Me too that's been going on for awhile. The site is very good if not clogged up with so much garbage to mess up it's operating potential. It is amazing with all the videos, ads, streaming garbage they must have an affect on performance and you would think they would consistently crush earnings. Ms. Mayer should thank the Gods for the Alibaba investment or these shares would be at $25.
Is this machines? It is an insane move for two days especially for a company with actual negative EPS. I guess we will see soon enough.
Here it goes again. This thing plunges again due to credit issues again. Wish I could hang around to play with this today but I have to drive to Boston with my kid today...damn.
How about the CEO pay and parachutes of those who destroy shareholder value and the companies they run? Recently Dan Hesse of Sprint who parachuted out with $49 million and left the company in disarray. How about Carly Fiorini at HPQ? How about Bob Nardelli who raped Home Depot the list goes on and on and let us not forget one of the kings: Angelo Mozilo! Yeah some cops have issues like you say but so does every larger workforce of our society.
Even Jefferies did not help today in a pretty good up market. It has been struggling above $33 which is not a good sign but some new catalyst has to show up to spur this higher. The market itself seems to be going up on fumes ignoring all the bad news around the globe and September can be a tricky month.
It has had trouble getting past the mid $32's a few times recently. It may take a better earnings report or the combination of Putin ending the garbage and Draghi finally following through with action in Europe to push global stocks even higher. Considering the drop the other day not a bad week.
Either way despite good earnings they bring the shares back near $27 like a magnet. Must be arbitrage guys running the show for now. They will probably keep it somewhere near that mid point so whichever way the deal goes they can pound the shares hard in either direction.
Thought it would have been up more based on the +22.58 Nazdaq. I'm still wondering if this will be a sell the news event. If the Najarians and Adami stop telling people to buy it may actually fade. Next week may give more info about the IPO I suppose.
The question is: is this a lot momentum guys in here then it probably will pull back. If it's growth guys they may hang around like I said this afternoon will be interesting.
I've been watching this move it is insane. I'm kicking myself almost bought under $48 in the pre-market. These are momentum guys and sometimes they leave as fast as they get in. The afternoon should be interesting.
Is the silence from their board the reason it has traded well below that $29 offer? The earnings were good giving it a boost today but it had been hanging above and below $27 until the earnings. I sold a batch last week at $27.88 so I am out but I am curious about the weakness. Possibly if the deal did not happen it would head back down to where it came from so the share price was hanging around the middle awaiting news on the deal. This is a strange buyout.
Have you been paying attention to Walmarts sales, statements about their low end clients and do you see how many and what kind of TV sets they have slopped on their wall display? It looks like a 5th grader designed it. The rest of their electronics amounts to a handful of half isles. When you want that "cheap" model it is usually not there then you have to go home order it on line and have it sent to the store then go back to the store. That is the Walmart experience. I buy my propane, car oil, tubs, pet snacks and advil at Walmart. Best Buy's shares may go up or down but Walmart is and has been a disaster the past few years. The stores are old, disorganized, sloppy and in need of a makeover.
The past two days it has been moving higher on healthier volume whereas the general market had the lightest 4 days of the year up until today. This is starting to look like the 2013 move when the HFT's were owning this stock.
Shares are still going higher for now...maybe you're at the wrong BBY. This has become a seasonal trade for retail. The retail stocks get bought around Labor Day and sold in early December. Walmart's TV selections are pathetic and they are usually out of the sale items people want.