Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
K has been fairly steady, POST jumped when this was announced, I think. I own K, not POST, I like CPB's CEO, however he blamed the winter storm closing the plant in TX in two different quarters, WS didn't like his BS, they spanked the stock. I'd be buying CPB if I had extra money.
Post Holdings Reports Plan To Distribute Interest In BellRing Brands To Co. Shareholders, No Terms Disclosed
5:02 pm ET August 5, 2021 (Benzinga) Print
Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced it plans to distribute a significant portion of its interest in BellRing Brands, Inc. (“BellRing”) to shareholders of Post.
Post currently beneficially owns 71.2% of BellRing through its ownership of 97.5 million of the 137.0 million non-voting membership units of BellRing Brands, LLC (“BellRing LLC”), which Post may redeem for shares of BellRing Class A common stock at a redemption ratio of one share of Class A common stock for one BellRing LLC unit. Post expects to distribute its BellRing interest to Post shareholders under a plan of distribution that could include a pro-rata distribution, an exchange offer or a combination of both. Post expects to determine the form of distribution based on market conditions. Post currently contemplates retaining less than 19.5 million of its BellRing LLC units, which it ultimately expects to exchange for existing debt of Post. At the transaction closing, Post expects BellRing to distribute a special cash dividend to all BellRing stockholders, including Post. The special cash dividend would be financed by debt financing transactions to be consummated in connection with the distribution. Post intends to use the net proceeds from the special cash dividend to pay down debt.
Completion of this transaction will unlock meaningful value, give Post shareholders direct ownership of BellRing and provide BellRing with increased strategic flexibility and enhanced trading liquidity. The transaction will be governed by definitive agreements to be entered into between Post and BellRing and is expected to be completed in the first half of calendar year 2022, subject to certain customary conditions, including receipt of regulatory approvals and the approval of BellRing’s stockholders.
Post expects that upon completion of the transaction, Robert V. Vitale would remain Executive Chairman of BellRing and Darcy H. Davenport would remain President and CEO of BellRing.
Post expects to provide further details regarding this transaction as progress is made in implementing its plan.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
I pray your wife's scan finds no grown tumors. I also hope she doesn't lose hope.
I had noticed that the whole food group was up, did you really go shopping?
Have a good weekend, take in a movie, or two.
Cheers!
Or a return of Occupy Wall Street (OWS)
It's there; also, there's very little difference between Kenny and Bernie, it's just Kenny is playing on a bigger stage.
SEC is silently watching this show, as it did the first show.
This is a long read, but it's interesting. Today, we have social media; while I'm old, I have a lot of faith in the Reddit Apes (Asian, too) so who knows what happens in the end. What we do know, the Government did next to nothing for Bernie's investors, and they were warned by Harry Markopolos for years and years.
https://en.wikipedia.org/wiki/Harry_Markopolos
ALDRAD, we don't know that, we only hope so. I personally believe that Citadel is just selling counterfeit shares and keeping the money, they are doing this for AMC and thousands of other companies.
Kenny has his own jet and will just fly the coop if he has to, Bernie Madoff needed his own plane.
Q: What is Citadel Connect?
A: Citadel Connect, our innovative Immediate-or-Cancel order (IOC) platform, is one of the fastest growing sources of off-exchange liquidity in the U.S. equities market, providing access to our principal liquidity for 8,000 exchange-listed securities.
IMO, no one knows what's going on in this "off-exchange"
I also believe there's billions of counterfeit shares in just AMC alone, he can go to any country and pay them to protect him (if he had to, he has a little shack in the Cayman's). SEC is screwing up big time, clearly they don't learn from their past mistakes.
I believe that Asian Apes are doing a little buying today, as I had said before, we need you to be at our party wearing a pretty green dress.
Hope you are well.
Slim
Long read,about past SEC sins, here's a small section
Having read the IG Report and its litany of missed opportunities, it is clear that no one can or should defend, excuse, or deflect responsibility for the SEC's handling of the Madoff matter. Stated simply, in this case we failed in our fundamental mission to protect investors, and we must continue vigorously to reform the way we operate. We have read letters from harmed investors that were filed with the court in connection with Madoff's sentencing. It is a sobering and humbling experience.
the whole story
https://www.sec.gov/news/testimony/2009/ts091009rk-jw.htm
Hi Natureboy, hope all is well with you.
Funny you should be bringing up Madoff, your right, same sad chit. Harry Markopolos told everyone that would listen that Bernie was a scam artist, only Harry didn't have social media, we Have Dippy, Dippy does have social media.
Citadel is bigger than Madoff. Much bigger.
But please note; it wasn't until after Madoff's sons turn their dad in that the SEC's chairman Christopher Cox did anything, same old same old with our buddy Gensler.
bio, they control the shares that they want to, that's what buying order flow is all about.
Citadel Connect, our innovative Immediate-or-Cancel order (IOC) platform, is one of the fastest growing sources of off-exchange liquidity in the U.S. equities market, providing access to our principal liquidity for 8,000 exchange-listed securities.
I feel you Frank, also hope your wife is well.
BB, it is onto this "off-exchange" that Citadel pays for the order flow, it's where they sell their counterfeit shares. Not just AMC counterfeit shares, but for all companies that they are shorting.
Companies that Citadel are not shorting are not routed to Citadel and their "off-exchange"
As I had said in our PM, I highly doubt that Citadel pays any margin on any shares that they are short, nor are they reported.
And the beat goes on........
AMC’s Losses Are Shrinking. The Stock Is Rising Again.
By Connor Smith
Updated Aug. 9, 2021 4:49 pm ET / Original Aug. 9, 2021 12:21 pm ET
AMC Entertainment Holdings cut its net loss to $344 million in the June quarter. Shares were rising in extended trading Monday after the movie theater firm’s results topped estimates.
AMC’s net loss at 71 cents a share was slimmer than the 94 cents a share analysts had anticipated, according to FactSet. It was down from a $1.42 per-share net loss in the first quarter, and a loss of $5.36 a share in the second quarter of 2020. The company also reported revenue of $444.7 million, ahead of expectations for $382 million, up from $148 million in the first quarter and $19 million amid the theater shutdowns in the second quarter of 2020.
Shares of AMC (ticker: AMC) were up 8% to $36.55 in after-hours trading. Prior to the report, options markets implied a post-earnings move of about 10% in either direction. The stock has averaged a move up or down of 8% following the past four quarterly earnings reports.
AMC CEO Adam Aron said the company raised $1.25 billion, before commissions and fees, in stock during the quarter. The company ended the quarter with $2 billion in cash and undrawn revolving lines of credit.
“We believe this gives AMC financial staying power to navigate boldly amidst coronavirus waters,” Aron said. “And by June 30, substantially all of our theatres were open again to entertain and delight our guests. Thanks to increased vaccination counts in the countries we serve, we started to see rising movie going demand, and we safely welcomed more than 22 million guests back to our theatres across the globe during the course of the second quarter.”
AMC stock is up 656% in the past 12 months and 1,494% year to date. That said, the stock has shed 53% from its peak levels in June. The company’s shares initially surged in January amid a broader rise in highly shorted stocks popular on social media, such as GameStop (GME).
AMC and GameStop are so-called meme stocks, meaning their daily moves can be erratic due to nonfundamental factors like short seller activity, social media sentiment, and options volume. AMC led a resurgence in meme stocks in May and early June, though the shares have fallen in recent weeks.
The company scheduled a conference call for 5 p.m. EDT. On the agenda are questions submitted by retail investors.
You’d need to make bold assumptions about the future of entertainment to justify owning the stock at recent levels. The mean analyst price target on FactSet is $5.25 a share, implying 84% downside. On the flip side, AMC hasn’t traded on fundamentals for some time. The earnings report could attract new short sellers, as well as renewed interest in meme stocks on social media.
Write to Connor Smith at connor.smith@barrons.com
Just think, if we lived in a land of laws, we'd have ourselves a short squeeze.
They most certainly have, great post!
Yea, Dippy is no Dip; that's for sure. Me, on the other hand?
With AMC I am ignoring fundamentals, perhaps they will cause the squeeze play, perhaps not.
What I'm really looking for is to right the wrong of the system, what I'm really looking at is how many righteous people that know what has been going on for so long, and continues to go on; yet no one does anything about it.
Some days this bothers me more than other days, it's just wrong.
I'd like to make a lot of money just like you and everyone else, what I'd much rather see happen is for, not only these Hedge Hogs to lose all their money, I want them and everyone that has been involved in creating counterfeit shares to go to prison, not a country club prison, one with Bubba, a very angry Bubba!
AMC Is Set to Report Earnings Today. The Stock Is Up.
···
By Connor Smith
Aug. 9, 2021 12:21 pm ET
Order Reprints
Print Article
Text size
An AMC theater in Chicago.
Scott Olson/Getty Images
AMC Entertainment Holdings stock was rising Monday as investors buckled in for the movie theater firm’s earnings report after the market closes.
Shares of AMC (ticker: AMC) were up 1.5% to $33.19 in early afternoon trading. That could change after the market closes, as options markets imply a post-earnings move of about 10% in either direction. The stock has averaged a move up or down of 8% in the past four quarterly earnings reports.
Analysts forecast the company to report a second-quarter net loss of $436.1 million, according to FactSet. The consensus adjusted net loss estimate is 94 cents. That’s down from a $1.42 per share net loss in the first quarter, and a loss of $5.36 a share in the second quarter of 2020. Analysts forecast sales hit $382.2 million, up from $148 million in the first quarter and $19 million amid shutdowns in the second quarter of 2020.
AMC stock is up 648% in the past 12 months and 1,477% year-to-date. That said, the stock has shed 54% from its peak levels in June. The company’s shares initially surged in January amid a broader rise in highly shorted stocks popular on social media like GameStop (GME).
AMC and GameStop are meme stocks, meaning their daily moves can be erratic due to non-fundamental factors like short seller activity, social media sentiment, and options volume. AMC led a resurgence in meme stocks in May and early June, though shares have fallen in recent weeks.
You’d need to make bold assumptions about the future of entertainment to justify owning the stock at recent levels. The mean analyst price target on FactSet is $5.25 a share, implying 84% downside. On the flip side, AMC hasn’t traded on fundamentals for some time. The earnings report could attract new short sellers, as well as renewed interest in meme stocks on social media.
Write to Connor Smith at connor.smith@barrons.com
Going? Or is it Gone?
I see ya, showed up right on time, too.
Not sure American Apes are as helpful as we once were.
Stay well,
Slim
Beware of FUD!!!
Maybe, maybe something else, too.
Seems to me that you've been around long enough to see yesterday trading, we were going up, then this pre market trading; volume plus upward movement, then the big dump at the open and foolish talk about buying at 25.
AMC wanted to run, I have no idea why Gensler isn't doing his job, nor do I know if he ever will, but Apes don't sell, nor do they put in market orders for five bucks less than the ask.
Apes bang the hell out of the Ask, that's what Apes do.
Apes slap the Ask, they don't put in orders below market price
mediocre, there's 20 million shares that have traded so far.
what's this 25 nonsense, we were warned that HF were looking to buy weak Apes
HODL what?
A million and a half shares traded pre market, Fact.
Market opens and three million shares are sold, Apes need to make a run on the SEC, maybe TV time will wake up America
What would our dear HF's do in Aron said he has folks talking with him?
Should Amazon Or Netflix Try To Acquire AMC In 2021?
https://www.yahoo.com › now › amazon-netflix-try-ac...
Feb 7, 2021 — Amazon should buy AMC Netflix should buy AMC Neither should buy AMC For ... One idea is Netflix could operate AMC, and a number of their new ...
They knocked the dog chit out of it at 14.25ish and continued to short the hell out if it down to your tenish.
There's a hell of a lot more shares shorted than what they are reporting. Time is on our side.
We are going higher, that's my call.
Bang the Ask if you have money, bang it hard, too!
Our Asian Apes hold a ton of shares, I wonder if they will be calling in Monday and asking Aron what's being done about the counterfeit shares.
It wouldn't surprise me if someone on this board knows a consortium that holds more shares then what was traded today, in the fullness of time, we'll all know what's going to happen about all these counterfeit shares.
Hodl
My lordy, you do have a way with words, that was a good one!
Are you adding more later today? We need you and your friend to help out us poor Americans Apes.
Greed is one of the deadly sins, perhaps the worst of all.
I hope you can make them hurt, they need to feel some pain!
Hodl, while you smile in your pretty green dress!
They would have to cover if we lived in a land of laws, a place were young men gave their lives to assure that others could live in a land of laws, I really don't know what happened since those days.
I really don't.
Is this late buying directed by the Lady in the Green Dress?
God Bless you if it is, and even if it isn't!
Furthermore, if you're going to put a value on a company, having some 5 or 6 billion counterfeit shares outstanding adds a chit load of value to any company, before you factor in any pop corn sales!!!
Not so sure about zero, every time Adam runs his mouth, the stock tanks.
I said it when Gensler was appointed, he's a rat from GS, he loves a mic and that's about it. He's into CYA, learned that from GS, too.
Now, he's going after Crypocurrencies, he certainly didn't do anything about naked shorting.
Gary Gensler, the chairman of the Securities and Exchange Commission, is speaking today, and Bitcoin investors will surely be listening.
https://www.barrons.com/articles/sec-gensler-speech-bitcoin-cryptocurrencies-51627992685?refsec=markets
Well it's good to see you back, clearly we need all the help we can get, and then some more.
IMO, the Olympics need your support, too. I feel bad for the money lost by the host nation, Olympians need the fans, to boot.
I don't see the hurry, but let me know after you buy.
Thanks
Campbell Soup (NYSE:CPB) stock drifted down 0.43% on Monday morning to hit a new 52-week low of $43.35.