its normal in these small caps..the long term is big bucks for these guys..and since they own 90% of the shares already, they can pay a premium on a very small percentage of the O/S...they could offer 40 and it still wold work for them.no biggie
Wouldn't be surprised if the buyout occurs immediately following the vote or with a couple of weeks...
it will not go for less than 25..30 possible IMO but that change of control provision is in there for a reason
but would you be surprised to know that short interest has also dropped 2.2M shares over the past two months? What is happening is that hedge funds are covering within their own trading accounts..people always sell on fear at the worst time and they play on your fear...While you are selling, I am buying and so are they..
300M market cap for this company is pretty much free, given the current cash position and residual equity..
Let's be clear, forward earnings would be more than double if they didn't go to the ABS model. If they don't start getting the interest rates they projected, they will drop the program like a hot blonde whose man is broke.
The market cap of this company was 1.6B less than a year ago and its pretty much the same company...
Delinquency rates are almost identical..
Because of the increasing maturity of current loan portfolio due to slower portfolio growth, bad debt expense is coming down forward..market is wacked..complete lack of understanding of this business..
going forward, comp sales will be down, but up 40% over the past 3 three years so no matter, and profit will increase substantially as CONNS gets rid of dead beats...I guess market doesn't see it? or is it just trading manipulation like usual..
12.50 on a 30M O/S.....sheer lunacy given the business isn't imploding as feared. In fact, business is improving and sales declines are management driven not market driven..problem may be there is no catalyst but with no float available, any news should have powerful impact on PPS..
1.6M barrel a day Oil strike will accelerate big worldwide inventory decline that were to start in third qtr..fundamentals
Note today from GS
"Goldman expects "gradually improving fundamentals" in the oil market, driven by non-OPEC production declines, which it forecast will spur a "sustainable deficit" heading into the third quarter of this year."
absolutely untrue....iran having trouble increasing over 400 barres a day..Saudi at capacity
this will put dent in inventories
you forget they are all already producing at capacity..only Iran can grow from here..and the US..that's it..the rest of the world is just treading water forward..
they told analyst to back into the interest expense during the call but they don't provide how much ABL is in the pot..they are purposely compressing EPS..They didn't even have to go to the ABS now..they could have slowed growth until the 60 day was back down before they grow again..EPS would be 2.50 to 3.50 without the ABS. There is no doubt they are dirty..100%
As soon as the stock started getting momentum, the same 13.7k short trade dropped 20 cents like it has hundreds of times before or the last 8 months..just like at 11:24Am and 11:32AM
Management either wants this to happen through internal manipulation of EPS and share price or they are a bunch of oblivious boobs...
It would help if the company said something positive but they have no interest to do so...
Do regulators care? or even know? the answer is no
yes..better than others because at that price non-core is sold and debt goes down below $1B unlike others..
US and world inventories will fall pretty hard for the rest of the year from here..many experts predict this...and that's why they're will be a freeze too