Cramer interviewed the CEO to hear his heart warming story about free drugs for those who have trouble paying for them. There must be so many pharma companies doing business like Linden Care..... Cramerized!!!
It is remarkable that this stock is doing this well after what they said. In this market stocks usually get whacked pretty good and continue to when they warn.
You don't have to warn me I've been posting almost every day this CEO way overpaid for a dying asset at a market top when the market is now laser focused on debt and the diminishing ability to get it from lenders. AT&T will never service this debt in our or this CEO's lifetime. Verizon built their own TV package/business over time by themselves not by overpaying all at once. RS believed that to compete he needed TV but at what price?
I don't know if there is some underlying reason for MU's action lately possibly issues with pricing and capacity, sometimes markets manipulate stocks in either direction when it seems to make no sense but I was posting awhile back when there were rumors about the possible SNDK or MU buying of another competitor I thought it made no sense they ran MU to over $19 and when these deals don't happen in this case MU not being involved the market usually slams the stock that ran up for no reason in this case it was MU.
Both had a problem with earnings and DSW warned yet DSW has gone almost straight up since the hit from earnings. I can't figure it out unless DSW just got too cheap I wonder when that will happen with SKX.
Had a $6.95 average from Friday sold $7.75 actually did get a $8.70 short covered near $8 (too soon of course) back in down near and under $7. The action from Friday and today was very similar but man do they manipulate this thing now. There was a near 197,000 share short trade to get the closing price of $7.05.
I still hold a nice amount of T shares fortunately I was selling a big chunk from $36.20's to the $34's and based on the price action of T especially after what appeared to be two decent earnings reports recently you still believe that these shares are going higher after the price action and now with the chance of a 1/4 point rate increase next month shares cannot get out of their own way. You should seriously take a more objective look at companies who are now burdened with huge debt loads and see how those shares are doing. Take a look in the mirror and wake up while you are removing the wig and makeup.
allowing the shares to move off the bottom for now. Josh Brown said on the FM halftime HTZ was a hedge fund motel possibly explaining the dumping of large volumes down to $16.26 while that was happening there was little on the Bid side. The market may have known that's what was happening and scooped up shares cheaper since I still think earnings were not a disaster justifying the big drop.
They were not horrible despite the miss. I kind of expected numbers like this not big misses on both the EPS and revenue but today the shares are being caught up with the bad market day and HFT play. I think it may be a bit of an overreaction today I'm not sure if it recovers some by the close but I think we see over $17 soon again.
All that information is very informational but A&T is now strictly about DEBT and this ill-time deal at a media top.