IOC falling 35% today, which is what happens when the bottom falls out of an overhyped story with greedy management and no profits. LNG is a $10 stock at best. Beware!
Well, you haven't disputed any of the figures I put out. Look at the free cash flow and the liberal non-GAAP exclusions. Momentum can carry a stock only so far before the inevitable painful crash.
Magically transforms $0.50 GAAP EPS to $2 non-GAAP by liberally excluding recurring operating expenses. Look at the free cash flow. Only about $4 per share. Put a 20x multiple and this is a $80 stock.
I concur. This is a huge bubble based on hope. They have billions in debt, management has given themselves huge amounts of equity, and there is high execution risk. $10 stock at best.
Could be, or they could just carry a naked position. For example, I have sold some of my stock and sold puts to replace them. Looks like Ackman was buying from me on both legs :-) More seriously, from the description of his position sizes, it looks like he has bought Jan 15 puts.
Just $1 in EPS. As usual, guidance for next year is aggressive and they will end up lowering it mid-year. Put a 30x multiple and this is a $30 stock. Huge downside.
Co. will generate barely $1 of GAAP EPS after huge stock comp. This is a $30 stock at best. Lot of hype, no performance. And look at the huge acquisition they did, which barely contributed anything.
This is a $10 stock at best. No sustainable advantage. Huge capex with the inevitable cost overruns. Reminds me of Molycorp. Management has given themselves tons of options and they will keep selling stock into the market.
It's clear that this is a desperate move by AAPL. Sure they gave big concessions to China Mobile and margins will continue to decline. Stock going to $450 soon.
This quarter had a large number of negatives: operating cash flow deteriorated and went negative, capex was huge, operating income was further negative (no leverage), stock compensation increased. This bubble is bound to burst. Stock has a fair value of $30 at best.
What rubbish. There is no tax benefit from buying back stock. Also, their tax rate was close to zero even when they were not buying back stock.
How is it that the company pays no taxes, but instead claims a tax credit? I haven't seen this for any other company. Recall that EBIX was targeted by short sellers for paying a low tax rate, and is not being investigated by the Feds.