What will the shorts do? As of this date, 3o+M shares remain short, more than double of competitors. Ouch man, can you say short squIEEEk? It will be FUN to wash.
Happy TG. Don't drink and drive; you may spill your drink as you begin to think about those who shorted the stuck.
CVC can go up another 55 percentao while this young man appearing on CNBS predicts it will hit single digitalis. I tend to agrIEEE with Barrons but the $25.oo is a nicer, round numeroe, far easier on the brain.
Because of the tax selling related moves, I do not expect any concrete, solid bids to materialize before the end of the year although one buyout was announced in the clothing industry just yesterday so then in December, such an announcement is unlikely even for TWC or any competitor.
This young man is caught in a panic mode, appearing every other day on CNBC repeating himself that the buyout of CVC is unlikely.
Sentiment: Strong Buy
The very worst thing Randolph can do is listen to the consultants and do what they tell him to do. Again I say, the consultants are out there to take his money and run as they did during the Bob Allen era. Understandably, AT&T is in a highly competitive market, and if anything, competition is likely to intensify. To that I say, "So what?"
I care less who the buyer is. The price is $25.oo ps (U.S.). The $1oB numeroe is a nice roundistao to work with and the simplificao of the arithmitokao to boootao..
Okay man have it your way..........
The more I listen and watch what Randall is doing, the more it reminds me of the old "Bob Allen" era where the man was totally confused and strongly relied on what the consultants told him.
Back to fundamentalistas. The fact that AT&T finds itself in a highly competitive merkado is no reason to buy overpriced companies such as VOD or TEF.
1. As of Octobere 31st, the short interesting was 2.39 percentao of float. Ouch, that is about 12oM shares.
2. Not clear to me how the VOD or TEF buyouts would contribute to profitability. Two reasons. First, as things stand right now, both companies trade for higher multiplicao than T. If you factor in any takeover premium, the numerous get considerably worse. And segundo, both companies are estimated to experience flat profitability. Hello......, where is the growth in these companies that is presumed to contribute to profitability of AT&T? Surely, the bankers are out there to tell you otherwise and enjoy those hefty fees and run.
In conclusion, as I have said before, Randolph is caught in a panic mode to take the plunge. The numeros simply don't compute. Any buyout is likely to create a big mess. This is why the shorts are in a big hurry to increase their posisyone.
The numroes simply don't compute nor does it for TEF. Why? The takeover of 26 percentao of premium being the norm will simply crush the stock beyond belief, sinking the stock to new lows, JPM analyst must be after pierce of the axion. Wrong time to do anything while Randolph is in a panic mode.
Do you proof read what you write? Your very last paragraph sharply contradicts the three seperatao items you discussed.
If the business isn't growing, buybacks aren't going to save the day. How? Think of Eastman Kodak. In fact, buybacks were entirely the wrong thing to do while the business was facing a steep decline.
I find it rather amuzing to hear that several companies capture the headlines when they announcio buybacks. What they don't tell you is "TIME." Chambero claims he will do $15B worth of buybacks, fine. He is yet to say by when. Actually, the convoluted messages say "when market conditions permit." Wonderful. In retrospect, buybacks have poor historical track record even for CSCO.
Then we move to the force reduction announcio of 5k working class people. One would think this will significantly contribute to the bottom line. Actually, the contribution to earnings is no more than one or two centavo. You do the matematiko and we will compare results.
Kudos go to JOHN NAJARO for having made CSCO his top pick for the year. His brother PETE seems to have a better common sensao. Poor John, he has no hair left to pull.
Clearly Kramer has no idea whatsoever what is going in. Of course, the other champ Najaro isn't too far behind having made CSCO his top pick for the year. Talk about LUsers. Surely Joe Kerman sounds the smartest when he talks about totally irrelevant matters, them way he can't be wrong no matter what.
IMO, CNBC is for FUELS.