He keeps promising something new & ** amazing ** every time he speaks. I think the market is tired of him & his leadership.
What was good about the earnings? They beat lowered expectations. Earnings were down 8.5%. Margin is still below the 40% it needs to be. Margin guidance for the holidays, the most important quarter, was lower than expected.
Apple is now king of a low-priced commodity product. Lots to cheer about there...
Earnings down from last year. Margin down. Margin forecast for what is the best quarter of the year is forecast to be down.
Earnings down 8.5% from last year & gross margin down. Sales were up because the low-priced phones were cannibalizing from the 5s.
There's nothing to really drive the stock. It will make a lot of cash, but high growth days are over.
That's about $21/share or 5.5 million in share repurchase power at the current price. If they still have the $1.9 billion in cash allocated to share repurchases, there's another $33/share or 8.6 million shares that could be repurchased at the current price.
Market realist will probably soil himself as he tries to cover his short. Look for a flood of articles with claims like "Halloween candy sales forecast lower corn plantings due to less corn syrup usage" or "November full moon to depress corn prices".
73% of the contracted annual sales is a 15 year deal with the remainder of the annual sales contracted for three years.
Instead, as part of the deal, they will contract to buy from CF. So, competition eliminated & a 8% increase in sales volume for a segment that has a 57% gross margin.
One way to look at that $1.9 billion in share repurchase power is that it represents $33.33 per share, though I doubt CF will give it out as a dividend. Who knows maybe there will be enough pressure to do that, but I'm happy with getting it as capital gains as the float dries up.
To $4 per year. To be able to announce this just prior to earnings is probably an indication that the earnings will be good. The long-term outlook must be good as well, otherwise they would've just paid a large one-time dividend.
In addition, the company STILL has $1.9 billion left to use for stock repurchases.
lol, it is really funny. Dogcrap_greeen, I mean the "author", must be losing his #$%$ to post so much biased BS. At one time you could block "articles" like those from being displayed, but I don't see that capability anywhere. I left feedback for Yahoo! Finance about removing them.
Yeah, I was thinking the same thing. This has been going on awhile, but especially the last couple of days. The premise of these articles is mostly wrong, how is this getting published on Yahoo! Finance? It makes Yahoo look like idiots, imho.
Major support at about $206.50, which is the Fib retracement 61.8% "golden ratio" number from last top to bottom. Resistance would be at about $216.50 which is the 78.8% level. I kind of expect the stock to level off around here (but wouldn't be surprised if it keeps going) until the meeting in Nov, at which time I hope there's news that sparks a run to $250.
Maybe they'll spend some of the money on a big, fat dividend if the stock goes "too" high. Of course for the average investor that would be seen as something great, which would only push shares higher.
Foolish to look at insider sales as an indicator because they're usually triggered by events unrelated to the stock's value. Insider buys are more reliable.
I believe that CF already priced in urea sales at higher prices. In any event, retail urea is down 45% in the last year, which will spur farmers to buy more. Wholesale urea is down half as much. Since the fertilizer is half the price, farmers could buy twice as much & urea producers are only taking a 25% hit, so... Furthermore, it only costs $150 in natural gas used to produce that urea selling for $303 - sounds like a pretty good business to be in.
There is no HS pattern. In fact the chart is in the middle of a classic double bottom reversal. Peak at 195, trough at 170 points to a 220 rebound (195-170=25+195=220). The addition of a 20 dividend and momentum would take the stock to 250.