boring. 3 weeks later, still over $30. YAWN YAWN. Fair value $24 or $15 with Russian confiscation risk.
to perpetuate more scams? Sell stock to fools? Change your name and hope nobody remembers? lol. I think criterion burned for $100mil back in 2009 isn't gonna buy more GIGM stock.
their "results" may be more honest now than in 2009 for example, but I don't believe a word they say, for all I know they just pack a briefcase with 3mil and carry it off. Their "business" is an empty shell. Everything they do is just to steal money.
Nah book value is not 45, their books are so large that if you subtract depreciated assets due to commod prices, and other things. Last time I checked I got the number around 40 or lower, I just don't care enough right now to confirm. Shell fair value is probably $38-$40 but yeah I could see it trading at $45 I guess in a sideline fashion. At $55 its pricing in $85-$90 oil for some reason. The div will continue to draw equity out as well, which is a negative for the stock.
their div comes straight out of equity so its a huge negative for equity and the stock price. Every dividend paid is another deduction out of their savings account, and the company is worth less.Further, Their deals are typically that range or larger. The div alone pays out around $8billion a year from equity, ouch.
Boring. When $36 churns some more to sell to idiots that like buying things at 2x fair value, $29 will break.
Yes and when SIRI was trading at 7 cents it was a 5000% gain where it is right now. And when an OTC stock goes from .001 to .002 even though the bid and ask are .001 to .002, techinically the "last trade" is up 100%. See, I can say stupid things too just like you don, too bad you've been a buyer at $15, $10, $5, $1 and now 60 cents, you lost 99%.
Yes if GIGM liquidates you'll get $1, and if they take over another scam you'll get zero. in other words its a toin coss, why not just play 1 hand of blackjack? Considering GIGM's scam history, you probably have a far lesser chance of them liquidating and giving westerners anything but who knows.
Furthermore, I'm just saying $1, maybe after liabilities or intangibles its less, I don't know. I haven't looked at this scams books in a year.
See Don, your as silly as the last 3 CEO's that fled GIGM after their scams/theft.
with oil down 65%, Shell is now down $11 from its 5 year average only, and is now down only around 17-18%. How long until this either sits back at $45 or breaks new lows? Is anyone really stupid enough to think a 17% decline is a bargain here especially since they paid out 4 quarters of divs already out of equity that killed equity further. Food for thought. My guess is $40/fair value.
Whatever GIGM does at the current moment, I cant get in their had, the history remains that they have no business at the moment basically, have laundered and stole around 500mil since 2008 in bogus takeovers in asia, conflicts of interest and so on, and have always sought to make crystal clear that any GIGM money belongs to them and they will take in due time. Thus, its just a bank account Asians will never let you touch right now
Best case scenario is only worth $1 in assets anyway right? So whats the big difference between selling your stock for 60 cents versus getting $1 in distribution from these scammers? I told people to dump in 2009 around $5. And told people to dump at $15 in 2008. Its far to really try to get a great price to sell.
BP wasn't even $43 when oil was at $100. If you get $43 run for your lives, but you'll likely never see $40 within the next 5 years who knows though, market can be irrational. Fair value is still around $24 at best, ecluding Russian risk.
You're talking about a company with 2.3bil lt debt, 2bil in goodwill/intangibles, basically excluding worthless goodwill/intangibles you have a book value of $0, with lt debt exceeding liquid equity. And earnings margins are far too low in an environment where cost cutting is important Wendy's is pricey. Great food and all but horribly overpriced stock. Fair value looks like $4 or $5 with no upside due to toxic books. Oh well.
the dividend is utterly irrelevant since it comes out of equity not earnings, since they make nothing (nearly) now. they lose money paying divs.
"best is yet to come" is that why BP is lower now than 10 years ago? LOL. And oil is now 60% lower sustainably. When it hits $20 you can debate the upside at $35 its a no brainer just like $40 was, you sell and buy back to trade it at $27 and sell at $33 next time.
BP book value is probably a mere $14 or so after you deduct $20bil they owe governments, depreciated assets, and so on and so on.
Drop $10 jump $7, drop $10 jump $7. You could trade each bounce once and not even have to hold/own this. BP stock has decline for 10 years. That is the nature of an oil/gas company that never produces anything simply buys expensive fields and hopes to make the spread, ie, their book value always sucks because it costs billions in equity to keep earnings going. And soon Russia will take back Rosneft in the next 2 years probably, and global warming will kill oil/gas 50% used less.
fair value is $24 anyway, I wouldn't touch it over $30 and that's EXCLUDING Russian risk, meaning this could drop sub $20 at some point ouch. No thanks.
why the F would I buy this POS hoping it rises $10 in 3 years when it just rose $7 in 3 days. LOL. This is now a biotech stock I guess. Trade it for 25% in 3 days.