Clearly there is some sort of delay. Multiple press releases suggested reporting after the close today. I have read 100's of these and never seen one so late. So again, the question is... What could lead to a delay like this?
I don't read the message boards very often. The longer the contract, the better the buffer, but eventually if iron goes up, clf will go up and if iron goes down clf goes down. All the contracts will eventually get renegotiated and the stock price needs to reflect weakness or strength in spot prices depending on how it could affect future contracts.
You're looking in the past. What happens to future prices will affect future contracts, future earnings, and the current stock price.
Equity is not a relevant measure of stock price. DirecTV stock (owned by even Warren Buffett) has moved higher and higher on negative equity. Equity is not very meaningful. What people care about is cash flow, debt, ability to service debt, and ability to grow earnings (organic growth, buybacks, or through acquisitions). This may be an over simplification, but plenty of companies have grown very fast with little tangible book. It is not relevant to long term investing.
The acquisition is relatively successful, although there will be some hiccups along the way. The sign that the acquisition is successful is that there is no revenue loss and customers are staying with them. If the acquisition continues to be successful, they can continue to acquire businesses and grow at a rapid pace. Their debt to equity is low, so they can continue to borrow to acquire businesses. And although their business has "minuscule profits" it cash flows fine to service the debt and potentially take on more debt for more acquisitions.
Down today as shorts move back in after the market tanked yesterday. Down a little bit more through Friday's payroll where it takes a bump up. Then it will continue to fall to about 19 for earnings next Thursday where it can go either way. Likely up based on good earnings, but it depends what kind of guidance they have.
So if the shares are 30%+ short, does that mean buyers hold 130%+ long?
I owned CMG when it was one of the most shorted stocks. I never understood why so many short the same stock. It has to either lead to the company going out of business or a short squeeze, and I don't see CLF going out of business. Is this thinking correct? Shorts generally think this thing is going out of business?
I also have owned other stocks that were shorted and then acquired like PCS and TEA. I wonder if it is possible to short a stock to push the price down and them acquire it. There is a lot of money ready to be deployed in mining acquisitions.
So Monsanto's numbers seemed generally okay today. I am guessing Impact will continue to do well for AVD in light of positive RoundUp numbers along with their other herbicides / fungicides. Envance has a lot of potential. The weakness this quarter in granular soil insecticides should be a short term issue as Smart Box usage is growing and farmers have to put AmVaC products into their SmartBox systems. The company said "on-the-ground use of our SmartBox soil insecticides increased 38% year-over-year." From talking to farmers, SmartBox seems to still be one of the most cost effective corn insecticides using Aztec / Force. Liquid insecticide is growing, and AVD will soon have a product in that space. Hopefully it will be a good product.
Sentiment: Strong Buy
This is all a game. Shorts pushed it to the breaking point. Stop losses were triggered pushing stock even lower. Now they buy up the shares people got stopped out of and ride it back up.
basscred, a value trap is generally where the P/E looks low because the price is low compared to historical earnings, but earnings are shrinking rapidly causing share prices to fall. As prices continue to fall, P/E continues to look low trapping in value hunters that don't understand the stock. BBRY was a great example of a value trap. People think there is value there based on price to book and price to earnings, but in reality, it is an obsolete technology. Another value trap MIGHT be TTS. Debt levels are high, and growth could slow or stop.
Questcor is not a value trap. The company and analyst have all project very strong growth, and the stock has fallen not because of revisions to future earnings, but instead due to short attacks.
Any chance this company will ever get bought out? SCL.TO is an aggressive growth company, and could afford to issue shares and debt to buy AEGN. It could be structured in a way that is immediately accreditive to earnings.
I am surprised shorts are targeting a stock that buys back shares and issues a dividend. In fact, QCOR should borrow $300 million and buy back 5-6 million shares. That would send the stock dramatically up. Additionally, it will create a short squeeze. Regardless, this will be a tough stock to keep down considering how fast it is growing.
ACTHAR works. If your child has Infintile Spasm, you buy ACTHAR. All the drug companies know that ACTHAR works, and the soonest a competing drug can be on the market is about a decade.
If QCOR stays in the 50's, the company will be acquired.