You can barely sell more than $5,000 in the open market above $2.00. Stock price is not real. Moreover there are plenty of other toll mill operators and processors in nevada... take a look at the second link that comes up in the search. this stock is a joke.
July 3 (Bloomberg) -- Baird analyst Ethan Bellamy sees BBEP weakness yday as unwarranted
"covering himself after he spent all day bashing the current position to the company to analysts 1 on 1." ........... What do you mean by bashing the current position to the company?
they have legacy liabilities from poor policies that they are working on unwinding.... they also have an auto line and General liability line that under performs...However, all you have to do is look at the improvement in unearned premiums vs adjustment expenses and you will see the positive story behind FNHC. in addition it looks like the stock is about to breakout
Any buyback would just make the stock more illiquid then it already is and therefore it is not beneficial. I have been a silent shareholder of this stock for a while and know the company well, I also think the companies shares happen to be the most undervalued securities around and therefore is probably the best place for the company to put cash to work. But the only transaction that will make sense is a sale of the entire company. I believe once the Florida p&c market normalizes ( which it has been doing for the last two years) FNHC will be a great target for a larger player. Other then that it is clear the company is growing its book of business every quarter so if the company is in growth mode why kill liquidity? would you prefer a bid ask spread of $1.00?
Yes I would like a buyback but at the same time I would also like to be able to cash out at some point.
Sentiment: Strong Buy
Anyone have any thoughts on whether ULTR can make good on its bonds due in 2014. at these levels an investor can pick up a 20%+ yield as well as principle payback in excess of current prices.
Fidelity, is partly responsible for this irrational sell off, they are the largest holder of ACTG.... 7%!! and I have been hearing they are rasing capital liquidating positions in order to make up for recent losses in KNIGHT CAPITAL AND FACEBOOK... this will go up, the company currently has 400m in cash and business is now valued at 700m, worst case they could sell off patents and would have more then $15.00 in cash value meaning their is little downside remaining
If Aer actually had good management they would use the 100m-130m and pay a dividend and the stock would yield around 10%. instead they believe it is wise to buy shares back of a company thats assets depreciate over time. if they paid a dividend the stock would be close to 20 bucks.
Do you think cooperman is out of the stock or is he just missing from the call?? as a holder of greater than 6% would he have to file with the sec if he sold his position
I think we all know fcx does not get recognition for its silver or gold and 15% of revenues for gold is not much. and take a look at how the gold miners have been doing
From my experience and what i see is fcx price actions over last few months especially in relation to price action in copper is signaling a potential price collapse in copper. in these situations the miners move before the underlying commodity. big traders who have a feel for these things know they will get the most action by shorting the miner such as fcx in anticipation of a price collapse in the commodity. This trade occured in coal miners last year, while coal prices remain steady the miners got crushed and this year the price of coal has collapsed. I reccomend buying FCX with an equal beta weighted short on the jjc ( copper etf) that way one can be protected from copper potentially falling out of bed. if the jjc remains flat however fcx should climb much higher as they can make a lot of money selling copper above $3.50.