I agree Barron's article is very misleading but it appears to be coordinated with the upcoming secondary offering announcement to bring down the stock price. I believe the time to buy or add will be after the secondary announcement. It will be a great opportunity in my opinion and I believe some big money is circling overhead waiting to pounce, especially after stop loss orders are triggered.
Great call. Please tell us it won't close above $500 next week!
"Stifel raised its price target on EA to $12 from $17"
Something doesn't sound right here.
My colleague Tiernan Ray has his eye on Bloomberg TV, where Bill Nygren of the Oakmark Funds just said the firm is building up its Apple (AAPL) stake. Other companies he likes include Intel (INTC) and Oracle (ORCL). From Tiernan:
Q: Have you been adding to Apple?
BN: Yes, we have.
Q: By how much?
BN: I can’t comment on the size. After the quarter is over, you’ll see the new holdings we have in the Oakmark Fund.
They always seem to know before us peons find out I wouldn't be surprised to see a secondary offering soon. I think they need cash to complete the Berry Petroleum acquisition as well but something is in the works. Just trying to read the tea leaves before I put any new money to work.
You have a choice of $3.05 per share owned or a coupon to get a free Apple at your local grocery store. Most elect to receive the cash:)
You didn't address the earnings miss, rising interest rates and the possibility of dividend cut if things don't improve. If book value decreased because of small move in rates a large rate move could be devastating. This down move is not like recent ones, meaning be careful!
Pfizer was never a $300 stock and Viagra couldn't get them to rise to that level.
What are you talking about they are all ready competing. Revenue rose 21 percent to $101 million, they have their niche. They will tweak a few things such as packaging, focus on their strengths and will be fine a lot sooner than you think. Short term will be bumpy but some positive news such as share buy back could keep it positive until next earnings which is only a couple of months away. I wouldn't go all in but I think this is a buy at this price.
So much for the market believing in Samsung's future dominance.
Let's see so should we believe one worker or the representative of the company who said this is a normal business cycle, too funny.
FoxConn, though, said in a statement to CNBC that 97 percent of its employees returned to the Shenzhen factory after the Lunar New year holiday, which was in February. However, it did acknowledge that the season following the new year was normally slow.
"The post-Lunar new year period has always been considered low season in the consumer electronics industry," FoxConn said in a statement.
"24 coming soon"
Great call, do you have any more earth shaking predictions?
Apple is heading higher via the perfect storm. Combine the buyback, dividend increase, new product launch on horizon and now an improving economy and you have lift off. Now wait for analysts who were on wrong side of trade to change their views to buy and $500 will be here before you know it.
I've read the accountants have already signed off on the deal so the only ones to stop it would be shareholders by voting no which is unlikely.
Linn is going to have to issue 30 some million units to complete the Berry acquisition once it is finalized.
"The additional LNCO shares are simply issued to BRY holders in exchange for their shares. There is no secondary. In fact, LINE has extra cash ($240M) due to the unplanned sale of a minority stake they bought two years ago."
And you accuse me of misinformation? So you don't think Line will have to issue any shares back to LNCO? You say LINE has 240 mil in cash well this deal is valued at 4.3 BILLION including assumption of debt. I wonder where the other 4+ BILLION is coming from.
Line is trading at a 52 week low and it's obvious that there are more shares being sold than being bought. Is it a scam or do the sellers anticipate an even larger move down in the near future. I've brought up my theory about dilution of Line shares to complete the Berry acquisition and unbelievably some here believe there will be no issuance of Line shares involved. There will always be shorts who show up when a stock price is reeling and talk trash without any knowledge of facts but please don't accuse all posters who don't agree with your views as negative nonsense posters because you are not doing any justice to those who are just trying to get ALL the information they can before they invest their hard earned money into this stock or any other. It's easy to deal with the posters of FUD by using the ignore feature but please don't attempt to label everyone who disagrees with your utopian views of Line as shorts or liars while the price of Line steadily falls because it makes you look like the naive one.
Sentiment: Hold
This information about Line and the Berry acquisition was sent recently in a very respected business newsletter. You can take it for what it's worth or you can blow it off, your choice. PS notice the word dilution in the report.
Linn is going to have to issue about 36 million units to complete the Berry acquisition, so we think there could be a fairly large temporary drop in the stock when this happens due to the dilution. By how much, however, we don't know, because while it is issuing a lot of stock, it will be selling the stock to LinnCo (LNCO), which will be issuing it's owns stock to buy Berry, which it will then transfer to Linn for more Linn units. In other words, it's a complicated transaction and not as straightforward as if the company had to sell stock on the open market to pay for the deal.
If an investor wants to exit the stock and wait until after the secondary, it really depends on their cost basis and whether or not they want to try to game the stock, as a lot can happen in the interim as well. If you have big gains in the name and plan on keeping it over the long term, it is probably best to just hold on.
Yes but past drops were usually the result of secondary offerings not horrible earnings misses and combined with the inevitable rise in interest rates and you can see why investors are running toward the exits.
Today would be a nice time to announce the buyback of stock, we could use a little sunshine. Thank goodness the jobs report was positive because this could have been an uglier open for sure. Too late to sell now, might as well wait it out until earnings in early May.