"I'd like to know why he bailed out of ELSE. I'm guessing that he couldn't get his way there, so he took his ball and went home"
I had the same question and came to a similar conclusion.
Market makers trying real hard to keep a lid on the shares and quash them from moving higher.
Shares will break out with earnings announcement. Will this next one be the one which beats expectations and we see the shares move higher instead of pulling back? We'll find out in about 8 weeks. It's going to happen one of these times.
I'm betting that during the next 8 weeks, we're going to see more press releases regarding contract awards and new business. Things will start rolling this year.
The shares are going to be trading at $7 at some point during 2014. Use this extended opportunity to pick up cheap shares. Come year end, these prices are going to be a distant memory.
They accepted a reduction of the conversion price for their warrant to $1.25/share.
I don't think the fund would have accepted that price for the warrant conversion if they weren't reasonably sure the stock would get there.
Shares are currently at the annual low point - they'll trade higher in the spring/summer. Now is the time to be accumulating.
These 8Ks show that there isn't a question regarding the future of the company - it will do fine.
On January 15, 2014, the United States District Court, Northern District of Illinois, approved a settlement agreement between the Company and Hudson Bay Master Fund, Ltd. (“Plaintiff”) dated December 24, 2013. The settlement resolved a dispute that arose between the Company and Plaintiff with respect to whether the Company, when it issued convertible notes on September 4, 2013, triggered an anti-dilution provision in a warrant to acquire common shares issued to Plaintiff by the Company on November 19, 2010. In the settlement, the Company agreed to reduce the exercise price of the warrant from $2.44 per share to $1.25 per share, and by the terms of the warrant, to increase the number of common shares exercisable under the warrant from 500,000 to 976,000. The Company also agreed as part of the settlement to issue 37,500 common shares to Plaintiff. In return, Plaintiff agreed to dismiss a complaint it filed on October 9, 2013 in the United States District Court for the Northern District of Illinois, Eastern Division. The filing of the complaint was previously reported by the Company in its Form 10Q for the quarter and nine months ended September 30, 2013.
I agree and think this is essentially a guarantee within the next 3 to 6 months. If I were the CEO, I'd do it sooner rather than later, otherwise with the shares moving higher, it will cost him more the longer he waits.
They're upgrading even faster than I can forecast it!
ibrant57 wrong once again! No surprise there.
"Nash on Thursday raised his price target for SunTrust's shares to $45 from $41. He's ahead of the consensus, estimating the bank will earn $3.05 a share this year, with EPS growing to $3.40 during 2015."
You've been short since $25/share you wus!
Back to your price target argument - which didn't work earlier last year either - clearly you haven't learned yet.
Price targets to be raised to $45 very soon!
STI will be at $50 this time next year, and you'll still be posting the same incorrect garbage.
Think of how much money you would have made if you purchased STI shares instead of being so stupid all along.
Pre-market new 52-week high
I love cruisetillthetiresfalloff and ibrant57!!!
"Broad-based loan growth, increased revenue, and further credit quality improvement led to core earnings expansion over the prior quarter," said William H. Rogers, Jr., chairman and chief executive officer of SunTrust Banks, Inc. "We closed the year with 25% core annual earnings growth and substantial efficiency ratio improvement. Our focus in 2014 will remain on meeting more of our clients' needs, driving profitable growth, and further improving the efficiency of the Company."
Of course it's going under $2 - there are many dead cat bounces on the way down.
I'm still waiting for you to provide evidence that I said I shorted at any price. You have none.
Price target = $1.30
Make that great announcement before the market open, then announce another cruddy quarter due to minimal Asia sales again - why did the company switch distributors again? And these new guys say they will get sales back to previous levels? When - 2019?
Even if we exclude Asia, sales were basically flat - pick up in US was offset by fall in Europe.
Back to .70s again...book value now 74.5 cents/share.
I can already see that 2014 will have a net loss for the year - I'm gueesing probably a loss of 10 cents/share. Regardless of (falling) strength in the balance sheet, that's not going to win any fans.
Can't wait to see what Brian Marckx says in his updated report. I can't imagine that he'll continue giving such a long leash - this Asia ramp up is going to take well over a year.
Will check back in 2 or 3 quarters. Maybe will buy back some shares below .70 in the coming months.