ctic took a big hit today.....may jump in on this again
Did you jump in? Would had been a nice bounce play.
ctic took a big hit today.....may jump in on this again
The construction market will not be stagnant forever. USG doesn't need to refinance their debt. Don't act like every company out there is required to refinance for some reason. Buffett has already got convertible notes that if converted will make him a 30% shareholder on top of his already existing shares. Quite frankly Buffett will probably end up buying USG some day.
USG is grossly undervalued. Your being short sighted. Look at free cash flows after normalizing cap ex and cash from ops. You are looking at the trailing twelve months. While you are at it, read a few of the annual reports and more recent quarterly reports. Your mindset is like that of Jim Cramers. So long as you are grasping for the most recent headlines, you are never going to find bargains. Do some critical thinking about where things will be going over the next 5 years.
USG is worth $30 if the convertible dilution occurs. $40 if it doesn't. Buying at a 66%+ discount is not unreasonable. At normal times, what was free cash flow like? Look at 1999-2004 for prehousing-boom numbers. Toss on inflation and the future effects of inflation on top of those numbers to see where this company is going. And remember, USG is a domicile so it's financials will be coupled to US inflationary trends.
Now you're being a troll.
If you don't want to think critically about investment or read the USG annual reports, that's your decision. You said that USG has some sort of risk tied to debt structure. how so?
I was simply suggesting that you do some more homework.
If you don't want to think critically about investment or read the USG annual reports, that's your decision. You said that USG has some sort of risk tied to debt structure. how so?
I was simply suggesting that you do some more homework.
Did you jump in? Would had been a nice bounce play.
stay clear of ctic, I don't see how the FDA can approval it, with the shorten trial and only roughly only half of the people enrolled in the trial, along with the side effects....JMHO, but miracles do happen.
Did you jump in? Would had been a nice bounce play.
Been selling my stuff on bumps. Gonna sit on cash and wait for the double dip recession crash. I've more than doubled from my buying binge from fall 2008 dip, so gonna cash in and wait for another lowball buying op. Too many optimists out now. Sure I may miss out another 10-20% run, but I'll take my chances if it means preserving powder for potential 100-200% run.
Appreciate your thoughts, keep it up.
http://www.thestreet.com/story/1067...nd-rambus-heading-higher.html?cm_ven=GOOGLEFI
Cramer recommended RMBS, guess it's time to sell (mostly kidding)
To many people treat investing like religion.
you will pocket about $500..not bad for a few mins of 'work' eh?
It's totally different with real money thou, it's like playing poker online with fake money.
Plus you can only do 3 round trips (one buy and sell of the same stock)every 5 days, over that, your broker will label you as daytrader, I think they also report that to the IRS. you will need to have a margin account with $25k or they will shut off your account for 90days.
http://en.wikipedia.org/wiki/Pattern_day_trader
What's the point of that rule?
I think is to protect you. a lot of daytraders lost money during the dotcom bubble, and back in the days, anyone with a computer, internet connection, and a cheap online trading account can become a 'daytrader.'
GenVec files $150M mixed securities shelf...no details yet..don't need to panic, this might actually be good news, they are acting like they will need a HUGE amount of money in the near future...which could only mean one thing...they need the money to commericalize TNFerade. OR this is the greatest scam ever.
Welcome back Azurik Can't imagine being off the net for so long, but I'm glad to hear you had a nice trip. What'd you do over there?
GenVec files $150M mixed securities shelf...no details yet..don't need to panic, this might actually be good news, they are acting like they will need a HUGE amount of money in the near future...which could only mean one thing...they need the money to commericalize TNFerade. OR this is the greatest scam ever.