No, it actually didn't do that. It chose three republican Presidents (Reagan, Nixon, and W) as the worst since WW2. They split the vote and Obama was tops in a "plurality" (he's got rwnj's so scared of black people they simply forgot to vote for Carter). Just another reason, along with the 2000 Presidential election, why plural voting is a stupid means of deciding anything.
Why is a mouth-breathing greengrocer like Art Cashin giving advice on macroeconomics?
Hey Art. If the German GDP is so important to a market like America's, then why doesn't a hiccup in America's GDP cause a total meltdown of the market in every other country?
Go back to throwing dead tickets on the floor, bag-man.
If you listened to me and sold, you saved yourself a 3% loss. Or maybe everyone who sold listened to me and caused a 3% loss. Whichever it is doesn't really matter. This stock is worse than dead. It's dead and infectious and contagious. Avoid the epidemic. Don't touch it. It's the ebola of public companies.
deal falls through, both stock retrace, you lose the purchase premium on QRE and get called on BBEP which takes back the sale premium and more. the market is heavily weighting cancelation here. but I think repricing is possible or management goes through and fights the lawsuits. more the former. but I'd like to see management respond before I make a move. like I said, this wasn't intended to be a gamble.
Google "Google paves way for 64-bit Android L devices by year end" and read it carefully.
Note how many times chip companies are mentioned, and how many times those chip companies are AMD.
Everyone else is in design wins, and AMD is still not doing anything in the real world.
AMD won't just be the 20th company to get into the ARM competition, it might be the 20th to get in to the 64-bit ARM competition.
Late and lame. That's all AMD has.
I will never have to cover.
Go ahead pumpers. Throw fallacies against the wall. They never stick.
Red like blood.
Rory's stuck. All his plans to dominate the high seas arrrr--er, are falling flat.
At least Lisa Su made herself a few extra bucks insider-trading on you clowns.
I will never have to cover.
There's heavy near-term option ownership on deep in the money QRE calls and BBEP puts. The price moves yesterday made both worth significantly more. The volume and price action today look like both sides are exercising and the shares are being dumped by both the callers and the put-upon.. Add in people in QRE bailing on their shares just because of the pop, maybe because of the new risk. If I could trust the legal situation more I'd say it's filthy oversold and a bargain-shopping buyer's market.
You don't know what 100% means. Which is indicative of your general lack of logical capability, which is consistent with your long position on AMD.
I will never have to cover.
Missing decimal point aside, Bankruptcy is AMD's only option at this point.
It utterly failed to find a transformative technology to build a moat around itself, and now it's just another hobo trying to wipe windshields with a greasy rag. The only product segment it dominates is console game chips, and game designers are starting to say they won't even develop for consoles because the new generation started out behind PCs and are dropping further and further back all the time.
AMD's window is closed. One tiny bit of negative guidance and it tanked 20% overnight. It can crash another 50-80% in a day when management starts sweating when asked about bankruptcy.
i think people forget that the market was crashing hard just before 9/11, undergoing the third dip of the dotcom bust, and capitulation was an industry right before the attack. Then they were closed for a week in mourning. When they reopened they rallied ("patriot rally") for six months, and then desensitization nullified gritty jingoism and they tanked again and stayed down for a year. W was not an economic motivator until he started the Iraq war and shovelled money into arms and physical security. But we all know that martial activity is a false economic boom, and its output does not feed back into new production capacity but is sunk investment. That was coupled with profits increased by fiat as production was offshored, reducing costs without increasing value and increasing base unemployment. So when the shysters cooked up the real-estate derivatives scam a couple of years later, there was nothing to backstop it when it inevitably collapsed.
But that's history and lessons learned. What happened today was simple panic. People are skittish because we haven't had any market-killing news in a while, and Argentina is just big enough a mid-tier economy to make people wonder about propagation. But it's in on its fourth mortgage, so there really isn't much more that it could propagate to the rest of the world that isn't already considered junk debt, written off almost the moment it was signed. China and Europe are stable (vice Portugal, maybe, but it got upgraded recently). The US just found 4% GDP in an old coat pocket. We'll all try not to look Argentina in the eye as we walk past it into the Whole Foods, is about all that will happen there.
Correct. AMD has no sustainable profits, and he gets paid $12-15 million a year. AMD is on life support generating cashflow for its C-suite. Its shareholders are being measured for a giant bag.
IBM asked for the same deal from Mubadala/ATIC/GlobalFoundries/Abu Dhabi that AMD got: Take our rapidly decaying factories off our hands and we'll give you a billion dollars (in AMD's case the kick-back came in the form of a huge stock issue that undervalued the assets by just over $1B, leading to a massive writeoff spread surreptitiously among "one-time event" camouflage in subsequent quarters).
Difference is, that $1B was a big fraction of AMD's balance sheet, and a wiggle of a digit somewhere past the decimal point on IBM's.
IBM will shutter their foundries and pay the $1B in layoff severance and write it off anyway. AMD's not smart enough to understand that's what it should be doing with its own design facilities right now...
QRE is about 88 cents underpriced reative to .9865*BBEP, but the vig is shrinking slowly. There's still a risk of the merger failing, wherupon QRE would tank and BBEP would pop a bit. So BBEP buyers are paying a premium.
This company is nothing but a piggy bank for its principals. Rory's ridiculous $15 million package, all the insider trading that's going on, and now they're throwing loot at the 12th guy to wangle a seat in the boardroom.
Shareholders, just what do you expect to get out of this thing? Because a profit is not going to be among its returns to you.