For those who made the colossal mistake of buying into the Wall Street hype, their outrageous price targets, with no regard for reality, please remember there is life after divorce, that in a pinch you can eat the soles of your shoes, and to always watch your footing when attempting to hitch a free ride on a train.
My condolences, be strong...
Thank you, thank you so much, I don't know what I would of done if you had not come to my rescue and purchased my shares for $151 in the after hours yesterday. You are truly a saint. Thank you!
Truly a miracle you came along, thank you, thank you so much for buying my shares at $151, you really bailed me out on this one...Thank you!
The bald avenger strikes again!
Thank you, I can't thank you enough for buying my shares at $151.
I was really sweating, but some idiot bailed me out, purchased my shares at $151
Could you had been more wrong? An apology to the message board is in order.
While other large oil companies are up because they claim they will defend their dividend, even it means they must borrow to do so, destroy their balance sheet. Makes no sense. Robbing Paul to pay Peter. Got to give Kudos to COP mgt for doing the right thing for shareholders in the longer term.
One would think a company that yields close to 4%, in an industry that is not cyclical, that will hold up better in a recession than most, in an environment where the 10 year treasury is only offering a return of 1.9%, overseas that same instrument yielding nothing to negative, that MRK would be doing quite well, but no, large pharma names such as PFE, NVS, et cetera are getting slammed.
Apparently there is great fear post election the pricing models of the pharmaceutical industry will be under attack, resulting in great harm to profit margins and earnings.
I don't own MRK but if it were to drop into the low $40s I would be a buyer.
It is my understanding Sprint closed the pumping department Whig was employed is now a Walmart greeter.
Wall Street pumped PFE and now they are dumping despite 4% yield, they see the writing on the wall. Big Pharma can no longer gouge U.S. consumers to pay for their overpriced takeovers, outrageous executive compensation.
It is going to get very, very ugly for Sprint shareholders in the coming months.
Often the lunatic is responding to his own posts simply using another ID. A lot like Sprint the company, a scam!
Sad to see someone falling deeper and deeper into psychosis, living in a fantasy world.
The con men who run this Ponzi scheme, have one clear goal, to buy time with the hope they can sell the company before the clock runs out, employing all shenanigans to achieve this outcome.
Sprint continues to lose money quarter after quarter, free cash flow is in free fall, debt rating sinks further into junk daily. They are locked out of the credit markets, their only source of capital their sugar daddy Softbank which faces it's own troubles as their major investment in Alibaba tumbles, other Chinese ventures unravel.
Add to this ugly equation Sprint operates in an extremely saturated, highly competitive environment. Their competitors have much deeper pockets, better networks, own high investment grade debt ratings that allow critical access to credit markets that finances all important networks upgrades, the crucial purchase of spectrum.
How does Sprint respond? Cuts jobs, closes call centers, enters into a price war guaranteeing more losses, resorts to accounting gimmicks to give the illusion the company is returning to profitability. All done to simply buy time with the hope some knight in shining armor will scoop Sprint, their 38 $billion debt load, archaic spectrum away to Utopia.
Not going to happen, especially now that the credit markets and world economy is in decline. The days of nonsensical takeovers are over, especially for highly leveraged, money losing, debt ridden outfits like Sprint.
Soon the sugar high of the latest bogus earnings report, short covering, will fade and Sprint's stock will resume it's ugly march downward to below $1. Act accordingly.
The fool is always incredibly wrong! Just prior to the bank collapse in 2007 Bove proclaimed banks were a buy of a lifetime. When BAC was trading $18 a few months back he stated BAC would double, down 30% since he made that bonehead call. This idiot has the nerve to call himself a bank analyst.