I've got an even more remarkable - and much sadder story. I DO have 1000 shares and I woke up to the extra $14,000. Oh, just one minor complication: yesterday, I sold 10 covered calls - March 35s!! I'm up $14,000 on the stock, down $14,000 on the calls.
No news that I could see. Volume about 2x normal. To me, best indicator is the technical scores. The Dorsey Wright chart is a beauty with a 5/5 attribute score. I'd buy more if ANIK wan't already a full holding.
I was hoping to see some meaningful information on this board.. I could find no news behind the drop. I'm also taking comfort in the low volume.
Am I the only sick one? I've got this nice holding that's done just fine so far this year that just had a small miss. And we're down 14 Frigging Percent !!!. I'm off several thousand dollars for cripes sake!! How can everybody else take this so calmly? And does anyone have a glimmer of a favorable perspective?
I think this sell off is way overdone. It was a tiny miss. I'm holding. If I wasn't already at my self-imposed one stock limit, I'd buy more. Note that it has already come back nearly a couple points.
If based on that single Australia project, think the sell-off is way overdone. I recall that the CBI backlog was several years' worth of work, and I doubt that the "chance" of losing this job could justify a 5-6% haircut. I'm not going to be concerned.
I think I may have an answer. The deal is not supposed to close until 3rd qrtr. 76 is now the top. We have to sit on this puppy for 6 more months with little or no chance of anything more than a $1 gain. My money can do better than that so might as well get the hell out now. Any reactions to this?
The earnings report was nothing but positive. How could that possibly result in the price drop? I'd appreciate a reasonable reply from someone with the knowledge or insight to explain.
I don't understand today's 8% drop. From everything I read, the special dividend is based on February 5 holding, not February 1. Why the hit today? Thanks for patient and helpful answers.
I just looked at some stats: only $5.00 per share of cash. LT debt of over $3 Bil ! A ridiculous high debt to equity ratio of some 300+ . There's no way this baby can justify any dividend, let alone something "special" that could hit the share value. Besides, I see no news mention of a dividend. So, as I asked, what happened today?
I see a drop from 145 to 130, but no explanation, no news. If it's obvious to everybody else, sorry for being clueless. I can't even find info on a special dividend or split. I'd appreciate anyone setting me straight.