I think Riggio will make an offer for Barnes and Noble Retail. He'll offer single digits for it.....LMFAO!
I do not own AMZN, TSLA, or NFLX. I think they are all overvalued. I think most of the entire market is overvalued including BKS and JCP. If BKS is so cheap, why did Leonard Riggio dump a lot of shares? Why is over 20% of the float short? I'm sure wrb335 is much smarter than all of these shorts.
If you want to buy a brick and mortar retailer with declining revenues and with large losses, I'm not going to stop you. You ever consider the possibility that AMZN is pretty much killing BKS (and many other brick and mortar retailers). While you're at it, why don't you buy JCP. And better yet, go out and buy RSH. I'm sure they look incredibly cheap to you also.
It's being manipulated higher for the time being. Analysts are getting all the mileage they possibly can with the company soon splitting into 2 separate companies. There is a large short position on BKS and the pundits are playing it, squeezing the shorts. Fundamentally, BKS looks disastrous to me. Last quarter they were expected to lose .59 and they reported losing .72. The stock has moved up about 15% since then. I expect it's only a matter of time and BKS comes crashing down. There is a large short position for good reasons.
I'd be deeply concerned about the declining revenue on both a quarter by quarter basis and a year by year basis. I speculate FRP is losing customers to competition. I don't care what the company claims. Also, in the conference call for 1st qtr earnings, the company indicated that revenue would be higher for the 2nd and 3rd quarters. As it turned out, it was not even close. It was about 5 million less in the 2nd quarter. Based on the weak balance sheet loaded with debt, declining revenue on the income statement, and total cash being much lower at 6/30 than it was at 12/31, I think FRP is worth less than $5 and I expect it to get there.
Revenue of 225.6 million actual. Expected was 227.41 to 233.82 million. Earnings per share -.86 actual vs -.69 expected. Cash on balance sheet up slightly compared to 3/31/14; however liabilities slightly higher also. Looks like a weak quarter to me, especially for a stock hitting a new 52 week high. Look out down below.
Stock buyback seems unwise to me at these levels. They will either burn up a lot of their 4 billion in cash or they will increase their debt to over 40 billion. Considering how expensive CAT currently is, I think they're making a bad decision.
I wouldn't short it that soon. If you look at history when it has jumped up, it could be a month from now when it peaks. If you go back to 10/18/13, CMG rose 70.67 in one day. It wasn't a good short until 11/15/13. I think it is way overvalued, but I also think you can find much safer shorts.
Leonard Riggio sold 2 million shares on 12/10/13 at $13.81. Then on 4/16/14 he sold 3.7 million more shares at $17.30. Now at over $22 per share, Steve Symington of The Motley Fool is speculating that Mr. Riggio will buy the entire company since BKS is spinning off Nook Media.....I think Steve Symington needs to get his head checked.
You can pay over $100 for it if you want. Just like there are some people who would pay over $300 for TSLA. Price is what you pay and value is what you get. There is no value paying more than $6 for this company. People forget they are buying a business when they buy stock. If you were buying an entire private business, you would never pay more than 10 times what it is currently earning in a year's time.
Maybe so, but let's say they earn .20/share for 2014. At $8.00 that is a PE of 40. Considering SKUL has a decent balance sheet, I can see a PE of 30 being justified. I believe SKUL is worth $6.00 per share and that is expecting earnings at the high end for 2014. Considering they DID report a loss of .12 for the first quarter, it is possible that the turnaround IS in progress, but I need to see more before I will even give them that.
ok, and .28 in 2015. So, its trading at 30 times 2014 earnings and at over 20 times 2015 earnings. And the "valuation is simply astonishing." I'm finished with you people. Good luck to all of you.
What are you smoking??? AUDC is forecast to earn .11 per share for the entire year. Take your money and get an education.
I wouldn't bet against Kass.
Where I live the owner of several MCD's got busted for hiring foreigners at below minimum wage. He wasn't even paying all of his workers. He was keeping them in his basement and making them use buckets for toilets. He separated them with sheets hanging from the ceiling so they would have some privacy. When authorities caught the owner, he had his franchises taken from him. You can tell me how "great" this company is all you want.