I was buying more stock actually, different approach I guess
If you represent the Short side, my confidence gorws by the minute. Obviously not going to zero unless the market is clueless like you seem to be.
$100 million divided by Market Cap is close to 5% dividend just for that one payment. Kind of redefines the concept of piddly I'd say. You would have to assume it gets reduced longer term but by how much? When the smoke clears and people that wanted out of the stub are gone, we'll have to see where valuations start coming in. Like I said before I have only seen $16 and $24 so far as targets, beyond the pundits that are saying the sky is falling and the company is going out of business next week. That's what makes it a market though.
My guess is a Tepper or someone is stepping in. Pretty sure that $16, which at the time was suggested as the stock going nowhere, suddenly looks a lot like a somewhere. The Shorts are leaving the room.
Why stop there? US mainland is technically insolvent and has been for years. Of course your dollars are worht less every day so getting them out of the bank doesn't do much for you either. Good lukc on thos short positions but frankly I'd cover before the market closes.
Hey they follow the Amazon plan, increase volume, lose more, fools bid your stock higher. Just hope when the air goes out of these baloons it doesn't take everyone else down with them. I am still immensely confident this company is not around in 10 years but you'd have to be a fool to short it when profits are not a consideration to their shareholders.
Someone seems to think at least a generous portion of that may be sustainable
They already cut the dividend, rather not see that happen again. Blood bath? Little late on that call I'd say. Maybe read up a little more and get back to us
Good riddance, take Peltz with you. I'd lay money he is selling his shares today which accounts for some of this action. His specialty was Hamburger Chains, etc. so why exactly was he here to begin with. Short term activists are useless. My wife is averaging 26% returns per year including dividends, where's the problem?
Personally I doubled up and will check back in 10 years and be happy. Wasn't Trian supposed to be the Fast Food experts?
They have THOUSANDS of products, try reading a few labels. It was idiotic to even state anything remotely close to the initial post.
"Additionally, Energy Transfer's bid for Williams could rise to around $70 per share, a price that would likely knock out potential bids from Kinder Morgan or Enterprise, analysts at Credit Suisse said in a note to clients."