Isn't it more of a question of accounting? WHy would they under report? Wouldn't they be more likely to over report (as every time they have weak numbers they lose billions in market cap). Wish IBM and the Feds would just be a bit more transparent on this issue as it has huge ramifications for investors.
A lot of companies have ugly long term charts; not sure that is always the result of bad management. Sometimes it is traders/market forces that create that chart, especially in cyclical stocks/industries. I've held MYL a bit under 10 years and felt management did a reasonably good job in building through acquisitions, and managing their portfolio of products. I agree that the last year has been egregious. The inversion, hostile defense against TEVA, and hostile bid for PRGO, has done great harm to this company, perhaps irreparable. Management came off as arrogant, hostile and unconcerned with shareholders OR stakeholders, for that matter. I am surprised that a shareholder who has had issues with management for 25 years didn't take the opportunity of a $70+ share price to get out. Since the stock had performed well for me in the period I owned it and management had seemed relatively unobtrusive, I was kind of blindsided by the heavy-handedness of this years actions. My comment to estes77777 was based on the fact that the post offered no insight. It was merely venting -- which I would have ignored, if not for the comment at the end that management should be "thrown out"(okay)... along with MYL stock (huh? this is not the comment of a shareholder, but of someone who wants to undermine shares... perhaps because they are short MYL or bitter over losses). It is not a constructive comment, and I sometimes become frustrated with people who clog up the message boards with their personal agendas.
I wish there was a way to limit these boards to less hostile, more insightful discussion. I also am not happy with MYL management, but as a shareholder, I don't advocating "throwing the stock out"(the implication being that it is worthless). If estes77777 is/was a shareholder who got fed up and sold, I totally understand. Just state ones position... "don't trust management, I sold..." No reason to undermine those still in (unless the poster is short). GLTA
You did not state a single fact... or make a case... and when called on it, you resort to name calling. If you were a shareholder, you wouldn't say the stock should be "thrown out." You would simply be lamenting this management's recent decisions (the stock did have a good 5 year run 'til this year). Are you short? You never said you were a shareholder.
Is there something in the MYL meds? Everyone is in fantasy mode today. We all want to see MYL management get taken out due to their arrogance and disrespect towards shareholders (though, these same shareholders did respond by supporting the PRGO offer)... still where are you getting this from? Other than your imagination...
Nice fairy tale! Like that you are exploring your creative side... but what is your basis for this, other than wishful thinking... Don't get me wrong... I'm right there with you in sentiment. Problem is shareholders (including Abbott) supported the PRGO deal and the tax inversion. My fear is that tax loss harvesting will drive this lower, as practically EVERY shareholder has a big unrealized loss in Mylan. Long term shareholders got whacked by the tax inversion, while short term shareholders got whacked by the rejection of the TEVA offer and the missteps of MYL (mis)Management... That means every shareholder has an incentive to sell. Though I'm holding... for now...
Hah, hah! If we get a bid now, it will be in the $55-60 range(if not lower)... about 50% premium to todays share price. I am a long term shareholder and don't want to sell here, but feel this stock and company are broken. Still has good assets, and is worth more than current price, but management screwed up big time -- on behalf of all stakeholders. They talk about saving US jobs... while also talking about synergies with PRGO... Synergies of course, is another word for LAYOFFS. Also have a big cap gains tax bill from the tax conversion, and now a big (unrealized) capital loss from the precipitous decline in the share value. Unfortunately, I suspect Mylan may go much lower towards the end of the year, as shareholders sell to harvest there losses to offset their gains. Most of these investors will likely not come back to MYL. Greedy management! The only "stakeholders" they were watching out for were themselves! Holding for now, but trust in management is irrevocably damaged.
No they don't. And they don't do math either... Re: SWKS @ $79. Writer said analysts saw 30% upside ($104) setting a new multi-year high. Oops... this years high is $112+ Everyone is in such a rush to say something that it does not matter if they get it right. Right, wrong, unedited, who cares... they'll post something else in a few minutes.
Sentiment: Strong Buy
So tired of bashers. Why not say... "I'm short, I think this is overvalued (and make your case)... and I think this is going lower." There is no "rumor." SNDK engaged investment banker to explore possibility of a sale. Stock is still green for the day... and is certainly not dropping $9. I guess you are not comfortable saying, "I went short at $50.... got handed my #$%$ on a platter and doubled down at $70. If this goes any higher, I'm looking at a margin call." For the record, SNDK has not bounced any more than MU. Chips were and are excessively beaten down. The street over reacted to the downside and now people see value. If a deal materializes for Sandisk, it will go a lot higher.
And it was $100+ a year ago, so what is your point? Obviously you are short or you would not care so much.
Okay, so you are short, too. Go ahead short more shares! Makes me want to buy.
Wow, you are so right! If I were you, I'd short it. If you short 5000 shares and the stock drops 50%, you will make over a quarter million dollars! How could you go wrong. (~:
Make sure you hold your shares in a cash account. Most brokerages automatically place your shares in a margin account (even if you paid cash). As a result they are able to lend your shares to short sellers. If you don't want your shares lent out, call your broker and tell them to place in a cash account.
Wonder if short selling is driving this down. Really low volume, but this stock is down 10+ % in the last 2 hours. Feels like manipulation to me...
What is your problem that you get pleasure from other people's pain? I don't own this (actually want to buy for the long term), but I've had stocks like this and it's no fun. I guess you've never been there. Or you totally lack empathy. Better to lose money than be a loser at life...
This stock needs a flush. Get all the weak hands out on high volume. This just keeps legging down... and will continue to do that until we get capitulation. 5 handle? 4 handle? Let's just get it over with.