 0.50 is just stupid, I don't care how smart you think the analyst is. $0.50 is a market cap of less than $100mil for a 1.5 billion dollar mine. And that is valuing everything else TC has at zero. Yes they have debt, FCX has debt too. If they come out with a price target of $5 for FCX I will call them stupid there also.
Have you considered that Corning is growing via R&D and these take some time to develop. Have you considered that commodities in general are down and this does affect the glass products they can ship?
Extra cash could be returned to shareholders, or used to purchase a business which may or may not turn out to be a decent investment (ask Microsoft about that Nokia devices purchase). Share buyback is the guaranteed return. At minimum it returns 2.5% (the current dividend) and increases the earnings per share number. Just think about the day when they do increase the dividend. Would you prefer a one time dividend now of $1 per share or a sustainable 6% or 10% dividend sometime in the future after a quarter of the shares have been retired and commodities are on the up cycle again.
There is no conspiracy. Look at the bloody bond market! The order book has $500,000 of the 2019 bond being offered at 87% of par! Yesterday it was 91% of par.
If the bonds are becoming worthless, what value can you assign to the stock?
I knew they could do it if they really tried.
$0.5x next week, $4.50 after reverse split or $0.40 after delisting.
I am a buyer at $0.45 or $4.50...won't try for the lowest $0.40 because you never know...
Buyback is where the real money is made.
I have to pay tax on a dividend. ACA tax too. If I wanted high dividends I would buy Seadrill. Oh wait, they cancelled their dividend.
Corning has a rock solid balance sheet, a diversified business and is investing in one of the best value stocks on the market (themselves). If they give you a dividend, you will just waste it on a stock like Seadrill.
Luddite. People always want what is better.
4k makes HD look like standard def
The funny part is they could have saved more money just ordering the small size and packaging that in all three boxes. We are talking Chinese after all.
The world is going to sign up for streaming and not buy a TV?
Delist then? The minute they delist, it will drop 10% to 20%. You can mark this post and make fun of me if it doesn't happen that way, but I fear I will be right (if they delist)
I would probably buy puts AND calls. This crazy market you don't know what is going to happen but likely it doesn't stagnate.