There are way worse CEOs out there. Way worse. She can't really do any damage at this point and there's an outside chance one of her initiatives will actually pay off. Do you really want to fire her, pay her a fat severance, then hire another idiot, pay him, and watch the same results or worse?
Using it for what? They might have downloaded it or registered, but does that mean they're "using" it? A better measure of "using it" would be how much revenue it's generating or how many ads are getting run through it.
Why is anyone disappointed in earnings? This happens every quarter. Revenue is slightly down YOY, spending still too high. Why is that a surprise? I think they've proven YHOO core can't really grow. The spinoff and subsequent bidding war for YHOO is where this stock is headed. And BABA stock going up, of course. BABA's earnings will have a much, MUCH bigger impact on YHOO shares. Waiting for YHOO to have a good or great quarter is absurd.
You would think this was good news for GNW, but lower capital requirements for USMI seem not to make any difference. They still need 500-700M?? And can they do it solely with derivatives? Of course, management will give a bunch of non-answers at the next CC because they have no clue what they're doing. Any management team that thinks long term care is a good business should not be trusted with anything.
Oil is not hedged through 2017. Your dates are wrong. Also they show .95 coverage at $50 wti. Wti has averaged well under $50 for the quarter. When all those hedges run out, what kind of condition will the company be in? What does cash flow look like beyond 2016? They will not be able to hedge oil so lucratively as they've done in the past.
Also, partnering with private equity is not good news. It means that the days of funding expansion on their own are over for Linn, not by choice but because there is no possibility of levering this balance sheet any more -- they've maxed out the credit cards.
Also, maybe some of you longs should ask management about all of the "growth" capital expenditure over the last few quarters, because it seems production will decline this year. Where was all that "growth" capital invested? Or maybe it should be categorized as "maintenance" capital, but they want to trick unitholders into thinking they've been covering the dist with cash flow instead of debt? What do you guys think?
Why are gross margins so awful? They boasted that they got it up to 9%????
I would consider a speculative buy here but i just can't get around that gross margin problem.
"Since November, I’ve noticed every time there is good news..."
That's interesting. I haven't noticed any good news in that time frame. But plenty of "substantively bad news."
And I sold my shares today at 8.20. It may go higher if earnings are better than expected but I'm sitting on a gain from the 6.20s and I hate risk. JCP is not going bk and they should not be priced to go bk.
I don't know if I'd call it "leaked." If you have a S&P subscription you could have gotten it right away. It's not the job of S&P to make sure sites like Streetinsider report their ratings in a timely manner. But anyway, you're probably right that the ratings news was the reason for the sell off. The outlook is still negative so more downgrades are likely.
What changed between 2012 and today? She has made billions in acquisitions, increased spending and shown no revenue growth. She also wasted tens of millions on a COO. She hasn't been good at all. So yeah, you can change your opinion in a couple of years when the results speak for themselves.
Thanks for the commiseration. I liquidated GNW for a small loss today, but the frustrating thing was that I had a big gain last year over $18 and didn't sell. I am convinced LTC is a terrible business and I don't want to invest in it. The liabilities are too long lived and too unpredictable. In fact, they are always underestimated. I'm also convinced that management is terrible. I have other insurance stocks that have done very well -- TRV and PRU and AIG. No longer will I ever be impressed by book value comparisons though. I'd rather own the best companies from now on. TRV is the best of breed.
I completely disagree. The "real problem" is that the "real info" is always bad. Retail always gets info last -- that's true for all stocks. But if the company is good and the info is good, it doesn't matter when you get it.
The head of ltc got canned last year. They said he left for personal reasons but please, who believes that?