Overly simplistic. If the company loses money, loss per share increases. Furthermore, share buyback imply the company has no better use for the cash, like updating equipment, making acquistions, etc. Lastly, the reduced cash make CLF less attractive to someone who wants to acquire the company. Based on today's stock performance, I have difficulty understanding why people continue to think stock buybacks for sick companies add value.
I like to be optimistic too, but that has gotten me into trouble. $200 million buyback doesn't add value; it just moves the money from one column to another. If someone outside the company were going to buy $200 million, that would change the equation.
I hope you are right, but a 10 cent gain so far today doesn't begin to make up for the months of steady decline.
You think? With the all the losses investors have absorbed, this is an opportunity to get out with reduced loss. This isn't good news; all it is doing is keeping the price from sinking lower for a while. Buying back stock does not make the company better run or more profitable.
Is it possible that X is up because the price of iron ore is down? It is like a pizza restaurant that improves profits because the price of cheese is low.
Is a good time to see if longs or shorts were in control. Shorts are covering here in the last 15 minutes and so we're seeing a bit of bump. Unless we get some meaningful positive news, we're going to see this pattern repeated most every day.
They have not announced the names of the "major pharma" companies that they are supposedly working with or provided the terms of the agreement. For all we know, ROSG is paying them.
BTW - If I could manipulate this POS, I'd manipulate it up. I've held it through 2 reverse splits and the big secondary that tripled the amount of shares. That secondary was at 5. Why don't you try to manipulate it up? If I'm an idiot, that should be easy for you to do.
Multiple agreements, but never NEVER, do they announce terms or even the name of the partner. No news is bad news with this company. Of course, even good news isn't really good either.
Last week it was the 17 strike on the options that was the magnet. This week it is the 16. Every week traders try to anticipate expiration sooner and sooner. That's why I think you'll see the price rest around 16 later today.
No, bypassed 2nd grade altogether. With your logic, you'll get a good feeling when you stop hitting your head with a hammer.
It means that tiny gain we saw on the news will gradually fade. Happens every time, even though I always hope that "this time it'll be different."
Projections are for $1 million in sales this year. Let's see, if this new VP gets $100K, that's 10% of sales. When is this company going to start getting some real return on "investment?"
Putin is short SRPT. Actually I think that SRPT sentiment is negative and folks are looking for any reason to sell. No, Ukraine has no bearing on SRPT, but it is pushing the market lower and SRPT has a tough time going counter to the market without some SRPT positive news.