I'd be surprised to see CLF 2020 bonds go to 80 in next 6 months. Or even 65.
My guess is that CLF would run out of free cash to buy the bonds before they hit 65.
I see 2018 bonds starting from $53.
I see 2020 bonds starting from $35.
If they are confident they can retire the 2018s by 2018 then retire the 2020s as a huge discount.
The market realist articles I read were well written.
I'd say copy and paste ben should be reported before market realist.
Well LL hit $12 today. Cut in half from when I posted the thread.
Funny to see an analyst TODAY lower their target price to $12.
Where were they at $22, $27?
LL has already dropped three dollars since I posted this.
$16 after earnings is still my expectation, unless some large holders throw in the towel.
I see No Direct Insider Share Purchases in 2015 With Their Own Money.
I understand insiders sold $30 million in 2013/2014 near or above $100 per share.
I am trying to figure out why the insiders, who know the company much, much better than me, won't even put back in $3 million of the $30 million in shares they sold at current $20 price.
This is all my opinion.
I See No reason, NONE, for shorts to cover.
There are a lot of worried longs, as there have been since $34 posting everyday about one rumor or the next or how "smart shorts" should have covered at $42 or $34. If they are not worried, then why do they post 10-15 times a day every day? Who shouts that sun is coming up every morning?
Little interest in stock. Volume declining for weeks.
I expect margins to continue to be lower and EPS also to be lower this next Q.
If you shorted at $42 and can't take $2-4 upside then you shouldn't be in stock market.
If you shorted at $34 and can't take $2-4 upside then you shouldn't be in stock market.
If you shorted at $100, congrats!!
Still trying to figure out why insiders, that sold around $30 million, 2 years ago around $100, have not bought ANY shares in 2015 with their own money.
LL is $20.60 now.
Insiders, who know the company, sold at $100+ but will not buy at $20.60?
It is a big inconsistency to me.
Longs here telling us what a great BUY LL is yet I do not see ANY insider buys in 2015.
You would think if they sold $10 million at $100 they might be interested in reacquiring all the shares they sold for just $2 million at $20.
The insiders know LL better than anyone on this board.
Looking at 2013 and 2014 it looks like insiders sold $30+ million of LL stock.
I see a $10 million "Sale at $100.49 - $102.37 per share" in 2013.
Also see a $3 million "Sale at $116.57 per share"
And a $7.7 million "Automatic Sale at $103.05 - $103.11 per share."
Bozos here that bought at $42 and $34, and newer, freshly minted, underwater bozos have been calling the bottom in LL for months.
When Insiders use 10% of the $30 million in stock they sold, or $3 million, to buy LL shares with their own money, then that will get my attention.
If they sold $30 million near $100, why can't hey buy $3 million near $20?
Intentionally distorted to lure buyers in or they are nuts.
Either way, not good.
Hmm. Nov 2014 is not 2015.
Also the whole point is, (listen closely).
IF LL IS SUCH A GREAT BUY, WHERE ARE ALL THE INSIDER BUYS IN 2015?
Took a look today at yahoo insider transactions.
I see NO INSIDER DIRECT BUYS, with their own money, in 2015.
Almost 6 months into 2015 LL $21.60.
At WHAT price will insiders be tempted to buy? $10?