Both are negative....One is a follow up by the Market Realist, who gives a very thorough overview of the issues, and the other from Seeking Alpha, which says to "stay away" from Williams companies. We'll see next Weds. after the bell what this all means, but I don't hold out too much hope for any substantive news in the near term.
If the deal were called off (which may be likely, given the CFO resignation at ETE), then Williams' operational performance and high leveraged debt will stand alone. In that scenario, the stock will fall, not move to $20....sorry.
"Expects to renew agreements"....It hasn't happened yet. In the meantime, their guidance is much lower than what analysts are modeling for next quarter. I guess the street is giving them the benefit of the doubt by rising in AH.
It's hard to believe it's up in pre-market. Any forward guidance at all is suspect at this point.
This is an ugly market. Contagion is a serious thing. It's not just Skechers; it's every industry, retail, financials, etc. Honestly, I don't see how any CEO can give accurate guidance for their products now, in this environment.
They went by the Econ 101 and Fed playbook back in 2009. You bail everyone out, flood the markets with cash and liquidity, bring all sales forward (like autos, others), and then pray for the best. Well it didn't work. Sure it "worked" for 6 years, but they should have just let the markets play out on their own. Now the unwinding process is underway, and everyone is getting mauled. Yellen will tell the Senate that it worked for the USA, but they can't control China and Europe. I'd argue it didn't work for the USA.
"The Saudis will not agree to production cuts until they're confident that US shale producers will not step up production afterwards." The Saudis have absolutely no way of knowing what US producers will do. I think OPEC and their members are waiting for the other shoe to drop, i.e. a black swan flies in and sets off a chain of potentials bankruptcies. Chesapeake could be that black swan, and they could take Williams (WMB) and others with them.
You may know that in a bear market, 2 out of every 3 stocks go down (into a protracted downtrend). Maybe Skechers will be the lucky one that doesn't.
If we're headed for a global recession, which is entirely possible, then their guidance doesn't mean much. I don't think the quarter was worthy of this move over $29 in AH, but as I said earlier anything goes. Look at Tesla....they missed big on top and bottom line, and the stock is up over $14 in AH. I do think SKX will settle down and trade flat from here, meaning back in the $27+ range.
This is very close....According to the chart, this could go either way, which is why I'm not taking any position until after the ER.
I think the shorts are buried, and yet it seems they keep trying to push it down to cover lower. I think this closes over $27 at the end of the day.
From an article at 7pm this evening:
"Now it looks like Apple is ditching Akamai for its own servers and has significantly cut its business with the online infrastructure company. " Why did Akamai fail to mention that they're about to lose their biggest customer? Instead, they just said their 2 biggest customers will be 6% of their revenue. As an investor, this is not a fair and open disclosure of a material event, in my opinion.
And then a Yahoo Finance article stated that:
"Companies lose billions buying back their own stock
Big companies have lost billions buying their own shares" So I don't have much faith in the future stock price just because the CEO intends to buy stock. But the 1st article is more disturbing for me.
I will sell my shares after the gap up tomorrow, which sadly I believe will be shortlived.
They are not legally obligated to buy shares in this market. They can announce their intention, but they're not obligated. I would say if a recession is on the way, or a severe downturn, it wouldn't make sense for the CEO or anyone else to buy their own shares. By the way, the buyback extends to 2018.
This was vs. the .62 expected...I guess they go by non-gap earnings. I have no position, but I think based on this report it's a bit of an overreaction to the upside...but the stock was very beat up, so there's that...I would go long in the mid $30's.
I wouldn't get too excited if I were you. After Friday's carnage, traders will trying to get out at whatever price they can that's higher than last week's close.
Voting for Marco Rubio for our next president when he wins the nomination will be the most important decision of our generation. Rubio is the candidate with the best chance to beat either of the two Democratic candidates. Those in their twenties supporting Sanders have no idea how detrimental a Socialist would be for our economy. And Clinton would be more of the same of the past 8 years, but I think she will be indicted. Even if she's not indicted, her lies and poor choices are wrong for our country. Rubio is young, charismatic, and will keep our country safe.
On another note, I think the bear market will last until the election is over.
Well there you are IBDman! Finally some justice.....This looks like the real deal after all these years. If the SPY takes out $180 on the downside next week or later, I believe it's all over, and the bear is officially here. Of course the talking heads still say no recession is in the cards...I'm not sure what they want for proof....
Enjoy! You were just way too early on your call, like many of us.