Backatcha from rural southern Wisconsin, where we appreciate a poster with a sense of humor.
Me too. But you clearly take your janitorial duties (per the LEE board) more seriously than I do mine. The people who operate these boards could eliminate this spam easily if they wanted to. You and me? We're just p***ing in the ocean and hoping to make a wave on a beach in Japan.
@fireball: Well said. Good for you. Apparently, there's a "nasty gene" as yet unidentified by scientists one must possess to be a short. Because they sure do seem to all be nasty. It isn't just enough to explain why they're not long, they have to make it ugly. A good topic for some finance major's master's degree thesis if you ask me.
A question for @opportunityeyes and anyone else who believes Conns will be bought out. Can you offer opinions on who a likely acquirer would be and why the purchase would make sense for them? Or do you believe the big fund investors in this stock are cooking something up?
Disclosure: No position in CONN
@aeishh: Tax selling is a real thing, but I tend to agree with you that it's an over-used excuse for a falling price this time of year. I suspect that the big drop in oil prices has taken a toll here, since it makes alternative energy (read "expensive energy") less attractive as an investment. And then there's the PTC, which I believe is an important headwind for this stock, unlike some others who post here. I am long and still in the green on my BWEN investment but needless to say I wish I'd taken profits at the highs earlier this year.
Today the House of Representatives passed a bill that would extend until the end of this year more than 50 tax breaks that expired at the end of 2013, Marketwatch reports. The package of reinstated tax breaks includes the wind PTC. The bill now awaits action from the Senate. Good news for BWEN though if I understand correctly the bill does not address 2015 beyond. January Not sure what's up with that. The Hill has this to say about it:
TAX EXTENDERS: The House is set to vote on a tax extenders package on Wednesday proposed by Republicans that will likely pass with ease. The package includes extending tax credits for the wind industry, but only for one year.
The House bill extends the 2.3 cent per kilowatt hour tax credit for wind until January of next year. Despite opposition from liberal Democrats in the Senate, the White House looks like it will settle with the legislation.
While the package was proposed by House Republicans, conservative energy group, American Energy Alliance, opposes the legislation, calling it a “sweetheart deal” for wind.
“A vote for this deal is also an endorsement of President Obama’s climate agenda as the PTC is integral to the administration's costly climate action plan,” said Thomas Pyle, president of the group.
Proponents of the tax credit argue it’s a critical part of wind power’s development and ability to remain competitive as a source of electricity.
Your statements on this board reveal you to be just another nasty short. (Why are so many shorts so nasty?) You state as absolute truth ("And you never will") something you can't be sure of at all. This is not helpful, prudent or smart.
That said, as I've posted on this board before, the PTC really does matter. Today is a good example. We get news of a nice $9 million order and what happens? The stock falls 3.4 percent on a day when the S & P 500 closes up 0.66 percent. I know some posters here think the PTC doesn't matter but the market disagrees.
A month ago I would have discarded your Uber comment as nasty speculation. But given the recent news about what Uber is really like on the inside, I think you may be right. We know they are capable of it, because they've already done worse.
Uh-huh. Friday's close of LEE at $3.29 times 88,863 shares equals $292,359. And 27 cents. Big money to me and probably you, too. But walking-around money for W.B. and Berkshire.
@longtime: But gold is currently below $1,200, reported inflation is low, and the dollar is strong and getting stronger. The strengthening dollar will probably be a headwind for gold prices in 2015. Your interest in this stock has piqued my interest in it, but for now I'm on the sidelines, watching and waiting.
If tax loss selling hits this issue, as I believe is likely, your fear may come true. I'm waiting til post-Thanksgiving before considering a position.
@border: I've been looking at PGH. Very interesting. Have been trying to determine whether the dividend is subject to foreign tax. Company website appears to say it is unless it's in a tax-sheltered (IRA) account, and then it isn't. What do you know about that?
@icd: My take on your two questions: 1. A classic case of profit-takers selling into the news. 2. Yes, it is. It will go to $40+ either with or without the help of a buyout of the company. My 600 shares are not for sale.
Ruh roh. Seeking Alpha is alerting me to another HTCH earnings miss. Did the dog eat management's homework again? I can't wait for details and the intelligent discussion I know I'll see here.
Tend to agree on your management assessment though I also believe the decline of enclosed malls may be a headwind for them that's not their fault -- and also not within their power to correct, which is scary. I'm kind of surprised, given the years the company and stock has languished, they haven't been taken private by some fund, slapped into shape, loaded with debt and sold back to the public. I wonder if they might be attractive to another acquirer-- Ascena comes to mind. Clearly, what they got going on now ain't working.
@stench: You really have no honor. Go ahead and laugh at me. You have no honor. We are all here because we want to make money, but there are things honorable people will not do to make money. Making things up to impress the naive or fearful is one of those things. I hope what you said is actionable and that the company is paying attention. But I suspect neither of those things is true.