AMGN is NOT about to be bought out by anyone. No way. Not happening. Not now. Not anytime in the foreseeable future. Same thing for a split. Just take your anti-hallucination meds, and you'll feel better in the morning.
It's not even necessary to "do your research and keep on your toes." Just buy a broad index fund or ETF like the VTI, and you'd do just fine with no work at all.
It's because they eat too many French fries and burgers at McDonald's and Burger King. The only good thing is that it causes premature death from obesity related diseases. The bad thing is that the taxpayers are forced to pay for their diabetes treatments until they die since most of them don't have any health insurance.
It just occurred to me that the thing that makes the chart of the 500 Index look flat for the past 5 years is that we had a 17% drop in the month of October, 2008. That gives the impression that the average annual gain for the past 5 years was less than 1%. The whole picture will change drastically starting in November and will show approximately 15% annual gains since then. Do a 5-year comparison chart since then, and AMGN will look as if it has been stuck in reverse.
A takeover does not, by any means, guarantee the shareholders will make the killing you seem to expect. NorthFork Bancorp is a good example of how you might be sadly very disappointed. Furthermore, I see interest rates staying artificially low as the economy still struggles. This could easily last through 2014 and perhaps into 2015. Then comes the 2016 election cycle that will be an incentive for the Fed to hold rates low for another year. Don't worry about inflation; they'll just lie and say it's only your imagination.
Don't celebrate until after the earnings come out on Monday. MCD has some undeniable fundamental problems that could last a lot longer than just a few quarters. The extremely low dividend increase clearly shows that the Board is well aware that they have to conserve cash. A company that can't grow earnings and revenues and therefore can't grow the dividend will find it challenging to attract investors. I see MCD as basically dead money for several years. In this environment, I'd be a buyer below 85. Personally, I'd much rather put the money into VIG (Vanguard Dividend Appreciation ETF), which holds MCD, as a much safer alternative that pays a decent dividend.
The menu at MCD is already too big. It's slowing down service speed which creates unhappy customers. The company is floundering around trying to find something new in an effort to bring in more business. Wings don't make any sense, either. MCD probably should have held onto their stake in Chipotle and continued to run it as a stand-alone division.
Stock splits are very passé. With flat-rate commissions and the elimination of the odd-lot differential, there is just no reason for companies to split their shares. It's just as easy to enter an order for a specific dollar amount as it is for a specific number of shares. Fractional shares have become the norm. Dividends can be reinvested into fractional shares, unlike the old system where you had to take the odd amount in cash. If you want MCD to become a cheaper stock, just wait until they issue a few more bad earnings and revenue reports. The price will split but not the shares.
Wrong, Wrong, Wrong... I have a chronic, incurable condition that prevented me from getting health insurance at any cost. So far, it has cost me very little to treat, but that will change as I get older. Obamacare is the best thing that ever happened to me and will likely extend my productive life for many years beyond what it would have been without it. For the first time in 5 years I can begin living normally again without the constant fear of being left destitute by medical bills. YOU are the one who is wrong. VERY wrong!
On a short term chart, you're absolutely correct. Go back to about 2000, and you'll see a very different picture. From 2000 to 2011, AMGN's performance was pathetic. Since 2011/2012, the stock has come to life. However, compared to other large biotechs, it has lagged considerably. Management has acknowledged that the company is no longer a "growth" company by initiating a dividend. If they hadn't done something to placate the shareholders the stock would likely still be in the 80's.
You got your pullback in the AM. It's time for a rest. Give the shorts a break for a change. Let them think the rally is over so they short some more. Seriously, don't obsess over every uptick and downtick. If you're confident about the long term prospects, just read a good book or watch a movie. You'll be less likely to act hastily and make a mistake you'll regret. Go to Europe for a few months and get away from the madness of this schizophrenic market.
The stock is worth whatever the market says it's worth. Fundamentals are meaningless when there's a short squeeze in progress and potential profits are enormous. Based on earnings and balance sheet, OPK was overpriced at 4.
I've been warning those who are short this stock to beware. I've been in this business for nearly 60 years, and I've seen this story play itself out too many times to count. There's nothing wrong with shorting a stock under the right circumstances, but this one is an almost perfect bear trap if ever there was one. Be smart... cover those positions before it's too late. When you get a margin call, just walk away. Don't throw good money after bad. There's no way of knowing when or where the top will be, but it could very well be substantially higher. You're sitting in the middle of the tracks, and the train is coming. You can hear the whistle and the roar of the huge engine. Don't just sit there and do nothing. COVER, COVER, COVER!!!!!
Dr. Frost took good advantage of that dip to buy another 19,000 (?) shares. There's a definite pattern to his buying. Whenever there's an opportunity to buy cheap stock, he steps right up. Gotta hand it to the guy. He has guts and conviction. He probably loves the shorts for providing him with bargains that they'll soon be forced to buy back at much higher prices.
I'd like to see a spike to about $10.50 at 3:59 today, but wishing won't make it happen. It just doesn't work that way.