Pacific Drilling S.A. Message Board
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Do yourself a big favor and WAIT. We've seen this pattern many times before. The initial "pop" followed by a long, slow, painful slide. I've seen it at 3 stores just in my area. Initially, you couldn't get into the stores. Just a few months later, nobody there at lunch time and very few at dinner. This company has serious issues. Avoid.
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With a new CEO, one can only think (hope?) that this company will awaken from its decades long slumber and do something to realize shareholder value. With vast land holdings (most of any private entity in CA) valued at extremely conservative (old/low) prices, a hoard of cash, sleepy shareholder unfriendly management, and rapidly increasing land values. It is only a matter of time before one of two things happen. 1) either management wakes up and finds a way to maximize shareholder value (special dividend, stock buyback) or 2) some activist investor (hostile) will force them to do it! There is simply too much value inherent in this company for the sleepy management to continue to operate this company as their own private fiefdom.
Sentiment: Strong Buy
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When I look at earning Transcrips The earning not that great Why stocks up?
by thinker4u0007 •Apr 4, 2013 2:38 PM-$3.40. Like I was saying.......
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When I look at earning Transcrips The earning not that great Why stocks up?
by thinker4u0007 •Apr 4, 2013 2:38 PMThat's all well and good but the balance sheet will only take them so far. The stock is rallying with the market. The last earnings were disappointing and the company is in danger of becoming a serial earnings disappointer. The numbers are not good. Consumer discretionary is likely overvalued. Sets up as a good short opportunity.
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Don't buy PACD for the dividend. If you want that, buy SDRL. PACD has the best deep-water technology and the newest ships. Day rates are sky high with no drop in site. Their fleet is very attractive and its likely only a matter of time until someone just buys the entire company. Meanwhile, as long as oil prices hold up, the stock looks good. Buy dips around $9.50.
Sentiment: Strong Buy
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I'll give you a pass on the food comment since that's just a matter of taste but you obviously know little else about JACK and why its made this big run. The stock has completed a major re-franchising effort (exactly what WEN and BKW are just now undertaking). They have completed a major renovation of almost all of their restaurants. They have closed a number of lower producing stores. They have undertaken a major menu simplification. And, as a kicker, Qdoba has been a huge winner (and, indeed, may someday be spun-off). Their comps have been strong. Bottom line, JACK is in the midst of a major turnaround and the market has recognized it. At 20+ times earnings, it is a tad rich right now but is a serious buy on any meaningful pullback. If the market macros hold, it can work into the $40s.
Sentiment: Hold
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Guess it depends where you got into the stock. I have an average price around $20. That is a big score. I agree, the company is doing well and can work its way higher. But, the market looks shaky and the macros will impact even the best story. I'll take my profits and look to get back in for another push up.
Sentiment: Sell
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I have been long since below $20 and a big bull (many posts on this site on JACK). I think the valuation is getting a bit stretched in here. While the long term story (turnaround) is intact, the stock may have gotten a bit ahead of itself. I would sell off this earnings pop and hope to buy it back in the mid-$20's.
Sentiment: Sell