Better re-read the entire report. You're in a low interest rate environment in a recession. Record profits, yes, revs down,....but every earnings report has something not to like. 3% div, great prospects, great reputation...consistant....maybe you should go and buy some FB or something else to excite you and keep you awake at night...
Dopes selling off shares on decent news while JPM flat on losses. Go figure. Added 1000 shares at $40.64 Loose hand shake out and MM's expecting calls from shareholders.
Hell, it's run up over 50% over 12 mos....no hurricanes to speak of and this is causing some concern ; spurring lots of put buying to protect at $40 and $35 for the month of November...I've sold some Nov 38's which are under water somewhat, but still holding on to them and will take the shares at $38 if they end ITM. Good Luck
At 47 X earnings, lots of people are going down with this...might take a while, but the air WILL come out.
Obamacare will do nothing but bolster DVA. All preventative care MUST be covered by all insurances. DVA will be a HUGE beneficiary. And Warren Buffett agrees. Think you're smarter than Warren Buffet?
You will see God before you see PNRA at $80. Saying something so stupid could only come from a pis sant with a paper route. Now go clean you #$%$ trailer.
You forgot to change your alias. failed restaurant concept?? really?? Every PNRA I've been to is jamming. Healthy food is I hope, not your best idea of a failed concept. With over 1700 stores, there is still plenty of room for expansion. Restaurant revs are inversely correlated to auto sales. The next mediocre auto sales qtr will see PNRA doing well again. I don't own the shares but write naked OTM puts and am short the NOV-145's, which I think will hold.
Could keep going higher, but in any sane market, a miss would take it down. I'm short Nov-55 puts but I won't touch shares here as I believe the risk reward ratio justify me holding any. If I can get the shares at $55, I'll take em'. GL
So,....you're saying we make a new 52 week low. I disagree w/ your comparison to CAT. I expect that with improving global economies, DE will trade sideways for a few qtrs. absent a blowout earnings report. I'll be looking to back up the truck this week selling naked OTM puts at the 80 strike and if we get a pullback this week, some 82 1/2's. The tight trading range in DE shares this yr has made me a small fortune; it's been like shooting fish in a barrel,...with no water in it.
Down volume drying up. Another day or two and we could well be clear of any near term low. Put options paying massive premiums as shareholders willing to pay big for fear insurance. "Puttin' on size" here, sold 20 contracts of CAB-60 strike puts naked at $1.80, betting CAB holds $68.20 or higher come 11/15.
Thanks for buying my WFM puts; which I've been selling naked for years as WFM keeps cranking. Thanks for paying for my new sailboat (Beneteau 43.3").
Firstly, they're not. No insider selling since may, when the stock rocketed to it's 52 week high and mgmt. saw an opportunity, like any of us greedy people would have. Secondly, I get a lot of comfort knowing Warren Buffett has quietly acquired 15% of this company. He's not bought many dogs. Guys like you are necessary for me to make a bundle selling naked puts on this gem, month in, month out. And thanks for yelling fire in a crowded theater.
It's bounced off $58 and change and selling volume has dried up. It's looking more and more like an opportunity. I'm short a raft of contracts on the 55 and 60 strike puts (synthetic long). Dec and beyond OTM puts are paying a lot of premium, telling me their is still a lot of fear; which is, a contrarian signal.
Looking like lowest close since mid july.......I sold some Dec-30 puts and today, in for 1K shares...unfortunately, at the exact wrong moment....at $31.49
Anyone's guess how this will play out. It's stunning to see the stock down $2.46 in AH trading on 34,500 shares, despite what seems to be a narrowing of guidance to the higher end.