This looks like a $40 stock to me even at inflated REIT valuations. A bubble that's sure to pop. Taking on more and more debt to pay its dividend, not generating any cash.
Looks like the company and insiders are making use of this irrationally high valuation to sell shares. Watch out below!
Come to your senses folks, this company is not going to earn anywhere close to analyst estimates for next year. Earnings are likely to be in the $2.50 range at best. Put a 14x multiple and this is a $35 stock. Remember, it was at $25 (split adjusted) a year ago.
Look at the huge loss this quarter, mainly due to the enormous amount of stock comp. By the time management takes their share and debt is repaid, there will be nothing left for equity investors. Fair value $8 per share. Sell before it's too late.
GAAP EPS of (0.18) this quarter, substantially worse than previous quarters. Huge stock comp, share count up 5% YoY. $20 stock at best on fundamentals.
Wow - at this rate, they will buy back 20% of the company in a year! Earnings estimates will have to go up now. This is a $300 stock on a 12x EPS multiple.
Looks like it was a nitrogen fertilizer plant, taking some capacity out of the market.
KMX burned through $1Bn of cash in 2012. Debt increased by this amount, yet company shows no increase in interest expense. Company is benefiting from low interest rates, but this looks fishy. Put a 14x multiple on forward earnings and you get a $28 stock.