Another $.11 in returns from EVOL. The gift that keeps on giving over the years. They are fairly even with regard to revenues and expenses which involve UK, Euro and Franc, so should not suffer any large exchange rate issues. They did about 16% of their 2015 revenues in UK, but again, since their services tend to cater to "downscale" phones, not sure economic "softness" would be a headwind...so if the stock gets dragged down over the next few weeks by the "Brexit" and U.S. Political uncertainties, I would view it as a buying opportunity.
All of the "sucker" boiler-rooms are combing that list right now, as people put their address, e-mail etc. They are especially interested in the turkeys who bought large amounts at under $.50 once it was basically known they would file Chapter 11, as they are the biggest rubes of all and are gullible enough (and have some $$).
I would be embarrassed to have my name on that list, but at least if it was for a buy price over $3 you could say that they were investing in a company; but those maroons who bought under $.50...only one name for them...SUCKERS.
There is no doubt that the price is extremely attractive and the risk/reward is highly favorable; however, I have to keep my fingers from reaching for the keyboard as I already own more of this than is really prudent for the kind of allocations I have in my portfolio. I am not in any hurry and believe that if they can double their top line in 5 years (15% p.a. growth) they can QUADRUPLE their bottom line (or even better) due to the enormous leverage in their model and their high gross margins. I do think it will take till Q3 till the YOY comps look better.
You must be a bag holder with a brown bag full of VRX certificates. Karen Finerman is an excellent money manager and has made a lot more for her investors than Ackman!!
Those talking about net worth don't have a clue. It is all pumped up air called goodwill and intangibles. You can't pay off a bank with "goodwill".
It has been several years since I have seen such a vicious attack on a hedge fund, but Mr. Ackman has invited this with his theatrics and also the size of these two positions relative to his entire fund. They have it in for him and will continue to drive Herbalife up, Valeant down (and if you are smart you will get the 13F-HR and find out what other stocks will go against him in the next week or two!!) fwiw
AND it will be good for shareholders who are long-term investors and will pay off in 2018, 2019 and 2020 with new drugs in their pipeline and a diversified product so all of the bagholders here can quite yammering about Zika and run on to the next hot thing; may you should go to InCloud again?? Time to push that pos up the hill once more since they have wrung out the last batch of suckers.