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Some great options opportunities out to 2017 if you think tronox has some upside potential. 5.00 strike covered calls can be bought at around 2.75
80% upside potential if called on a 40% move
20% downside protection
Other strikes offering good value as well if you are bullish on tronox.
Good hunting
Haven't owned trox in a long time. I may do some research to figure out if there is any life left
Wow.... Did not see this coming.
I sold out everything around 27 I think.
Now that we are in the 15s....i will reevaluate whether I will buy back in or if I think it heads lower.
Fxcm must have thought this purchase was a better choice than paying LUC earlier.
Clearly the valuations didn't account for a doubling of daily trades
It will be interesting to see how LUC values fxcm going forward
In Oct I said I believed the stock would go to "15-ish"
The stock is down 42 from its 52-week high of 31.05.
I came within 3 bucks of 15-ish.
I still believe that Trox will see 15 before it sees 25 again.
All in my opinion
About 6 months ago I said 15....still think we get to 15 imo
I own shares.. But this is dead money until the loan is paid off or at least a large portion. This will be a move-on-news play for the next 12-18 months imo
my understanding and someone correct me if wrong, is that the core FXCM business was not transferred to NEWCO. Only the non-core assets they are currently selling off. In the end, NEWCO should be empty and all of those proceeds would have gone to LUK to pay off the loan. In the end, most if not all the core-FXCM assets are untouched. Which is why all the arguments about shareholder value being wiped out are false.
Can you post a link?
Thanks KingDMC. I think you are correct. This appears to be following the GoPro lockup expiration game plan. GoPro surged on lockup expiration then 1 month later down 25%. I think there could be some short term pain for CYBR.
So I read that lockup of approx. 23 million shares occurs on 25 March? Can someone smart comment on this?
Herbalife Ltd (NYSE: HLF) was higher in early trading as the company announced that CEO Michael Johnson will exercise 1.77 million stock options that were set to expire in March and April 2015. The CEO will hold all the stock, minus amounts that will be used to cover taxes.
Shares traded recently at $32.78, up 3.1 percent.
Herbalife is down sharply from January 2014, losing nearly 60 percent of its value. The stock is the battleground for a hedge fund war between Bill Ackman and Carl Icahn. Ackman is notoriously short the stock, believing that it is a Ponzi scheme that will ultimately go bankrupt. He has been pressuring regulators and legislators to shut the company down.
Icahn holds a different view, owning roughly 19 percent of the company.
I don't have much personal knowledge of this company. However, hk is strongly hedged for 2015 and 2016. They should ride out the glut in oil with ease and profitability. I think 3.5 is a reasonable price target.
Boutique investment bank specializing in energy.
Halcon Resources reiterated with a Buy at MLV as concerns overdone
Yesterday 06:19 PM ET • HK
Halcon Resources (NYSE:HK) is reiterated with a Buy rating and a $3 price target, raised from $2.50, at MLV, which cites surprises in its Q4 results including a strong reserve report and reaffirmation of its borrowing base.
Investors had been focusing on HK's balance sheet and liquidity, so the recent reaffirmation of its borrowing base at $1.05B is a significant event, MLV says after it had expected a nearly 15% reduction to ~$900M.
The firm says HK’s liquidity position is protected by one of the strongest hedge books in the sector, including 90% of 2015 estimated oil volumes hedged at a weighted average floor price of ~$87/bbl which should translate into realized gains of $350M-plus this year, or about one-third of revenue.
if they raised anything other than some token amount...they would be risking a great deal.
market is looking toppy, coming into an election year, GDP is still fluctuating wildly...
they may....but it would seem they would have on the trip from 10k on the DOW to 18k...not start at 18k
JUST my opinion
Some weird price action going on.
No abnormal options vol...up 13% in 1 trading day plus 1 hour. Heavy vol.
Someone big is buying in or AG is getting bought out and someone naughty knows about it.
Could be short covering.
Jan 31 short interest was 6,542,768...at least a two year high. Feb 15 numbers won't be out for a few days.
Short interest was at 6,542,768 shares end of Jan. This was the highest in at least a year and maybe several as far as I can tell. Short interest over the past year seemed pretty steady at about 1.7-1.9 million shares. Between OCT and JAN short interest increased 250%.
if they do raise rates it will be so incrementally small as to not really matter.
Next GDP number will be bad...between extreme cold and snow in NE and west coast port issues.
The FEd has been talking rate increases for a while. The rest of the world is still easing...
I see no correlation.
rates have not moved
oil is an expense but hard to say how much decreasing fuel costs translate to increased profit.
Wonder how the strong dollar is effecting FM. All their mines are in Mexico. the PESO has weakened against the CAD and USD.
Does anyone know whether FM sells in USD or CAD? I know they report in CAD
About one-quarter of RadioShack will go dark by the end of next week--whether or not inventory and leases are sold by then. Keeping the doors open any longer would cost $5-6M/month, and that's something RadioShack can't afford. Unsold inventory will move to the stores which remain and might survive RadioShack's bankruptcy. There's only been interest in 15 leases of the retailer's 162 weakest outlets so far, but the company is still inviting bids on those and the other 986 stores slated for closure in days.
I don't think shorts would bat an eye at 10 cents... Thats a 5% divi.... I suspect shorts are holding for much more downside than 10 cents
I don't think it will take a year or even to for the Commons to begin to approach their real value of zero. I am most certainly short and have never owned a share of rsh long.
I am shocked it's holding up so well and even going up.
I've been very consistent... Think Commons get Nada. I am short rsh. It will go to zero. I am surprised it's gone up. I put my money where my mouth is
Finally...someone who speaks the truth!
Bingo....
there is fear and then there is irrational action in spite of the facts.
The facts are pointing to ZERO recovery for common holders. Any purchases now are more than speculation and fly in the face of fact.
Best of luck
What value will RadioShack’s common stock have in the future? Is it now worthless?
The Company believes there will be no recovery for any equity holder in the Chapter 11 proceedings. Please contact your professional investment advisor for further information and guidance.
Still 1B in liabilities missing
about 500m to the top 50 creditors
http://www.scribd.com/doc/254856049/Radio-Shack-Ch-11
further proof that RSH owns little to no real estate
8:19 EST - RadioShack's creditors gather today at a hotel in Wilmington, Del., to vie for seats on the official committee of unsecured creditors, a body which will have much to say about the ultimate fate of the bankrupt electronics retailer. The panel will speak for trade creditors owed $124M, bondholders owed $330M and landlords of its 4K stores. Unsecured creditors will weigh in on RadioShack's bankruptcy financing and plans for an auction to be led by big backer Standard General, which has made an offer for some of the chain. More than 1,700 stores are already in the process of being liquidated. (peg.brickley@wsj.com)
Assets are rapidly depreciating Private label electronics that one wanted to begin with.... I think we will find that assets are less than anticipated
I don't believe there will be anything left for shareholders. I am willing and plan on exercising my options if need be
Sorry.... All puts
"They dont want to get caught holding this over the weekend"
works on both sides
I am spread from Feb thru June all at 50 cents.
What prime real estate...you mean the real estate RSH leases? They don't really own much real estate of value...this is not a Sears Kmart play