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Agreed, and that could be in the Billions for lost share value.
September 13, 2024 11:19 PM UTC
Icahn Enterprises wins dismissal of investor lawsuit
Carl Icahn's investment company Icahn Enterprises (IEP.O) won the dismissal of a lawsuit claiming it artificially inflated its share price by issuing unsustainably high dividends to help the billionaire investor obtain large amounts of personal loans.
In a decision on Friday, U.S. District Judge K. Michael Moore in Miami said shareholders in the proposed class action failed to show that the company made material misrepresentations or omissions and did so with an intent to defraud.
ICAHN ENTERPRISES VINDICATED BY DISMISSAL OF MERITLESS LAWSUIT THAT PARROTED FALSE AND MISLEADING CLAIMS PUBLISHED BY HINDENBURG "RESEARCH"
GME is stronger than the rest of the market today. More volume up it goes.
GME has over $4 Billion in the bank, think about it ; this stock should be over $50 right now. It will be.
It will be interesting to see this stock move over the summer. It’s been suppressed for a while now , it pays a 22% dividend and has Carl Icahn at the helm , I am in.
Good start today. With $4B in cash, we should see a spending spree soon
Investments , mergers will be big news!
Ryan Cohen's 16B case (BBBY) is dismissed today by New York State Court! Yes, good news.
It appears that $24 was the floor, higher low, and up front here.
GME, this one is a strong one. Holding for years and I believe we are here . Many positives and huge Call positions due soon pushing it. The company is in stellar shape financially and has the cash to pursue other streams of revenue. GLTA.
Gary Gensler, SEC Chairman
Very exciting to see the GME high volume recently and resulting price increase. They can’t hold this beach ball under short water for long. I wonder what the newly formed Investment Committee is doing? This appears to be on the move, watch the volume.
GME will be awesome this week!
Volume is 30M after 1 hour of trading, very high. Just need the MM’s to give us a run today.
Slowly creeping up in share price. When is the quarterly report?
GME very good quarterly report yesterday, expenses are really under control, much better net income/(loss),
over $1B in cash and no long term debt, going into the Holiday season. The share price is fake, and stock is over shorted ,
(short thesis??) Managed by a visionary, and proven team. Holding this gem for long term and inevitable squeeze.
Agreed, $20-24 today.
Here we go!
Butterfly is beautiful $$.
I just saw a Butterfly.
At least $25+
AMC will run , it can’t get much worse. Fundamentals have improved and charts don’t lie. Now that all that APE conversion and R/S nonsense is over it should be clearer sailing here.
Correct, Jimmy doing serious due diligence on a Chapter 11 stock is the answer. Soon enough we will know!
Exactly Money, GME actions speak louder than words and man are they performing.They are the future, Web 3.0 etc.
GME has $1.2 billion for possible acquisitions and no long-term- debt . Sales beat the Street expectations. Company is sharply lowering SG&A expenses and running even leaner operations. Simply stated,this is a phenomenal business success story!
SECOND QUARTER OVERVIEW
•Net sales were $1.164 billion for the period, compared to $1.136 billion in the prior year's second quarter.
•Selling, general and administrative (“SG&A") expenses were $322.5 million, or 27.7% of net sales for the period, compared to $387.5 million, or 34.1% of net sales, in the prior year's second quarter.
•Net loss was $2.8 million for the period, compared to a net loss of $108.7 million for the prior year’s second quarter.
•Transition costs related to European restructuring efforts were $4.3 million for the second quarter.
•Cash, cash equivalents and marketable securities were $1.195 billion at the close of the quarter.
•Long-term debt remains limited to one low-interest, unsecured term loan associated with the French government’s response to COVID-19.
The Company will not be holding a conference call today. Additional information can be found in the Company’s Form 10-Q.
Excellent financial results foe QTR ending 6/30/23 !!!!
The media loves to talk about big entertairers like Taylor Swift . AMC news here , it gets a lot of eyeballs and positive financial news which may lower the temperature on AMC on the Street, and give the stock a chance to rise as it should. The C-Suite got what the wanted, so if the get more shares they will be interested in the share price rising and we can benefit.
This is a huge great surprise and very bullish. A new huge revenue stream. AMC news keeps getting better and I think millions of TS fans would like to see her show in an air conditioned theater with popcorn and drinks and DOLBYsound . I am getting excited again and the share price just has to reflect the news. We should be at $30 pre RS right now; the current price is just stupid and pathetic. The REAL share price after naked short /synthetic/ token closings is probably in the high hundreds pre RS. I guess we just have to wait and need a much more positve attitude from the C-Suite.
12 more days!
It’s ripping AH . They can’t hold it down!
After hours AMC price spike in the works here?
Expect the unexpected, a run could now be imminent. God knows what the real price is, probably in the thousands.
Interesting the amount of Buys this week in AMC. Could they be closing out shorts in anticipation of conversion, and cause a sharp rise in AMC opposite of what is being pushed by media. APE is remaining static . We will see . What a mess.
Great morning, bought a lot more on the dip. Sooner than we think for news.
True, it’s only Monday, let them run out of ammunition. Look at the massive FTD’s unbelievable. Holding they lost the battle , the war is on.
Yes indeed, and into the 40's we go, turnaround news will make this a runner. Oh and all those shorts whose thesis becomes mooted , oh well even more buying/covering and higher volume and stock price.
Yes, and this is never going to see 30 cents again. imo, It really is benefitting from Chapter 11.
Can’t keep this beach all under water, soon big news. Nationwide chain of stores including Buy buy baby, distribution centers , leases, inventory, still need to be bought!!
Never see $.30 again ? Up and beyond!