And I believe the stable will settle at 2.
I'm OK with this as this is a unique industry and it has to cater to big-money on occasion. If a big-wig in LA wants to visit a club in TX or FL then RICK could offer a free ride to the site. "Free" is the operative word as the person(s) will more than offset the cost at the club. THAT scenario is the event that gets my OK. And that ONLY if the accounting is done to show that the planes are not a significant loss-leader. Better yet, they should be adding to the bottom line.
A T&A club has certain obligations to their clientele. And they have to cater to a broad spectrum of customers financials. There are a few on this board that can't see past their Geo Metro windshield. I understand why they take issue with concepts they'll never appreciate in 5 lifetimes. But, I'm NOT giving the company Carte blanc to over do it. Such a fine line between good business practice and ego-of-possessions. I'm not comfortable with a "look-at-me" presentation but the ownership of the company. I want prudent acquisition of "stuff" that adds to the bottom line, not items that add to ego. I'm trusting that the BOD and the management of RICK has a grasp of the difference here.
So there's a group associated with TQNT that sad because they didn't get an (on average) 51% pop of a premium. They're putting up quite a fuss about the meager 5.xx% that they'll get which translates to 9.7Xish (DESPITE the fact that it closed MUCH higher than the 1.6X premium today!!!!!)
Here's the players;
Vangard. Who had the intuition to double down on RFMD with their latest 13g/a filing. This double down was on a company whose stock couldn't get out of it's own way over 6 YEARS!!!!!
Blackrock. See Vangard above. But double down EVEN MORE on a channeling stock which usually resides below $5.00. How did they know to "all-in". WHEN did they know to all-in? The merger talks didn't happen in a vacuum and they didn't start on 2-24-14. Hmmmmmmmmmm. Insider leaks BIG TIME!!!
Enter the disgruntled mix at TQNT. They're starting a class action ASAP and are petitioning for support to take the merger conditions back to the table.
Now the BIG ONE. (and this didn't hit me until I read the latest news release tonight. For some reason DA Davidson & Company came out with a downgrade of RFMD and TQNT. This curve ball on the day of the news release. This DOESN'T happen!!!!!!!!! Unless, you're in bed with the opposition who needs to support their decision for a "lower" merger price. The TQNT activists that want to renegotiate the merger conditions now have to deal with a large anal firm that says the companies aren't worth that much. Hmmmmmm. How much did DA Davidson & Company get for muddying the water? NO ONE renders a DOWNGRADE on the day of the merger without having an underlying reason. (The operative word here is lying!!!)
Stay tuned. This WILL get ugly!!!!!
Wow! Looks like I get a 2-for with this old post. (The spike of late Jan AND today!!!!!)
I love it when I can recycle a post.
What a great stroke of luck by these two powerhouses. LOL!!!
Ya gotta love the stock market!!!
The only other piece of information that's missing is:
DBR and Spec will come out of the woodwork and explain to the board just how good a company RFMD really was and that they were both LONG by tens of thousands of shares.
Come on losers. Tell us just how much ahead of the curve you were and that you were just kidding about 5 years of RFMD bag-ons. CAN'T WAIT TO HEAR THE NOISE.
So here's how it works you collective misfits.
I type a post which addresses trading trends and market conditions which make effect RICK, the equity. Some of you believe that bagging on the poster will discredit the originally well-constructed and informative post.
Here's communication skill 101.
If you want to come off as credible, address the body of the post and NOT the poster. You see, those that attempt to bag on the poster are clueless as to how childless there come off. Here's a common "come-back" that these sorts use in a discussion. (Try to see the depth of the response if you can. Here goes) A remark is made to these ignoramouses. They reply, "I know you are but what am I? You've seen these scholars. Nothing to add of substance. But if they say nothing loud enough if comes off (to them) that they actually said something. These sorts always fail in the workplace and in relationships. And BlueBerg comes off as the poster child for this childish form of communication. What's missing from her posts is the breadth holding and throwing themselves on the floor and kicking anything they can reach. And for Blue, this is an example of UPPER level communication for her. No wonder the posts on the RICK board are so shallow. It's tapping a dry well on the intelligence front.
These clowns are also privy to my brokerage account as they are forever broadcasting my current positions. LOL!!!!!!! Just how this idiot is aware of my holding is beyond me but which each post I offer, she tells me what position I'm holding, and why. Perhaps you'll do my taxes for me this year? LOL.
Grow up clown. The readers of this board have an I.Q. over that of an earthworm so please address them as such.
Sentiment: Strong Sell
I guess you're a bit clueless about how credibility and communication works. I'll school you on this in a separate post that has "schooling" in the title. I'd hate to waste the appropriate reply to your ignorance in a thread where others won't be able to see you get your comeuppance!
It's not a secret that the 12.05 after reporting was the high as RICK will get this go-round. The programmed slow-bleed of the stock is in mid path. But the process that's being done is worth noting. The punch line will be given first. KEEP AWAY from trading RICK. There are VERY FEW pukes that trade this equity and they trade back-and-forth between themselves. The daily pops to the short term highs of the day are nothing more than a posturing for a short acquisition to being the stock back down to new daily lows by days end. This is ILLEGAL hand-shake trading that is extremely hard to prosecute. These penny-anny pukes work RICK for a few 100 dollars a day and walk away happy for their efforts.
The problem here is that the action is unopposed. These low lifes have carte blanc on the days" events since RICK is a low float, obscure entity (Except for the days before reporting). I can only make the observation but I haven't the finances to change the pattern. So will RICK will remain a zombie stock until such time that that a whale-sort, or, some one with balz, or a group of investors that'll break the back of the current losers.
In the means time, RICK is a zombie stock, controlled by very few. It'll never see growth unless management does something to address the investors' plight. LIKE INTRODUCING A 1 TIME DIVIDEND. That'll keep the pukes honest. Right now the fox is ruling the hen house while the farmer and his rifle sit in the house watching ESPN. So git off your ax and shoot the fox.
Red-meister. Maui is not me, is not him. I'm confused as to why all the paranoia on these boards. Have you people nothing else to do than to live out your fantasy of being cast on CSI-Yahoo???
BTW. A very interesting day yesterday. I know you'll not believe this but the short trade was as good as the long. Money made BIG Time both ways!!. But I'm not seeing SGEN stay at these lofty levels for long. At some time SOON the Baker Bozo's will need to start skimming off the top. (And I can't blame them BTW as they orchestrated this 8 to 50 over the last 5 years. And keep in mind that SGEN isn't moving higher on it's own. The whole bio sector is pretty hot and SGEN is significantly drafting the direction.
Sometimes that's correct. Or at poolside, or on the golf course, or in my den. I guess what's important is NOT where the post originates it's the substance of the writing. So even from your lofty state you still publish nothing. See the point here?
I'm going to break tradition by answering your silliness.
BTW. You'll get MUCH more credibility here (you'll be starting from ZERO) if you address the topics only and not attempt to address the poster. Additionally, just how much credibility does "Cramer ...." as a user ID command? Once again, ZERO. (Seems to be a continuous theme with you ZERO!)
But I do digress. There's 4 of you who do nothing but spew negatives about this company. That alone is worth a cautious eye as NONE of the 4 of you add even a suggestion of objectivity. The problem is that you don't realize just how silly you sound. You haven't move this equity ONE PENNY. On the contrary. My posts are intended to inform to the goings on as best I can from my office. Sometimes my input isn't pro-RICK and sometimes it's positive. But NONE of the posts are waffling to enhance my position. You're just going to have to go with that.
BTW. There's VERY FEW traders of this equity. And with that I'm sure part of the trading strategy is to cover all bases. Yes, even a silly Yahoo M.B. So go ahead. Knock yourself out. No really, knock yourself out!!!! You'll be doing the board and perhaps society a favor.
Then maybe the picture has changed back to a different time. That might be good or bad but the picture (holders actions) are certainly more healthy over the last 3-4 weeks. I'm not sure what you're trying to say. But since you're contribution are usually worthless, you've probably said nothing once again.
I hate to break the trend of useless posts by putting something worth contemplating, but, I get no pleasure out of posting garbage. So with the Hustler news from yesterday, it behooves the curious ones to petition IR at RICK'S to see what their preparedness is for the whole tax situations.
Hustler is a small business that tried to snake the system by non-compliance of the tax laws. RICK's, being on top of the situation and in no position to fight with the powers-that-be (as the screws could be put to a T & A franchise), have paid the appropriate monies to the proper authorities as they go. They're VERY much aware of what they do as a business and are taking appropriate steps to NOT become an issue to the city (that's HUGHLY counterproductive)
The other states that require fees / taxes are all accounted for. And, the looming Pole tax in TX is being expensed in the 10K each Q. So if the courts see the pole tax as "legal" then RICK has those monies expensed out. If the pole tax is thrown out, then, there's a bunch of money that can go to .......... not discussed with IR as that would be conjecture.
Hope this helps. (It did for me)
Believe it or not RFMD has actually acted like a growth stock since 3 weeks ago. I l]held back in posting this just in case it was a flash in the pan effect.
The Form 13's that have been filed recently does now suggest that the institutional mix is more interested in a growth strategy than it is in working the stock daily. But the MOST telling concern is the actions (or lack of) of the Wizzard Rudy. So Suzy, care to share with us why the sabbatical on sales for our insiders?
Hustler night club in NY got dinged today with a multi-million tax levy for lap dances that they didn't collect / pay. Ya gotta hope that RICK has prepared for this event in their handling of this issue in their NY clubs, and, other venues where legislative-sorts want to increase city coffers $$$$.
I know RICK has broached the topic. I'm of the understanding that, whereas the issue is in the courts (multiple states) that RICK has salted away the appropriate funds IN ADVANCE instead of taking it out of earnings in BULK in ONE QUARTER. I'm sorry, but that type of news WON'T be received well and the pukes who F with this equity will have a field day.
So RICK management. I'm hoping that one of you actually read this post and are putting monies away for a rainy (legal) day. An ounce of prevention ................ well, you know! The chances of the "tax" being legal and levied WELL exceed the chance that this means of city revenue will go away quietly. And here's some help for you. The LEGALITIES of the tax have NOTHING to do with this issue as the powers that be will side with revenue production over Constitutional basis EVERY TIME!!! SO PLEASE be preparing yourself for the inevitable!!
I thought you were going away? Not surprised as this is yet another example of you lack of credibility.
Let me help you (AGAIN) with a judge Judy-esque analogy.
Let's say that Ms. Heins-blue bought a house for his/her family. That bozo is in debt for the mortgage as she didn't have enough funds to buy it outright. Within a year, this same moron, knowing they're in debt for the house, go out and buy a car. Yep, they get a loan which yields additional debt. Add a vacation into the mix and you'd think that this goofy family (you might know them well) was fiscally irresponsible.
But guess what. This is how the world works. In order to get ahead you take out loans and some risk. You make payments towards your debt and after a while the vacation, the car, and ultimately the house, is paid off.
So help me here. Toyota had to build HUGE factories in TN in order to get manufacturing here. Intel and Microsoft had to build HUGE facilities for manufacturing. CMG (My own personal "I don't get it!") is building burrito chops all over the place. And with each new building, I don't hear anyone talking about the debt burden.
So again .Move on to the next topic All you're doing is making yourself look like an axe. The loan / repayment issue isn't new to RICK. But it IS one that you choose to make an issue. Perhaps the sun rising and falling will be your next endeavor to complain about as that is ALSO a natural event.
Gotta love market pukes. They gave the ole early morning head-fake on moderate volume, then, reversed course. These are sneaky pukes but pukes none the less.
Interesting to note is that the major institutional upped their holdings by 28K shares and are now at 7+% of the total float. BUT, The MAJOR issue is that RICK is only 25% held by institutions. That's NOT gonna cut it over the long haul as this company needs about 70% participation at the institutional level in order to take off. But, this is a "sin" stock and I'll imagine that only select funds are set up for a T & A component to their portfolio.
Watch the volume today as a minimum of 120K shares need to change hands. (get traded). There'll then be only 2 roads to go in the near future.
1. Under 120K the pukes would not have acquired enough short shares at the highs of the day. This bodes well down the road as the short interest will be low relative to the last post-earnings shenanigans.
2. The volume spikes at days' end and the price closes near $12. This is a bad sign as the creshendomto the day would have been the accumulation of short shares at the highs. this'll give way to another 2.5 month slow bleed as they cover these shorts.
3. What I WISH would happen. (unlikely!) that institutions with long term holding interests enter at days end. This hold the price up vs a slow bleed. RICK has now become a bleep on the radar as a early entry into growth territory. The signal needs to be stronger AND RICK has to watch their expansion plans closely as the market is CLOSELY watching the debt they're taking on while moving forward. NOTHING in the last 4 Q's has suggested that they're acting irresponsibly. There's a wealth of companies in the same market cap arena that aren't doing NEARLY as well as RICK in earnings and cash flow. Perhaps going private again might be the answer as the investment world doesn't get it.