I tend to agree. Or, at least it will likely languish because the next quarterly report is months away. Unless there is some huge news, it's not clear why this would rally or even maintain price. The good news of new products doesn't seem to have helped much. It's a longer term hold, if interested, it seems. Good luck.
It might still have additional impact as the news gets around more fully.
The $15 million might not hit the earnings report in full, though. It might get amortized over a period of years for some reason. So, it would be on the balance sheet as cash, but might have some kind of reserve or whatever delayed reporting as income. Accounting is sometimes quirky.
Very often there are covenants in debt instruments preventing either dividends and/or stock buybacks. Not sure if they exist here, but would not be surprised. My point is that even though that idea might work in theory, they may have had to bargain away that course of action.
About two and a half million dollars worth of the stock trades on a typical day, which is about two percent of the market value. That is a reasonable amount for a day's trades.
Sometimes, too, with smaller market values, there are fewer parties interested in trading, so volume tends to be lower. However, overall, it is okay given the market cap.
Yes, I did. Most are gripes about things that have not changed much over time, and certainly don't change daily. GXP isn't losing a large amount of revenue due to solar, despite the solar postings on this board. The salaries are high -- yeah, same with other utilities and companies in general. So? None of those things should cause the stock to vary much, especially in a day.
By the way, from what are you proposing to liberate investors?
That sounds good for you, but for everyone else -- not so much. For every additional person that eats there, the value drops dramatically. So, it would be a "pretty" but "lousy" investment for the rest of us. And, it will no longer be organic due to the addition of lots of inorganically grown substances.
I think what you posted about was a private investment and doesn't belong on a public message board. Nevertheless, I am glad for you. Munch long and prosper.
Why, instead of an intelligent response, did my question get two "thumbs down"? I really do not understand either one -- why a steady-Eddie utility varies so much in value and now, why isn't asking that a good question?
Not much info on the stock. Message board mostly BS spammers.
Do people actually buy stock advisory services due to the "selling" on stock message boards? Those posts seem like a waste of time for the poster as well as the reader. I don't understand why they don't fade away.
Why is the stock more attractive to you at a lower price if the performance of the company is also lower? Thanks.
Since the bank is so heavily exposed to North Dakota, which is so heavily dependent on oil, there can be no denying that the company will experience some negatives if oil prices don't rebound soon. The quarter was great, but that is historical. Looking forward, the threats are so great that I will try to not be tempted to buy back in, until there is more clarity.
Good luck, longs. I hope your investment is duly rewarded.
If the US had growth of 7.2% we would be downright giddy. I still say that ANY growth in China is still growth and involves more factories and power consumption. And more automobiles and other vehicles used by those factories and by the recipients of wages and wealth. More energy consumption, not less.
All the news is about a glut of oil and fear about ever using it, while talking about the growth rate slowing. Slowing, not going negative. And, in China's case, slowing from a crazy fast pace.
The bottom line is growth continues and it continues to consume more oil and other forms of energy, which can include solar.
Maybe so; but, it's possible that it was severely undervalued and now has a new following. I would guess that the odds are in your favor. On the other hand, despite today's drop, the stock price has held up reasonably well considering it's recent run up and the market's general sell off.
The good news is that if the company continues to make gains, this price ought to look cheap, somewhere down the road. Might you buy it for less int he interim? Sure, it is entirely possible.
Obviously, not "everyone" is buying. So your information is not reliable and neither would be your recommendation of the stock rag.
Again, I say, arrogant and, I would add, condescending.
Maybe look in a mirror.
Nevertheless, good luck.
Well, it's good to know there are geniuses left in the world. If you lived through a depression, you would likely be less arrogant and cocky. People suffered and there is no point in putting them down more. Most people knew there was opportunity if they could invest, but most either didn't have the extra resources to invest because they were barely surviving. Some that had extras fed and housed others out of compassion, so they didn't have fun money to put away for the long haul -- they "invested" in helping people survive.
I also knew people that owned farms free-and-clear but lost them anyway because they could pay the taxes on the land.
I know people that during WWII bought "War Bonds" because they thought it was their patriotic duty to help fund the government. Others bought land. Inflation more than ate away the War Bond interest, so those people lost purchasing power. But the people that bought land prospered. One could say the bond buyer helped the land buyer prosper by helping the country more directly. However, the "winning" investor takes all the credit.
Lastly, just because an industry rebounds doesn't mean a particular company will make it. Certainly not every oil and gas company will survive forever if prices stay low.
Good luck with your "enormous amount of money" and your perfect timing on your trades.