atediouspost, if you had bought a few shares at the open this morning, rather than whining about it, you'd be up about 7 percent for the morning.
Take your depression meds and buy a few shares.
". . . when you see the chart you can even see the pumper who probably got out at the top with pretty big volume laughing all the way to the bank."
I don't see it that way. Not all volatility is the result of some Long Island boiler room pump-and-dump operation.
Some of us think that the share price is way below LEU's intrinsic value. That sets the stage. Then, assuming Centrus Energy has a large short position relative to its small float (claimed to be only 435K shares on this board yesterday), an influx of buy orders triggered by seemingly routine news, can send the share price into orbit. And then the quants' computers take over with momentum plays. Eventually the bubble pops and sellers flock to the same exit gate.
It's happened with this Company before and will likely happen again . . . with any luck for long-term holders
My view is that it's a lot more that the market cap of the Company implies, and nobody is going to get my shares for a lousy $8 or $10 each.
I should just take a long nap (like maybe a couple of years) and come back to see what I find.
My only concern is that somebody might start kicking dirt over me during the slumber.
My broker shows forward earnings of $.31 per share. I think that's way too low. I think the company will surprise much higher and that management's recent "guidance" was just a set-up for future earnings calls.
My guess is that actual future earnings for the next four quarters would put the P/E ratio at under 10 based on yesterday's close of $4.84.
But what do I know?
The Mrs. and I both got our flu shots at Rite Aid last week. All here should do the same!
Take your neighbors, take your kids, take grandma and grandpa; take Ace, Casey and other shorts.
"6. SpongeBob will be rich."
Well, not very.
My recollection is that the Company had a significant loan commitment from the Japanese export bank. I've lost track of that while the Company has been in bankruptcy. I'm wondering if it's still around.
"Float is only 435K Thousand Shares,"
Let's see, expert, is that really 435 million?
Assuming 435,000 is correct, I am aware of about 62,000 in private hands (including my trivial position) who ain't selling at this level.
Selling the Company now would not serve the interests of the shareholders well. If management was going to do that, they should have done it seven or eight years ago. In fact not selling for whatever the fair value was at the time was the single biggest error or prior management.
As for GE, I don't think Immelt would take the risk. He only buys sure things, usually mature assets.
"Has anyone seen any estimates or guidance for financial performance going forward?"
Historically, it's been a black hole. Management needs to provide guidance, then qualify it by the identifiable risk factors (in defiance of their lawyers, if necessary).
That's what LEU is doing today.
That also makes my trivial purchase at $6.66 yesterday look good.
Oops, I'm starting to sound like Roscoe. Sorry.
TiresomePost, that's what your name should be. It's getting a little stale, no?
We're sorry you lost money, or got fired, or whatever bad happened to you at Usec.
So, beyond the winged one, why not offer some new insight about the future of Centrus?
"[ Better sell what is remaining of the pitiful value in LEU now!"
You're really starting to sound like the un-Roscoe.
FWIW, I added on today's sell-off.
But what do I know?
Thanks to Canuck for this effort, and gojeera for the review. Much appreciated.
"It saved Sponge from serious losses . . . ."
Amen to that, King Ed.
FWIW, I added yesterday at about $7.10 and again today at under $7.
I want another bite of the apple! But it's not for widows and orphans.
"CRT capital group 7563600. (What!!!???? 7mil!!!, thats over 70% of the company)"
No surprise. They're distressed debt fund managers. But I'll bet they don't own over 70 percent. Watch for an amended filing.
FWIW, I just confirmed that these bonds trade in one-dollar increments. So they can be bought in thousands of a bond to round up to an even whole bond should that be your fussy preference (as it is mine).