investor's business daily has a story that states the income didn't meet expectations. I didn't buy because mergers tend to not go well at first . Also the increase of 30 million shares should have diluted the earnings significantly. Oh well.
It was nice to see that some analysts said the stock would have reduced earnings. That means that the analysts didn't have any inside information because they were mistaken as I was about the direction of the stock.
that does the processing. I read an article where one business person claimed he didn't want to spend $450 on hardware for each cashiers area. Who knows if that is accurate.
I am waiting to see that price too. There are stocks with similar balance sheet per share data. At least one stock with similar balance sheet was at $15 for a low in 2012.
I have a database of stocks. I found one stock, BKE, that had similar financial data if the equity , cash, inventory are broken down into per share numbers. BKE was around $15
I have a database of stocks. I was doing some research about GPRO due to price drop. I think I had one stock that has similar balance sheet that was around $35 for a low, but it had good income. Not sure what price this settles at based on bad income report.
what is so outstanding about it. This stock was the darling of wall street as long as cops were supposed to be wearing body cameras to have evidence of their behavior with some of the a..hole citizens in the US.
Nobody will believe me, but there is a stock with similar financials that hit a low significantly below this stock's price in 2012. EMN
when some teenage kid invested in a bunch of his favorite stocks and then all did well. Hope he made some money on it.
Looking at the capitalization value last year when the low was $38, this stock looks very interesting now.
EMN income was $2.9
Eastman Chemical EMT 2012 19.12 46.96 - low price $40
Along with revenue is increased debt. Generally companies that merge will encounter issues that will accumulate expenses of some sort, thus markets don't often approve of mergers. How many mergers are smooth transitions? I know my company had no smooth transition no matter how many corporate emails were sent to employees telling us nothing would change.
I did my due-diligence based on the financial report data. What can you offer? I don't claim to have the answers, but I do have that theory which has served me well in the past. I can wait. If I am wrong, I find something else to evaluate. I know two insiders bought and that is unprecedented in this company, but ... I know like it sounds as if I am talking the price down, but I justified my calculations.