I closed out my Dec 175 puts right at the open as soon as I found out about Macy's results. Pull back thesis may be correct, but Macy's very strong results blew out the retail-saies-are-in-trouble bears.
Seeing a bunch of those messages on Facebook today.
From a classic TV series opening sequence:
Number 6: Where am I?
Number 2: In the Village.
Number 6: What do you want?
Number 2: We want information.
The purchase order PR contained no numbers.
The longs are prisoners in the UNXL Village without information.
Wall Street thrives with numbers to crunch, and with numbers comes intelligence to make decisions.
Yes, dilution goes from 116M shares to 82M shares.
Per their 10K "The number of outstanding shares of the registrant's common stock as of October 18, 2013, was 1,051,855,450". So the diluted # goes from ~1167.8M to 1133.8M or a reduction of 2.91% about the 3% mentioned in the PR. Decreases the PE to a better #.
Ford market cap per vehicle sold per annual rate: $29,200
Tesla market cap per vehicle sold per annual rate: $975,900
Something not computing here.
Ford making $, TSLA losing $. Ford looking good here. Even their electrics are doing OK.
Seems a lot here are getting the two mixed up.
The annual budget DEFICIT has been DECREASING in recent years. However, as long as there is a DEFICIT at all, the total DEBT will continue to INCREASE.
Didn't see this posted.. was in DigiTimes, dated yesterday.
Taiwan-based Rexchip Electronics, which is now owned by Micron Technology as a result of the US chipmaker's acquisition of Elpida Memory, has scaled up its mobile DRAM capacity to meet growing demand for mobile devices in the fourth quarter of 2013, according to a recent Commercial Times report.
Mobile DRAM output at Rexchip has grown to reach 40,000 12-inch wafers monthly in the fourth quarter, up from only 10,000 units in the second quarter, the Chinese-language report said, without citing its source.
The report also indicated Micron's DRAM fab in Hiroshima, Japan - previously owned by Elpida - has started building mobile DRAM chips using 20nm process technology since the fourth quarter. Monthly output of about 100,000 wafers are already being manufactured using the newer node, the report said.
A previous Digitimes report cited industry sources as saying that production capacity at Micron's Hiroshima fab would increase by 20% in the fourth quarter. The capacity ramp-up will merely reflect the fab's migration to a more advanced process geometry rather than capacity expansion.
As combined mobile DRAM output at Micron's Hiroshima fab and production subsidiary in Taiwan is set to expand in the fourth quarter, backend service providers including Powertech Technology (PTI), Walton Advanced Engineering and ChipMOS Technologies will benefit from the robust shipments of mobile DRAMs from Micron.
In particular, the Commercial Times report identified Walton as the biggest beneficiary as the company secures about 50% of the total mobile DRAM demand from Micron.
I was hoping to figure out what MU would have earned during the recently completed fiscal year on a pro-forma basis (as if the Elpida acquisition had happened a year ago) with all the one time stuff backed out, but didn't see enough numbers, or wasn't smart enough to enable this work. No big deal, as obviously it's the numbers going forward that count.
I prefer no buy backs and no special dividends. Instead increase the regular common dividend as funds become available. This eill put a much more solid floor under the stock.