Good post. LNN has now reported similar dismal results and guidance.
There is some technical support at $70 but we shall see if that holds.
There is another change now showing on the balance sheet.
For the first time in a long time their cash is less than their long term debt.
Didn't they forecast a significant drop in growth rate to be close to 20 percent?
In any case, their price:sales ratio looks far too high to me even with their prior growth rate.
Is there ANY country south of the border where company executives can be trusted to be honest, not corrupt, not associated with corrupt government officials, internal books can be trusted?
None that I know of.
South America actually started moving into the "European world" about the same time as USA but something went very wrong and that trend continues unabated.
Brazil is now going through the same corrupt baloney.
South America is "uninvestable"
Same same for Central.
Sentiment: Strong Sell
Company focus is on sales impact.
I would think the problem would be retrofitting flooring if ordered to do so.
The problem is not sales IMHO.
All poultry stocks EXCEPT Seaboard went down and Seaboard is the ONLY company with reported outbreaks. SEB rose. Ironic.
SYMC, leader in data security doing $6,676,000,000 (6.7 billion) a year in sales and extremely profitable.
Gotta loves those shorts! Love them. Squeeze them into next quarterly earnings. Make them pay 50 percent more to cover!
Short% of Float (as of Feb 13, 2015)3:20.90%
Sentiment: Strong Buy
Sure looks like corruption has taken down far too many publicly traded corporations over the past four years. Nothing can be trusted in Brazil anymore. Too much dishonesty, corruption, fraud.
Lawyers liquidated Lumber Liquidators?
They have $22 million in cash.
How much will it cost to remove and replace the flooring? Is the flooring poisonous?
Shocked to see normally conservative Legg Mason owns shares in this stock.
Before I saw that one might consider this stock the most overpriced of all on the stock market.
"Sociedad Quimica y Minera announces that its Board has established a special committee to analyze the matters that have been divulged by the press in recent weeks and are the subject of ongoing public cases and investigate such matters (SQM) : The Board delegated to said committee all of the authority needed to undertake the assignment, and instructed the committee to retain such independent external advice as it deems appropriate at its discretion. Upon performance of the investigation, said Committee shall report back to the Board of SQM S.A. with conclusions and proposal of action, if any."
FYI: "loose" means not tight.
FYI: "lose" means to lose things like "lose money"
90% of options players lose money.
Massive numbers of Deere (as well as other companies) equipment is used in oil and gas, particularly in the latest fracking business. This is my own personal observation of some of the newer fields. Not only is the equipment used in oil & gas directly but also in construction of housing for such activity.
I will see what earnings and guidance are before re-entering.
The energy industry announced today a 40 percent cut in spending on oil & gas discovery and production field development.
I don't know about Warren Buffet holdings but his Berkshire Hathaway Inc. sold all shares in September 30, 2014 reporting:
BERKSHIRE HATHAWAY INC 09/30/2014 0 (3,978,767) Sold Out
Brazil seems to have a disastrous bunch of hedging managers who seem to ALWAYS be on the losing side.
1. Fire them all immediately.
2. Investigate the trades to determine all relationships between interested parties on both sides of all hedging.
3. Replace these hedging decision makers with HONEST professionals.