Company's announcement to purchase stock is the greatest BS and pump I've seen in a while (and that's quite a accomplishment).. TGI barely has enough cash to open a pay toilet. They have a very high long term debt load...and a Negative tangible new worth. Yet this POS is up 2 pts in aftermarket. Good luck (NOT) to the dufus buying on this "news". Vat a dumb terd (censors)!
Thanks for your message. By 'set up' I believe he's presenting all the negatives, albeit recognition of the $20/share and $0.00 debt, to blame past management for emphasis on commodity products. He wants to place less emphasis on commodity-like products and concentrate on more profitable ventures. While this sounds good 'on paper'; one doesn't 'kill the golden goose' until new products and revenues replace the older products. That's why I felt like regurgitating reading the transcript wherein our new leader knew what's wrong with ICUI and prior management after 5 days and scared the hell out of the analysts! Being #2,3 or 4 at Carefusion may not make for a good #1 at ICUI. He's now lowered exceptions, removed a takeover (for the immediate future), and can claim credit for any upside from the low stock price he has created. And Mr. Lopez can just sit there and #$%$! later. IMHO
His evaluation was a set up. He's nothing less than an #$%$. This is what the BOD selected to run ICUI?
Holy Shitolie, are we longs in deep doodoo. What a bunch of furken losers!
One may ask if this POS has a bottom. Like the ocean there must be a bottom, but with the L ownership, we may see this dig through the ocean bottom. They SUCK! and so this dung heap. Happy Investor in DO (NOT)
Yes, you are correct. I am NOT aware of a particular new breakdown. I have suffered through breakdowns at both CVRR and UAN which affected and confused investors resulting in declines in both company's stocks.
My comment was meant that disclosure of these events was not made public until included in SEC filings...thus giving insiders, and those that live near the sites (I;m kidding), knowledge of the events before typical investors (like me) learn why the stock went down.
These guys are just not forthcoming about negative news until the last possible time per required disclosure. That's life! It would be nice/fair to learn of events the same time the professionals learn thereof, so we may have an opportunity to react before a 25% value decline. regards,
Remember...I'm the one that still believe in Santa at 70!
Thanks for the good wishes...and I wish you, and all people who care enough to voice their opinions and questions on the boards, a Merry Christmas and successful New Year. I follow the stock movements of other refiners such as HFC and VLO (Marathon is an integrated oil play) rather than crack spreads etc. CVRR has its own movement (I liken it to a bowl type).
Icahn owns 6 million share of CVRR and only prox 25% of company units are publicly traded. When Mr. Icahn wants this thing to move, it will move. During the interim, collect the dividend/payout, UNLESS they have another undisclosed breakdown and then refer to the investors final move, pray!.
LOL to we longs.
I'm long at $26.71 after secondary. (1) This company is a 'one horse' operation and like UAN is sensitive to the slightest down time. Neither UAN or CVRR is forthcoming when they have breakdowns and therefore I consider 'em NOT to be stockholder friendly. (2) Both CVRR and UAN are on their respective #$%$. CVI is the holding company and general partner for both and is comprised of these two doggies as their only 'subsidiaries'. It would therefore seem CVI intelligently should not be increasing in value as its entire earnings base is decreasing. I am also long UAN and CVI and have earned the nickname of "The Stockmarket Moron" (what Yahoo board members would call a Bagholder). Carl Icahn has made his money on these puppies and I recommend you check with your Proctologist before going long any of these three and you get crunched watching the crack spread (my butt).
You may be right; but, at this time IEP has moved from 149 to 116. Similar to a mutual fund warning...last year may not be indicative of future performance. I believe Mr. Icahn is a financial genius...but, a 'small' investor must cover their respective buttox, as Carl is NOT your friend! Good Luck anyway.