This is not good news for Wall Street.
BRK owns a few retailers, but they prefer manufacturers. And they prefer WELL-RUN companies. How many resignations has LL had since the scandal?
Still expecting 211 by Friday.
Huh? There's 240M shares outstanding. Are you actually doing the math or just pulling numbers out of your butt?
No support until 32.
Their whole business plan is to buy companies at high multiples using debt, then jack up the price of the drugs to make money. But they LOST money in 2015. Given the regulatory climate, how can they ever expect to do better than 2015?
Today it's not short covering, it is real buying from investors who know the reaction to the BOJ was too extreme. FB should lead us .5 % higher today.
I see those phrases in a September 2013 report. How old is the report you're quoting? Does it take any of the recent doubts into account?
I think they were wrong to release parts 2-8 at one time. They could have gotten this down to the teens by releasing a hit piece every few days. I think they just got greedy and threw their Hail Mary pass. The recovery you see today is just short covering by the hedge fund.
Buffett made out well buying the stock of good banks when other banks ravaged the sector. But fundamentals trump technicals. If a company is fraudulent, the fear is well-deserved, and not an invitation to buy.
It's not every large-cap stock that drops 80% in a year. CNBC cover energy stocks (oil, coal, solar) a lot, too, as they have plummeted. Commentary by Clinton also helps VRX stay in the news.