Right. At this stage, revenues are more important than profits. It could be several years before the company turns profitable. Getting approvals for new drugs and/or devices takes many years and costs a fortune, and there are no guarantees of success.
The one person who knows more than anyone else about Opko continued to buy yesterday. In fact, all of his purchases were near the daily high. He had to have known what the earnings announcement was going to look like, and that didn't dissuade him from buying. Note that he bought a total of 9000 shares (9000 ÷ 18 = 500).
GE should just walk away from the deal and write it off as a loss. A small loss now is better than a big loss later. Trying to deal with French labor laws is futile.
On its way where? Up? Down? Up then down? Down then up? "....On its way" is something Cramer would say in his meaningless gibberish.
Personally, I think this will be a very short-lived buying opportunity on its way to 18+ later this year. I hope. Anything under 14 is a gift. Anything under 13 is a steal.
Sentiment: Strong Buy
Now it's headed for 80.60 from the wrong direction. Oil up doesn't seem to matter. Pipelines seem to have gone out of favor as an investment ever since Cramer started touting them. Cramer is THE KISS OF DEATH!
Be careful what you wish for.... Cramer is THE KISS OF DEATH! Cramer has the same effect on me as a super-powerful laxative followed by 10 pounds of prunes.
I bought some at $10 on Wednesday on a forgotten open order. Not sure what to do with it now, but my gut feeling is to give it a few more days. The company doesn't impress me... it's just a number.
I don't have that number, but I'm sure you can get it from Schwab. There must be a main number to call for everything. (I don't use them nor would I.)
I went out this morning expecting to come back to find OPK at $14.50 or higher. Given what the market is doing, this is a huge disappointment, to say the least. I put most of the blame on Cramer. I just wish he'd go away and stop touting OPK. I should have known enough to bail out when he called it a "buy" the other day. Cramer is THE KISS OF DEATH!
Excellent explanation. But, it seems to me that I'm still ahead with the unit price down to $55.44 at yesterday's close. The action lately has been unimpressive, to say the least. I suspect it has a lot to do with the expectation of rising interest rates which has nothing to do with the fundamentals of ETP. I've traded ETP several times this year and avoided all the distributions, so I presume my tax is just going to be on the short term gains.
My message above explains how to avoid costs, not incur them. I totally agree that using a bank is usually a sure way to get royally screwed. I pay absolutely nothing for this service, and it has worked great. I'm a fanatic about avoiding costs. I preach the cost sermon to anyone who will listen. Costs are the biggest killer of positive investment results.
Is this additional shares? They already held nearly 13 million shares as of several months ago. I doubt that this was new shares on top of what they already held.
Bonds are getting clobbered as interest rates rise. MLPs are a surrogate for bonds. This has been expected for a very long time. Stronger crude oil price is a sign of impending inflation, therefore the Fed is happy to see rates rise. It's more complicated than just that, but think it through.
I'd be very reluctant to chase every name that Frost invests in and pay a big premium in the process. Wait 'till the hysteria dies down and use common sense before diving in. Use common sense.
Well, I sold at $59 right before the ex-date. Didn't want the distribution and the tax consequences. Closed at $56.49, so I'm way ahead of the game. My understanding is that I would be taxed on the "return of capital" portion at "ordinary income" tax rate, so it's like being taxed on my own money. The only way to avoid that is to die and get the stepped up cost basis, but I wasn't planning on that happening quite yet.
Frost probably uses Ladenberg, Thalmann for all his stock transactions. This from his bio: "He was named Chairman of the Board of Ladenburg Thalmann Financial Services, an investment banking, asset management, and securities brokerage firm providing services through its principal operating subsidiary, Ladenburg Thalmann & Co. Inc., in July 2006 and has been a director of Ladenburg Thalmann since March 2005."
When I first spotted this phenomenon some time ago, I thought it was interesting enough to bring it to everyone's attention. I got no response whatsoever. The more I watched the pattern, the clearer it became. Take yesterday, for example. 1800, 1800, 800+1000, 200+2000+200+1100+100=3600. What divides evenly into 3600? Makes me wonder if Dr. Frost is teasing us to see if we can spot the pattern. Watch for it to get more complicated.