Well Dude, we could hold your feet to a fire and try to force you to buy RDN and make 80% on your money while Genworth drifted with the tide, but as a Genny long, it seems you would rather complain and not make money.
Amazing to us, but why else would we be here if it wasn't for making money? Why are these other people here?...to whine?. Another missed buying opportunity for longs and they made nothing today and Genworth does not pay a dividend.
It gets worse, you could of made a 0.28 and 0.68 dividend today on the two you so love(GNW/RDN), but why would a long want to do that?
What do you think their excuse will be in 2016 if we have a double dip recession and GNW is at 11.60?....they will blame us....LOL!
You know I'm headed out to fish the gulf this weekend, now imagine how stupid you would think I was if you asked me, are you going to put bait on the hooks and I replied, no I don't want to catch fish today, maybe next week?????????
Yea, kinda like that...
It's worth 18.60 today, the revenue/profits to be made on the addition of XRTX is huge in 5 years for any company in the storage business, its called value added plus a cherry on top..
I'll take the offer, only because I can walk with more big profits and the satisfaction of I didn't have to use money and power to force a company to sell, I prefer good old fashion hard work. I could of made Baker Street 38M more by approaching the deal with respect and admiration for those who created best in class technology.
Management is the key to success of any acquisition/company. The formula will be .50 of what its worth in 5 years, XRTX is worth $38 a shares estimated in 5 years, so in reality for a larger company, 18.60 is a bargain today.
Don't forget your 3par history!
50MA knocked out at open, lock and load, but watch the 9.80. With little news in the pipe and FED policy now known with continued low interest rates, profit taken is the flavor of the day.
Be patient and only trade today, remember their is a holiday and summer vacation coming up, the market will slow down!
The longs will do all they can today, question is, do they have enough gas to keep the crow off the plate!
I love my job!
While Anthony and ABCfoods throw darts and pray, some poor widow in Jersey just bought a 20lb bag of rice for her monthly food supply, going to $12 blah blah blah.
My advice, watch the 50MA, 10.12! Although HP raised the lowered 2013 guidance, news from China and monetary FED policy has everyone worried today.
The good news, buy side analyst will do everything they can to fill the gap because they are afraid if it closes below 50MA 3 sessions in a row, then it could head towards 200MA,, I want tell you what that number is I don't think Anthonys' heart can take it!
Somebody better ping $ out there in the red canyon, she might have to cut her vacation short this year!!!!!!
It's simple, you could of waited till the fed made their decision, or at least been ready to add some shares since the longs whine all day instead of managing their money.
Interest rates people, the longer the Fed holds them back, it hurts companies like Genworth.
Yep, that simple!
Will anybody thank us when we pump it back up?, NOPE!
Hurting what? If you're long don't waste your time watching daily sp. For those who managed their money, they are sitting on huge profits with plenty of upside down the road. I've been telling you guys for 6 months 12.80 was probably the top sp for 2013. If Ausi IPO goes off end of 2013, then the next level will be on the radar.
Your biggest problem if listening to the constant pumping on this board from day-traders and the math impaired. Isn't it obvious by now that institutions and long-term investor's are not willing to pay more than current sp for Genworth.
You can dream or you can invest, but if you think smart investor's are going to pay you a high price for your dreams, wake up.
"WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years as surging prices lured sellers back into market, which should support the housing sector and the overall economic recovery.
The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009.
The March sales pace was revised up to 4.94 million units from the previously reported 4.92 million units.
The increase, however, was below expectations for a rise to a 4.99 million-unit rate last month. Compared to April last year, home resales were up 9.7 percent.
Tight supplies in some parts of the country are slowing down the pace of sales, but sellers are starting to wade back into the market, attracted by rising house prices."
You know my position and you know my opinion, so for me to provide the "street talk" doesn't change anything. We all know Baker Streets agenda to have company sold so they can profit along with the silent partner, my speculation. I know nothing, but a reliable source has provided this speculation, someone is coming after Xyratex and management "aint" happy.
We all know Baker street's agenda, so I'm not surprised, we all know its up for sale, but hate to hear its not someone who doesn't respect management!
I'm hoping for something better and it could just be the boys using someone else to force the other to drop the river card.
If the cards are correct, two weeks is the time line speculated.
Again, I know nothing other than the source is well respected by wall street.
Either way, Cheers!
They know Ms Cleo is in the house, so now everybody wants to jump in my car, so they throw out some mumbo jumbo about a January $5 Option/2014? Lord give me strength, like the average investor understands this?
"The call contract at the $5.00 strike price has a current bid of 65 cents. If an investor was to purchase shares of PKD stock at the current price level of $4.89/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $5.00. Considering the call seller will also collect the premium, that would drive a total return of 15.54% if the stock gets called away at the January 2014 expiration (before broker commissions)."
That's like given a Rubik's Cube to a rough neck and telling him if he solves it in a minute you will give him a $2 an hour raise, plus boudin breaks every 4 hours. Why should we settle for 15% at a higher risk when we have 22% profits today?
Listen up, it is a smoke screen, they are trying to take the spotlight off the huge once a year option written on the June $5 call, over 3, 051 contracts that is about 30X above average options volume. This transaction could set up a pump and dump, I'll tell you when to hedge it will #$%$ them off!
The agenda will be masked by my old friends, Dimensional Fund Advisor's who could become the friend of the hedge fund manager down the road, don't let then "low ball" your shares, buy common shares only if you go long. Think about it, they make news by pointing out a option that traded 31 contracts as opposed to the one that traded 3, 051 contracts?
I'll update later about why they would do this, but at my 5.60 mark you might see some serious downside as the hedge their profits and head by to the 19th hole.
Cramer, I'm watching you buddy :-
Well buddy, you are correct. But I've been in the trenches and drove to Pecan Island at 3AM after working a 12 hour shift and 3 hours sleep. So I understand your frustrations but I also have to wear Jr#$%$ and predicting the future isn't as simple as it seems. Just like when the Reed American mud pump went down at 3AM, if we would of seen it coming life would of been simple.
I have to separate the two in my business, if you've been around this board way back then you will know I'm the only one who is qualified to "analyze" Parker because all the other wall street shirts have never been in the trenches. They don't know what's its like to work for a living, they're useless in a good way, they have money and power
I can only tell you this, when I say Parker is a buy, its a buy. My job is to make investor's/institutions money and I have to deal with more idiots than you probably do.
In less than 30 days while the wall street boys play golf, my advice has returned now 22%+ profits and the old Chevy has new tires, this road trip just began. Wall Street will brag about 18% in a year, set your goals higher...IMO
So ignore all the idiots in the world and make some money off new management, increasing GOM/US production, etc. and old Jr will eventually trip over the nut. If you notice the sector, HERO my other recommendation is up about 7% today and 100% plus since my call and wall street saying the company was going BK in 2011 when we recommended it. Wall street now wants to own the 10 year increase in USA oil production increases predicted last week!
My old boss taught me the business from the crown to the ground, ignore the idiots and listen to those who understand the business, Parker and Jr.
I'm here to help make your life easier and help you put some money in your pocket, turn those sour grapes into a fine wine friend. It doesn't cost you a penny, my advice is free.
“To keep a lamp burning we have to keep putting oil in it.”
"works for day traders so that makes it right?"
First of all, they're are no day-traders buying or selling Parker, Parker is not a day-trading stock.
"are you kidding me?" No I'm not, I recommended buying the stock at 3.8X long-term and I'm still recommending it. As far as Jr., sounds like sour grapes to me between you and anyone you can blame, for whatever reason.
I'm glad you brought up Sr., cause I was buying and selling PKD stock when he was running the company and at times when he was doing a good job, the stock lost 50% in value, so again, no CEO or owner can force people to buy or sell their stock.
I stand by my buy recommendation below $4 and like the future direction of business plan, new acquisition, new CFO and trend of GOM pricing and a larger company focus on higher margin product services like Quail.
It pains me to see rig hands who whine like a child, when I started my first career in NOLA in the oil patch, men did the job they were paid for and didn't whine about a man putting a paycheck in their pocket.
You are worse than a day trader, you come out here slinging mud and blaming everyone else for your attitude, you could of bought granny a car if you would of listened to me.
All the Cajuns I worked with on the board roads were good men, Parker's dedicated employee's were part of the reason I recommended the stock, they are a team working for a goal and probably appreciate Parker paying for their piece of the American pie.
Now go whine somewhere else and stop bashing a good company cause you have a ax to grind!
First of all, the name of the Company is Parker drilling, so the last person left in the building is Jr so why whine about him, its not his fault the stock price is down. Speaking of down, I think those who bought at the 3.8X like Jr. anyway, since that is now a 19%+- gain in sp in about 30 days and 8%+- more than both the DJI and IXIC indexes.
Even got a favorable mention from seeking alpha member so he and I can agree on that one. Focus on the positives, two North Sea rigs up and running in production and a long-term contract with BP, Acquired TSL for continued growth in all regions of the globe with higher margin rental product/services, not to mention they just hired a up and coming high powered CFO.
Increasing oil/gas production in the USA with forecast growth over the next decade and increasing GOM rates. And the stock is still only 4.5X as of close Friday.
PKD is not even trading above BV yet and stock has the potential to breakout of the double top this time and go back to my 7.60 number, that is only 1.5 BV, on a average in good times with bullish sentiment across the market most stocks will trade at 2X to 3X BV.
At this point we can all assume the Economy will continue to grow over the next 3 years+, worst case if Economy turns, you walk with profits.
Works for me!
Either one works, our agenda was to make some profits on half the option bought and defer moving cash into an account until September when we take the shares. Its a conservative move to add shares later and limit amount risked. By September, the Ausi IPO situation should be disclosed as a go or no go! Jan would give you more of a cushion if they defer answering the question at next CC
It's a good strategy to start a long position or add shares..IMO
You never know what tomorrow brings. Will it go to $11+ tmo?, doesn't matter to me I'm not in that trade. My guess today is those who bet the $11 calls lost, for most to make money the stock had to close above 11.40.
Now the $10 call traders are worried too, bad market tomorrow based on worry today and those with the $10 might lose or only make pennies on bet. Profits went poof last two days, never a dull moment in the world's largest casino. Almost 11K on the June $11 call options now.
With the stock hovering @ the 10.6X at close today, it would take major news to push this up 0.80+ Friday.
I'll be here, good luck!
everyday and pump value and then POOF, the stock drops like a rock? Day-traders never change, they pretend their emotions move the stock and lie or distort facts for a dollar and they talk about wall street....my goodness.
Nor for the facts, options expire tomorrow and with the first bad news in the last 6 months coming down the MI/housing sector this morning both RDN/GNW dropped in sp. Those who were optimistic enough to think the $11 calls were the holy grail, you might want a backup plan, my new friend who doesn't bash facts, it aint over yet but for those who took our negative advice and bought the Sept $7 calls, you're looking good and I recommend if you own common also to take 50% in profits today($7 calls) and add the other option shares at $7 in September, from 2.45 to 3.80 is a nice profit in 30 days.
Now, the CC options traders are going rabid on the June $10 thru $12 calls(9K+ so far), its like crack they just can't stop the addition, ignore then and stay focused.
Tomorrow will be a battle for $11+, I have my ticket for tmo, someone bring the Georgia dogs and onion rings. How about some corn dogs...yum yum!
Now, big group hug!!!!!!!
we've debated the tablet issue before and it seems the consumer has spoken, the way consumers and business communicate has changed forever. That is one reason I took profits in STX/WDC and kept SNDK/XRTX. The cloud is king on the mass storage side and smartphones and tablets are the new notebook of the future.
Had to cut and paste, yahoo back to the dark ages I guess....article located on Apple news feed!
"Not even two months after IDC predicted that tablets would outsell laptops next year, another research firm, NPD DisplaySearch, says IDC's forecast was too pessimistic. Apple (NASDAQ: AAPL ) , Samsung, and other leaders will ship 256.5 million tablets worldwide this year, up 67%, versus 203.3 million laptops.
Surprised? Don't be. Users have good reason to like the handheld form factor, says Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova in the following video. A tablet can easily substitute for a TV. Meanwhile, some slates, such as Microsoft's Surface Pro, use external keyboards to transform into laptop look-alikes.
Add it all up, Tim says, and it's clear the tablet market is moving far faster than anyone had predicted. That's great news for Apple, which needs the volume to overcome lower margins. Netflix (NASDAQ: NFLX ) could also win because of how it has perfected the art of delivering high-quality video across a variety of devices."
Samsung supplies about 3rd of NAND and has been expanding since 2011, trust me STX doesn't even put a dent in production runs for Samsung, if nothing else, STX demand for NAND doesn't even register based on Samsung's OEM base of "NAND/Flash customer's.
Just how much does "Pulsar" add to the bottom line for STX, next to nothing!
You are learning and that is the key, plus you can have a conversation without crying, you are living in the real world like me and that's a good thing.
I understand your point on Ausi IPO but for the institutions to park huge funds in Genworth that should over two years increase sp by about $4.80ish fron sheer volume to demand alone, its a good thing or a must for any insurance company, institutions expect a dividend of 2.80% to 3.40%.
My speculation has been that the CEO was hired to prepare for a buyout or merger, several clues were his compensation is based on sp, sell of divisions and now possible sell of entire MI business. Works for me, pay me now or pay me later, just pay me!