Yes, Elliott wants a sale for sure. He is also suggesting that there is interest from others (RVBD mgmt don't think these are "credible" interests). So Elliott hires a Banker to work behind the scenes. Not sure whether RVBD mgmt will open their books. They may open their books if Elliott or other make come out and make a "credible" offer. In my opinion that credible offer will have to be between $28-$32, which is the fair value IMO.
GS never downgraded BTU. It was ANR. GS had a buy with $21.
RVBD will see $30+, with or without a buyout.
On the coals, stay away from ANR, WLT, ACI. Buy BTU and CLF instead. Solars, are falling. Nat Gas prices are rising, so money will come back to the coals.
And I had sex with Miss World last night...Both are true, right? Dumba....ss!
ANALysts, when they use "If .... then ...", like the moron from Axiom said "If the spot price goes to $104, then ..." He also followed that by say "chance for a turnaround"...
Whatever the f....k that means. We know this has to be related to the proxy fight. The vested interests are forcing the mgmt to come to the table. Don't fall prey to these games. Stick to your game plan. Stay long!
$23, $26 and $29 are the levels to look for!
Nope. $32+. Not a penny less. Just look at the free cash flow. They could pay off the debt from OPNT acquisition in no time. But they chose to return that money to the shareholders. If you take out the debt from the books, the fair value PPS would be in the mid $30s. And as gov spending starts to tick up, OPNT will pay for itself. I see value trapped in a time warp. Patience is the game here. This is not a momo stock. This is a classic growth stock. I can see this $50+ in 18 months easily.
Hey Elliott, shut your pie hole. No one wants your stinking offer. Let these guys do their job. Too much distraction. And don't pretend you know better about their business than the management. Either man up and make a credible offer or #$%$!!!
Management won't sell it for $24 or $26. In a year, with their growth plan, they can get this into the $30s. Also, with nice free cash flow, they can keep buying the stock. Unless a bidder comes in at $30+ I don't think anyone is interested in selling.
Also, I think all this nonsense of 'unsolicited offers' is all BS. Everyone is trying to push this up and buy more time until RVBD comes out swinging. Gov spending will be the game changer.
Which is fair value, not accounting it's potential for long term growth. OPNT debt has put pressure on the stock. But, as the synergies start to work out and gov spending slowly coming back, OPNT will pay for itself and add to both top and bottom lines.
Day is not over dude. Will be back above support. And if you bought RVBD because Elliott bought, then you should sell and go somewhere else.
Somebody wants out? Not really. This is typically a continuation pattern. Just falling back to the support line at $20. Should be above $22.50 soon, weekly 200 MA line.