The Volume was 138M on 5/11 , then it was cut in half to 63M on 5/12, then cut in half today if it finished 32M which is where we are heading. Today we have some "short" covering as the PPS forms a base and we may see an increase in short covering the last hour of trading as some of the shorts go long for next week. Once the PPS goes up with a few "good words" and maybe an upgrade they will try to drive the PPS up to over valued and short again .
It's all a game !
You are not allowed to profit from your company being in trouble. That means no short selling and no buying of puts.
If someone could profit from their company being in trouble, it would be a simple matter to short or buy puts and then sabotage the company.
What's your feelings foe tomorrow......4.00?
No the volume is still too high . If we can just flat line tomorrow I would take that as a win.
Next week things should settle down and ODP will trend up now that they known they are on their own and they must kick it in gear !
There will be some changes made with new goals.
Hey Ace, are you so embarrassed now, had to change your screen name?
You really don't know who you're posting to do you. You have no clue !
Who's ACE ?
That was a Fact, Jack! BANKRUPTCY DEAD AHEAD!!
Keep dreaming. You got a lot to learn about BK ! The "RED FLAGS" are not there in any way or form and as one poster said nobody is buying your ................
Companies heading towards BK do not buy back their own shares
Where do you get BK ? ODP has almost a BILLION in CASH. The ASSETS are 6.4 M vs 4.8M in LIABILITIES
The Book Value is$3.02 per share.
No BK Court would ever ALLOW ODP to file for PROTECTION under the BK Laws with all their cash and assets greater than liabities.
This is a good company with ZACKS rating them "A" for value "D" for growth, "A" for momentum and "A" for Total score. They do rank them as a 4 sell due to estimated earnings but that can be turned around with new planning and focus. The TOOLS are there !
As the Staples merger process comes to an end, we look forward to re-energizing our business
This is a "Good Thing", new or different people full of energy to make their mark and meet "New Goals" !
Some times that is all you need, a fresh way to look at things, with a clean slade without the old baggage. Now EVERYBODY KNOWS the new goals for where the company is going ! I like it. !
I am new to this stock but not new to making money. This stock is way OVERSOLD but the time to by is when the Volume slows down close to normal so you don't catch a falling knife. Even if you miss the bottom and catch it on the way up is better than getting burned on the way down.
Sometime today, maybe even this morning our time will come. Everybody that wants out will be out and the buying will start.
This is not a bad stock at all.
“Any Democrat administration tends to be more concerned about concentration and competitiveness,” Varaiya said. “So it’s likely they will bring more cases before a judge.”
But Behren doesn’t rule out political influence in all cases.
“We view that the Bush administration was much less inclined to prosecute what they perceived as antitrust or market concentration,” he said. “Obama administration regulators were aware in the case of Baker Hughes that Halliburton had agreed to divest $7 billion of revenue to get this done. That still didn’t get the job done.”
Behren said the most scrutinized transaction at the moment is the Walgreens Boost Alliance deal to buy smaller drug store chain Rite Aid. Walgreens has agreed to divest stores to get the $17 billion deal done, but regulators are still scrutinizing it.
“It’s possible that structural remedies could satisfy regulators,” he s
Walgreens has set a LIMIT to the number of stores it must sell. That's why I don't think it will happen.
ODP was $9.64 on the day the merge was filed . Today ODP is worth $3.67, almost one third the value it was. Still think RAD will only drop to 8 bucks if the merge doesn't happen ? Dream on !
And all this is to CHASE 1 dollar with DEAD MONEY ! Good Luck with that !
Looks like everybody that wanted out is out an people are buying now. Seems the bottom was set on not that great of a volume and the PPS is slowly headed up into he CC.
I thin we will be just fine later this week. The big surprise is OIL being down after Canada loss 33% of their Oil production. That makes no sense !
Found info on "Nasdaq earnings report RAD". It shows it beat earnings by at least a penny the last four quarters.
You are correct they do show a beat . I used Yahoo and they show no beats but I check my ZACKS which I am a member and they also show a 1 penny beat each of the last 4 quarters.
RAD is still no gem.
RAD is definitely questionable. It beat estimated earnings the last 4 quarters, which is a positive
RAD NEVER BEAT ESTIMATES in the last 4 quarters ! RAD missed by a penny or 33% the May quarter and missed again by .02 or 50% the Aug quarter. They met lower est. the Nov Quarter and just meet the Feb quarter. They NEVER BEAT the est. the last 4 quarters !
Probability Of Bankruptcy Analysis
For stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis.The score is used to predict probability of a firm or a fund going into bankruptcy or experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.
Probability Of Bankruptcy
Z-Score = 38 %
WBA broke below its 50 day moving average 17 days ago, and never looked back. Just wondering if I would be trying to catch a falling knife!
There are 2 ways you could make some money but the timing is still up in the air.
If the FTC opposes the RAD merger WBA could "pop" up 20 or more bucks and RAD for SURE will lose 20-30% the day of the FTC news release. The SHORT LIST has been growing at RAD. So if you buy WBA and Short RAD you win on both trades.
If the merge goes thur RAD shares will be sold for 9 bucks to WBA which is about 1 dollar higher than it is now.