"Penn has been dishonest about the upstream energy loans all along."
Rye you stated in a previous post that Penn was being dishonest so why would you put more money into a dishonestly run company. I'm not criticizing you but this seems a bit odd to me. Did your opinion about company dishonesty change since yesterday?
I just saw this and it's probably the reason for today's drop. It's a shame they rarely provide a reason.
Analyst Actions: Robert W. Baird Lowers PennankPark to Neutral from Outperform, PT Set at $6 - Shares Off 4%
The 52 week low is $92 the 2 year low is in the low 80's so what exactly are you talking about wooly boy. If this falls into the low to mid $80's I will be buying as much as I can. Everyone knew the comps would be tough this time around so this is ridiculous and India market is just getting started as is Apple pay. This is STILL a great company with a lot of cash!
This stock and other volatile ones like it will get taken from you 99% of the time if you buy and use a tight stop loss order strategy. If you like the company hold them and average in over time, don't use stop loss orders. My humble opinion.
IBM joins forces with Micron to enhance its state of the art Flash System Storage Arrays.
The memory chipmaker is reportedly providing its high powered flash memory chipsets to IBM’s massive systems.
Meanwhile, Mizuho Securities issued positive comments about DRAM prices after Hynix posted financial results for its first quarter earlier this week.
The problem with your idea is FB is already making a massive profit whereas AMZN hasn't quite figured that part out yet.
“It's better to keep your mouth shut and appear stupid than open it and remove all doubt”
― Mark Twain
Just like UA but more shares!
"We also announced today that our board of directors has approved a proposal to amend and restate our existing certificate of incorporation to create a new class of non-voting capital stock, known as the Class C capital stock. If the proposal is approved, we intend to issue two shares of Class C capital stock as a one-time stock dividend in respect of each outstanding share of our Class A and Class B common stock."
Over 51 MILLION iPhones sold, OVER $50 BILLION revenue and OVER $10 BILLION in profit for ONE QUARTER, poor Apple. I'm sure every company on the planet would love to post those numbers! Did I mention Apple entered the quarter with $233 BILLION in CASH and only $72 billion in long-term debt.
At least a dozen investment firms slashed their price targets on the stock, which was once considered a Wall Street darling. Among them was Drexel Hamilton, which cut its price target to $185 from $200.
"As the iPhone 6-Series nears the end of this two-year cycle and the macro backdrop remains challenging, volatility in Apple's results is to be expected," Drexel analyst Brian White said in a note to clients Wednesday. He said he reduced his fiscal third-quarter earnings and revenue estimates to $1.37 a share and $42.05 billion, respectively, from $1.60 a share and $44.55 billion.
Absolutely, the majority of the so called downgrades still have Apple price targets in the $120 to $145 range with an average PT of $135. This to will pass!