I suspect cheap prices for fossil fuels has more to do with the depressed price here than anything else.
@kfrom: I wondered the same thing but I researched it a bit and I can't find any evidence that HTCH was part of the Russell, so a sell-off based on a reconfiguration of that index won't explain the big drop on Friday. As a long, I would like to be wrong and would be relieved if someone can show me I am. On the bright side, the volume on Friday, while solid, was not exactly impressive. So the drop in price is not as concerning as it would have been on big volume. Whistling past the graveyard? Hmm... time will tell.
@cc: Excellent information. Thanks for putting the board onto it. The fact that the OIS news has not moved the stock is, to me, less strange than the apparent lack of interest in the suspension biz. The suspension biz is a proven biz and a known quantity. It makes sense to me that a new technology like the OIS advance would have to undergo a "trial by fire" period. I wouldn't expect huge multinationals like Samsung or Apple to embrace something like that right out of the gate because they have too much to lose from introducing a new phone that flops. Or, worse, a new phone that leads to recalls and big write-offs.
For a while now, HTCH has been both the most boring and the most interesting of my holdings. Boring because we seem stuck in a $1.95 - $2.05 range. But HTCH is also the most interesting stock I own because the potential here seems prodigious, as @uptab and others are so adept at pointing out.
WWAV crosses the $50 mark. What a horse. I have no idea whether this thing is going to be bought out as so many seem to believe, but I suspect there are some CEOs who wish they'd tried to buy it 20 points ago.
I know nothing that isn't in the published reports, but it tells you something about WWAV that they announce they're going to spend more than a half billion dollars for an acquisition and the stock opens up nearly 1 percent.
@bargain and @uptab: I enjoy and appreciate the respectful disagreement. If only more Yahoo stock boards could have posters who do the same.
I believe Buffet got LEE stock a few years back when he bought LEE debt. I think it's a paltry amount, actually, by his standards. Something on the order of 85,000 shares. It's just walking-around money for him with LEE trading at $2.8X. The fact that he hasn't flipped it is probably keeping more than a few investors in LEE. He has bought other newspapers in recent years, so why not Lee, the thought goes? Could happen, I suppose. But that wouldn't be the way to bet it IMO.
I agree there has been some hype around a possible takeover, though I believe the case can be made here that the hype has a reasonable basis. But the hand-over-fist buying you are seeing today on a stock that is at a forward PE of (round numbers) 37 is not simply business as usual. A deep-pocketed buyer, or several, have taken or increased positions. Whether that is because of an impending takeover, well, I guess we will have to wait and see.
Like I said a week ago, headwinds in the form of profit-taking await. Somebody dumped a load, I suspect. Maybe it was Longtime, not that he's likely to tell us.
Possibly, but I believe a GCI buyout of LEE is more likely. But a buyout by GCI or either MNI or LEE sometime in the next 24 months is a high-probability event, in my opinion.
Well, I think the thing you have to worry about with the stock down mid-day 8 percent on April 29 and earnings due to be reported April 30 (tomorrow) is that there's bad news that's leaked and some folks are acting on this material nonpublic information. Not that anyone ever violates SEC rules, of course. Then again, maybe it is just traders who won't hold any security going into earnings. I see the volume is a bit above normal but nothing big.
Yes sirree, a gen-you-ine buying opportunity. There are so very many buying opportunities for HTCH. Say, you ain't from around here, are you?