I read last night that any day a ruling from the NLRB could place onerous burdens on the parent company's of many restaurants, hotels, etc, that use a franchise model. Anyone have a thought on the possible impact of such a ruling on DPZ, etc? I'm guessing this is being overlooked and is a possible short catalyst.
but it can't hurt...even if this just helps psychologically:
I like your swagger - you're the Donald Trump of the message board. I was short/long puts Z for a long time, but covered a few weeks ago, in large part because I feared a squeeze, and expected a seasonal bounce which never materialized. Just watching for now.
MS downed to sell (WDC to hold) on Cloud spending risk from China, lower margins, XRTX drag. There is a synopsis on Benzinga. New PT goes from $49 to $34.
I haven't seen the note, so I am not sure of their reasoning, but never a good sign when a bulge bracket firm puts a sell on a one-time momo name. Ouch.
I remember their endless pumping of this dog, as well as many other one-time high fliers...I see they still have this disclosure: "The Motley Fool recommends and owns shares of 3D Systems and Stratasys"
My point, do your own thinking.
The way it usually works is the IPO stock, priced at $20, goes directly to the institutions (80-90%), as well as "friends and family" of the company (10-20%). The underwriters have discretion about which institutions get the IPO stock, and naturally they reward their best clients with the biggest allocations. Usually the company going public has a lot of input about which funds get the most stock...they tend to want mutual funds and pension plans to get the IPO stock over hedge funds...the underwriters have a 15% over-allotment they can exercise within 30 days...their commissions are imbedded in the $20 price, and that is usually about 6% of the $20 price.