I don't see a press release, anything on their website or an SEC filing. Where are the headlines on the earnings coming from resulting in the stock dropping?
No, agreement reached with debt holders. Bad news comes out on the weekend. Good news comes on Monday morning. Stock is going to rip higher.
Will get royalties on REGN product or maybe even an injunction. Doctors will now be afraid to prescribe REGN product and will default to AMGN. Put a reasonable 16x multiple and AMGN is a $175 stock - huge upside!
Sentiment: Strong Buy
MS upgrades. This should be the last leg up. Stock trading at 35x EPS and 50x FCF, growing EPS at a mere 5% a year. Stock could easily get cut in half and still wouldn't be good value. CMG is being aggressive with free promotions, so PNRA could even miss their numbers.
Guiding for huge GAAP loss next quarter. On top of this, all the Broadcom employees will be dumping stock. This is like INTU going up after hours and then down 5% the next day. Expect the stock to be below $130 tomorrow and then drift down towards $100.
There is a great service on Seeking Alpha called Stock Scanner that posts investment ideas once a week. It has a write up on FL today, saying it is worth $78, which would be 16x 2016 EPS. Makes a lot of sense.
Axiom Initiating $TRN at Sell this morning with a $10 PT.
I don't see how they can possibly get to $10 if EPS is above $3. That would be 0.5x book value. Axiom is wrong half the time. Let's see how the earnings report this evening is. If it's good, stock could have a 10-20% pop.