aren't they a Swiss based company? All US corporations are stealing so what
is the news?
$27 billion backlog... $3bn cash, option to eliminate dividend
to preserve cashflow.. plenty of unexplored,undrilled offshore
fields, Asian countries ready to contract (india/Vietnam/Malaysia)
oversupply at levels that can be absorbed quikly...
I guess u may be underestimating the sector.. a quick turnaround
is predicted in second quarter once China stabilizes.... Accumulate
She needs to first fill the gap at 68.. which she might next week.. then
a little haggling around 80-82 area.. a stubborn resistance at 91
once she clears 91... nonstop express to 110. All this will take
a good 3-6 months.. so patience...
Nope. She is donw with 1300's for a while... she is headed to
1250 first stop, 1230 2nd stop then 1150 non stop.
she has good support at 1235.. so she might dangle there for a while
but Russian matter can blow that support right out... 1160-1180 then
becomes a good possibility.. although I believe she may bounce right back to
1235 area... she trades between 1230 - 1265 for a while.
in premium over book value (PCLN book value is $ 130 all cash).
In exchange they are getting about $ 50 per share per year in EPS.
It will take almost 25 years JUST TO BREAK EVEN to recover the $1,170 premium
paid .over book value. WORTH IT ?? how does the "growth" which is not
even guaranteed help the buyer of this stock ?? LOSING PROPOSITION
if u are not in a hurry just hold on and make the nice 7% divi ..
in the not too distant future she should be back above 50..imo
u may want to look at some beat down bio-tech stock to make
up .. I am buying PCYC OMED and ALNY XOXO and NMBL
imo look for M and A activity in coming weeks... a la JOSB and MW (!!!)
wont be surprised to see a small fish swallow a big one... current price action
where companies are selling below book and waaay below replacement cost..
solid back logs ... I smell something is up here.. maybe ... maybe not
Competetive headwinds, price to book, declining growth rates
after a certain threshold net tangible book-value has to come into
play.. otherwise paying a pe of 36 implies it will take 36 years to
recoup.. assuming the company is still around... a T-note is priced
at a PE of 30.. with 100% gurantee of principal... fair value
of Priceline is 650... not a penny more..
External market events in play so maxpain will not work besides
max-pain theory works only 50% of the time... she is pinned to
1295 tomorrow... will test 1230 by march 22 and 1150 by 3/28
she is toast for a while .. may be a long while