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It's a $15 billion market and they have 60% market share. Not a watch.
It just speaks to credibility.
...Like most of America.
*whether
Ha!
expect 5% increase over last years memorial day traffic, should give a lift of this through tomorrow.
http://www.washingtontimes.com/news/2015/may/20/aaa-except-more-cars-longer-drives-over-memorial-d/
Holy moly
Good to see expenses are being managed well in the way of low oil prices.
Directors aren't employees. They've also got only 1 revenue stream, which will drop off.
Another good day of solid buying.
Good things happening here.
Vix is the entire market, vxx is s&p - different but same.
I don't know what that means
Well, the good news here is that the population of Europe is far greater than the US, and they are the second largest is global spending for drugs.
That 37,000 ask just got destroyed at 0.82
When someone starts buying at $4.01.
Which means, after feb 9, your holdings will be diluted as well.
They are now beneficial owners in the eyes of the SEC.
The authors background via that site..."Troy Kuhn is a former equity trader and basketball player with a keen eye for exciting investment opportunities. He loves volatile stocks, history, classical music, trekking and adventure sports, and likes to tell everyone that he has been trading stocks since he was 15."
....just oozes confidence. These days everyone has a blog. This is like getting the weather from your neighbor, instead of the facts from NWS.
Right, it just takes that portion of the deal off the table.
Right, it's not like they have a giant sign in their storefront window say "Going out of business sale" "Everything must go"... This is a flip for Leucadia... And I havent looked to see what their tax rate is or shelter, but I'm sure they'll want to maximize they're return.
Further, has anyone given any thought into, what if Jefferies buys FXCM. Ultimately, wouldn't this be a huge discount for them? Like 70%?
Probably 42,000 shareholders now too. I really doubt 1 person owns more than 10% currently. That's over 4 million shares... A 9plus million dollar investment into what some are calling "a sinking ship", doubtful.
That's assuming there is a sale before FXCM pays back that 300 million loan.
Also, when was the last time a company was sold at or below its marketcap?
At the end of 2 years, yeah.
Plus citi is a direct competitor to FXCM. Of course their going to paint FXCM in the dullest of light. Tank their stock price and ruin their name. All in an effort to gain market share. Pretty unethical. Citi's analysis was based on a sales price of the marketcap the day before the franc jumped, 1.2 billion. They also made there analysis as if FXCM was not going to be able to pay back the loan. Well with net income at 60 million per quarter it's going to take some time and restructuring. I'm betting there will be a weekly updates starting tomorrow after the market closes. Finally, in I-banking, a company buys and sells a revenue stream on top of assets. Current value is 3-5Billion. When this loan gets paid back and the company is sold, at the greatest market value, the value/cash to the company is going to be between $15 and $20 per share.
I'm not sure schwab has the 3-5 billion in cash to cover the purchase.
DCF analysis of the revenues with annual growth of 6-8% per year at a multiple of 3.5 : between $3-5 billion
http://www.fxstreet.com/brokers/forex-brokers/
Gee, I wonder why Citibank was so quick to cover FXCM. Direct competitors. If you can't beat them drive their stock price down. Kind of unethical if you ask me.
That's called being ethical, mr burns.
Sha-wing!
Which then avoids the April 16 deadline to be below 250million.
As grammar goes, as does integrity.
3 day rule selling
2.3 billion in assets, 5-8% growth in annual revenues - fy2013 revs = 490million.... If you were to buy that revenue stream, what would you pay? 3,5,7 times revenues plus the assets to generate? Roughly 3-6 billion. And that's without DCF or dividend analysis.
FXCM is operating as normal. I'm guessing they will take 9 months tops to pay back the loan based on just revenues.
I'm pricing roughly 16.5/share on a purchase of FXCM at $4 Billion, prior to April 16.
Those are ambulance chasers with no case.
I'd love for someone to drop about $500,000 in as market order buy...
Or those that had made a best against the Swiss franc last week.
"FXCM would like to reiterate that trading on FXCM's systems continues in the normal course of business," said Drew Niv, CEO of FXCM. "It is important to stress that FXCM is not insolvent, has not filed for any form of bankruptcy, and is in compliance with all regulatory capital requirements in the jurisdictions in which it operates," he added.
8 bucks by June out of line here?
Check the balance sheet and revs from the last quarterly. They should have this financing paid back in the next 9 months. There is a lot of value here yet.