The Form 4 discloses that this was simply the vesting of restricted performance units as of march 1.
The stock is going a bunch higher near term... it needs no more than quality ebitda and progress on the integration, especially now that the European recovery will not be derailed by Russian incursion into Ukraine.
We are adding today... right before the shares roar higher
Let's say 10:45 on the button today... looks like Bill's tarts are out posting in force today... on what NUS saying they effd up so bad in China they aren;t sure when they might resume trying to do more than hold their breath there?
Then we have HLF, careful, methodical in rolling out in china, showing 100% yoy growth can be accomplished without #$%$ off the chinese Health Ministry.
Here comes the enema team firehoses in those shiny red trucks now...
Restatements can be for changes in accounting methods, new pronouncements, changes in reporting entity structure/ownership and prior period errors, the latter of which would include restatement to correct previously issued and materially errant financial statements when fraud is subsequently uncovered. "anthony199" suggests "materiality" is about a 5% threshold, which we can infer he's suggesting means 5% of earnings. But materiality in financial statements does not have a math threshold; the idea is that financial statements need to materially correct such that the prudent investor studying issuer financials has full and complete and accurate disclosure of all events that are required to be disclosed in accordance with GAAP. Now an audit judgement can be made that an identified error or other item may not be perfrectly disclosed and yet not misleading to a prudent investor, but the issuer's disclosure responsibility
is to simply do things correctly.
Arguably, if what appears to be an error(s) in previously issued financial statements NOT material, then there is no compelling reason to correct the disclosures as they sit on file under the 34 Act. So what is going on here with HTZ? Why bother making the company sound like it has incompetent financial reporting staff and CFO oversight if the changes are not material? Let's review. They have a new CFO -- oohh, so he may have become aware of past disclosures he thinks are not correct and wants them fixed before signing off, and or they may have found issues with how they handle intercompany transactions and now that they are looking to spinoff HERC the want the baseline financials to be adjusted beforehand. Either way, it matters not except for the unfortunate coincidence of the Ukraine bs.
What the Company has disclosed is that the changes are NOT material to the financial statements and will not impair liquidity (read: no violations of debt covenants are involved). So get it done already. $35 awaits!
Thanks for the comments over time grftt... as you and Ho and we have said over time, it is useful to view GGR data on a quarterly basis to overcome data distortions between months, especially January and February.
I forgot to also emphasize that the 40% growth is on top of last year's rapidly growing base... very impressive. Every analyst's numbers for the March Q and 2014 are light -- 10-14% growth in GGR will "likely" prove light as it did last year at this juncture.
Lots of bs comments below that, other than muench, I have on ignore and had to unveil to see what the f morons said in reply to my comments...
But here is the key part of Carl's filings, perhaps one of several more coming over the next few days and weeks... Icahn is buying the stock up here for only one reason: He thinks it is going higher, and he's willing to lock himself in for another six months. Stiritz is next...
Under the six month swing rules, a designated insider (req to file Form 4) can buy serially or sell serially, but once they buy (or sell), they cannot do the converse for 6 months.
As stated above, the exception would be pre-established sell or buy programs.
The weekend IBD article makes the point. A clueless staff journalist raves about WYNN, LVS and MGM presence in Macau, but does not even mention MPEL. Another writer for that paper notes in a separate article that WYNN and MPEL stock are both top of group rated with 99 composites... where is the paper's editor ensuring MPEL got mentioned in the first article referenced at the top here? We're also call it certain that Bain (Sterne Agee's analyst) gave mention of MPEL's position in macau/cotai and that it was his top pick, but that didn;t fit in with what the clueless journalist wanted to write about so it is not noted. LOL This is precisely the kind of situation we love when trying to accumulate shares -- clueless analysts (incl the joker they quoted from Dana Telsey's Retail Consulting Group) and pseudo journalists posing as even more clueless wannabe analysts. Those who understand are able to take advantage over time.
Again, as we have been saying since the stock was at $12 some 15 months ago, no other company has the same percentage growth in ebitda coming in the Asia Pacific over the next three years, the key determinant of operating leverage and what will render sustained share price outperformance for MPEL.
btw, Last week Citi's analysts published the first growth ebitda metrics we have seen that incorporate baseline ebitda growth and operating leverage coming from COD Manila and SC, and, though top of the group, they remain too low for what is going to unfold... our consistent, overarching view shared here since Fall 2012.
ICE has moved up hard (call it 70% since November), but it is still only about half what beans cost in 2011. Good thing for dnkn and shareholders that they now have highly profitable breakfasts, lunches and anytime sandwiches... and all those other drinks, too.
Then of course they have those donuts WMT folks love... good thing medicore donuts go over well with Johnny Lunchbucket or Tim horton's and DNKN would never have gotten so big...
KKD donuts are the shiz though... they are cleaning up these days and the stock has HUGE upside.
As noted for the last few Q here, we have owned DNKN since $30 -- this story remains young, just not as good as KKD down here.
last point: GMCR is the Company that is hosed on rising bean prices... we hope they run that up another $20 before it collpases though. And we say that having been huge bulls on it between $18 and $89 until lately...
Yeah, sure... but round out the comedy -- on what, being long 25 shares? LOL
That's why after saying you hoped it would get above $19 so you could short it you have been wetting your pants for the last 10 days with stupid post after stupid post. but you stay short now, we like stuffing f heads.
As for out position? We own it at just under $17 blended (no hedge -- 100% long) and we are playing for $30+ this year.
and hey guys... if you are looking for new ideas without all the bs here, have a good look at HTZ, including our pal at MKM Chris Agnew's take last week... Gee, he is now publishing exactly what we have been saying about HTZ over the last couple of months (starting our position at $22).
Closed Friday around $28, but it is going a bunch higher as they spinoff/sell HERC near term and announce earnings within a few days now. The car rental business is going gang busters (affirmed on a few other fav names for 2014 incl EXPE and pcln) and HTZ operations are beginning to benefit from the EU recovery as well as the solid U.S. market. Their Latin America program is going large near term as well. Here's a familiar bell: big buybacks coming; substantial rev, ebitda and eps acceleration coming up fast; and the chart is now brilliant to boot.
Those dialing in with us on HTZ, EXPE, MPEL, PCLN, KKD, and the rest are all outperforming the market , not just last year, but this year as well. All of these stocks should continue to outperform this year.
Interesting to us on several fronts.
After this 33,515 shares added last Wednesday at $66.40 and largely a symbolic affirmed vote of confidence unless he is coming for a bunch more, he now controls 17,000,000 shares - a serious commitment by any measure, and a nice shout down of Ackman's recent be antics and commentary.
For the morons here who continue to say Uncle Carl is selling every other day or so, that is one very large Woody Allen sock full of horse dung for you all to chortle on. LOL Here's a fun thing to know and tell your short putz friends: when a 16b filer buys shares, he can not sell any shares (except pursuant to a prefiled plan under 16B which does not apply to Carl) for 6 months under the short swing rules. Yet he can buy buy buy and buy over the follow-on time periiod... so he may have delayed this 33,515 share purchase filing for the max 3 day period to allow him to buy shares Thursday and Friday without news he is adding being on the street in a broadly visible way. So, Uncle Carl isn't worried about HLF having any meaningful difficulties soon, whether Ackman and his putz lemmings like it or not, and Carl will not be selling any shares anytime soon.
Remember that Carl has two staffers sitting on HLF's BOD, so he is as dialed into the FTC, SEC and all comers review bs more than any other 13D, 13G or 13F filer out there, and certainly more than any putz shorts.
For those who think Stiritz or Carl or anyone else is going to lead a LBO or other form of taking HLF private any time soon, this filing is a notice that no such strategic or significant alternate concepts are underway any time soon. If they were, Carl would have been precluded from executing this trade.
Alternatively, they may be announcing a sale of HERC on Sunday night... does anyone live near corp HQs? Let us know if you see ten or so exec cars dropping people off their over the weekend.
Anyone short here is asking to have their face torn off on this... nutty.
You are really clueless... and from your consistently inane comments, you sound like you are about 17 and never went to college, let alone b school. Too bad there is only 4 days short interest here... that per se tells you the buying is not short covering here -- it is real buying by pm who want on for the ride to $25 near term and $30+ by EOY. Perhaps you missed my 13F updates? ROFLOL
algo programs use multiple ecn and trade 100 shares and smaller pieces if a given tape/converse algo is playing it that way. That is with respect to HFT trades to buy or sell.
this stock is largely institutionally owned -- now by even value players like t rowe. Do some 3rd grade math to figure out how many "reeling in" retail players would be required to buy 1-2 m shares daily here of late.
Unhedged shorts are the ones being buried here.. stock is now up over 24% from the low 3 weeks ago -- right where you were spouting off about further collapse coming. So no "bagholders" are being reeled in... no. It is now time for the unhedged shorts to line up at the "short bus" stop in time to hurl themselves under the short bus next Thursday... that is only 6 more days before the delight of listening to THUMP THUMP THUMP under the rear axles of the long parade start with vigor. LOL
those paying attention to the stocks I covered here are in for a delightful ride higher along with us this year... all you putz daytraders just keep on shorting this (LOL), but for anyone else interested in some new ideas, give a read through what we have said of late on EXPE, MPEL, HTZ, SBUX (reload), and so on... they have all been moving as we suggested, and are just getting going on a great move higher this year.
You can figure out our best short ideas for the clicking around too... Unlike the dopes here shorting PCLN all year, we actually know what we are doing. LOL
This will sound familiar if you have read my posts in recent weeks... LOL
They say the street expectations are too low for HTZ and that they will be leading the pack on pricing now as the merger integration materializes and HTZ completes the fleet renewal and tightening that is the plan. MKM also sees HTZ benefiting from an improving economy (duh) and did not mention our thesis that European markets will also play a big upside bump piece this year. They also think the HERC business is worth at least %6-7 (my number is $10 using URI deal comps) in a spinoff or sale.
How about that?
Idiots who are short here think this is a good short, but they have been quiet this week because they have Woody Allen socks full of horseshite stuffed down their throats. LOL