I already sold out when the had their first miss. I continue to follow the company to see if they can improve. So far, nada.
They just couldn't do it. Another 2 cents. The percentage increase just keeps shrinking. The extra 2 cents will pay for an extra latte each calendar quarter so I'm still Ok with it.
It was pretty stupid for the company to think that the significant concerns in the industry would not affect their sales & profits. Of course, their forecast would drop. And if Oil stays in the low $50s, or drops to the $40s, expect another drop in the forecast.
That's the opposite of what I said when I sold at $35. I think that things have gotten worse, but you think things have gotten better. Interesting.
You raise a good point - as it turns out, SN bought at the top of the margin - the value of their assets has slid tremendously, and now they're saddled with huge debt and debt service costs. There's a clear problem here. SN would be independent throughout 2015.
$80 BUY BUY BUY BUY. Unfortunately, not a chance to even see $70 again. Look for $50.
GB got off to a good start after its IPO, but loaning money to energy companies has quickly derailed its valuation. Continued weakness in oil prices will continue to hurt the share prices. I was originally interested, but the multiple to BV is too high now. Good luck if you're long.