Hey Shorts - we won't be fooled again by your comical throwing up bids of 6 shares to work the price down in the cue - you must be very desperate - shorts are going to be very sad this Christmas.
Sentiment: Strong Buy
Laughable - its currently overpriced but players are moving it for the spread - almost $5.00 between low and high of day and its only noon, so yes its a daytraders stock. No earnings to support such outlandish price, the wti / brent spread has been on the decline from $18 to $12 so direction is currently not your friend. If spread went and held at $25.00 you might make a case for such a prediction - I do not see the case for that happening because 1. brent would have to go up a lot ( good world economy) and wti would have to go down a lot ( very bad US economy) 2. wti would most likely be exported if no demand here and a large demand by other countries.
Some refiners up 4% most up 3% and CVI is down 1%, do you think this stock is manipulated - is the sky blue ? Yes, the fundamentals mean nothing for this stock - its a bad stock to own, but i'm too underwater to sell.
Why else would they be posting negative comments every 5 minutes ---- to help you make a more informed decision , lol , the facts are this is a momentum stock that has lost its momentum, so the price has went down, now its a much cheaper stock to buy with all the positives that pushed it to $40.00 -------- patience as this stock has bounced and dropped and bounced several times and its only a matter of time for the Judges decision with the APPLE case that VHC won on all counts for the next bounce. When, noone but the Judge knows when he will close out the case --- remember its near year end and I doubt he wants to carry it over to the next year.
Sentiment: Strong Buy
WTI went up $2.22 a barrel and Brent went up just over a dollar so the discount went down a dollar - still the discount for wti / brent is $15.58 a barrel which is way up from the under $5.00 amounts involved in the 3rd Q so time to buy shares at favorable price.
Sentiment: Strong Buy
C. Thomas - you are 100% correct - how do you go to court trying to prove infringement and not provide any evidence demonstrating infringement or even an expert witness explaining such infringement - both were present in the APPLE trial which was won, but neither was present in the Cisco trial so yes that is casebook ineptness and the share price drop is the result.
So the one that earned it shouldn't have the right to give his wealth to his heirs - is that your point. I suppose you feel it should be sucked in to the government that also would not have earned the wealth so some corrupt politician can spread the wealth to others that have not earned the money. If the Wal Mart employees are not happy with their wages is there anybody stopping them from working elsewhere ? You seem to want to control and restrict what business owners do - try Russia or Europe you will be happy there.
If thats what you want then move to Greece and Spain and other bankrupt Europe countries that have tried that. I can tell your an Obama supporter - spend taxpayers money for all his vacations and lecturing from a bankrupt state of Illinois.
Spread is about $19.00 now - WTI going down on surplus quantities and Brent going up on increased asian demand - if pattern holds the 4th Q will be good.
Lost 46 cents per share for the 3rd Q, lost $2.24 per share for the first 3 quarters of 2013, and 4th Q outlook is improving, but will have more losses. Frontline has total debt and lease obligations, excluding non-recourse debt in ITCL of $1,122 million comprised of $841 million in lease obligations to Ship Finance.
SFL having a 1.5 Billion dollar market cap - the FRO leases are a large portion of its business, at some point SFL will need to take the pain and just remove itself from this money losing company.
The release has EPS at 29 cents Last Q and 14 cents this 3rd Q. AS a long term holder of SFL we forget to look at the current situation - SFL is down to 1.5 Billion dollar market cap and outstanding shares have increased again, expenses increased Q to Q and Revenue is generally flat means that Margins are compressing. The 39 cent dividend is on shaky ground going forward. The positive spin is the 900 million dollars of new revenue generating purchases - the questions are 1. What is the earnings margin % of the existing business and 2. what will be the earnings margin % on these new assets ? Management is clearly transitioning away from FRO related assets and needs to align more with being the BANK for SDRL and GLNG to move forward. A piddly 1.5 Billion dollar market cap needs some serious new growth plans.
Thats the good news, the bad news is CVI keeps going down as volume of those interested keeps going down so its manipulation is way to easy. Improving fundamentals mean nothing to this stock - the question is do you commit more funds at better share prices or get out while you still can ?
Reports tomorrow - seems like SDRL weakness is hitting SFL - SFL estimated to report only around 25 cents of earnings vs. 39 cent dividend means possible SFL moving down further. SFL probably needs 35 cents or more to stop a decline. I'm predicting 32 cents of earnings and a drop in share price of around 15 to 20 cents.
It is a bad stock to own when profits are used to support the government puppets rather than shareholders.