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Always with the head fakes at the end of the day. Monday should be interesting
There we go
That 1.75 mark is brutal... I keep expecting this to break out but someone is intent on holding it here for now
Their games are terrific. It's a shame that the producer of such solid games could find themselves in this position. They don't need to bundle anything to get me to buy COH2. Beats the hell out if app games like stupid birds and farmvile
Love the action here today. I don't know if I want to know why... sometimes the mystery is more fun. But filling the gap to 2.50 looks very possible at this point
I hate that kind of posturing because everyone knows it's just bullshit and rhetoric but it still affects the market. This whole fiscal cliff debate should probably be behind closed doors anyway. They already got our credit rating downgraded already by making a political stink about the debt ceiling. You'd think they'd learn something..
Better safe than trusting the fools in Washington to say the right thing. I plan around Bernanke for that same reason. Every time he opens his mouth my stocks take a dump on me. At least you're quick on the draw
Lol nice. Ballsy move. Doesn't look like she wants to give back the gains yet. It rarely ends well when I take profit and buy back at the same price so I'm sitting on my thumbs until we find a new channel. Which it looks like we're about to..
Funny how dilution rumors can cause a run huh. I felt the same way. Glad to have a pile but a bit sorry I didn't grab a few more when we tapped a buck. I like THQs games and genuinely hope they can recover.. at least enough to make a few bucks for me and deliver my copy of COH2 ;)
No doubt. It was hard to resist taking some off the table even though I know this is going further. OCZ makes products I buy and like so I'm on this discount price like white on rice.
Yeah.. Just sucks when they beat me to the punch. I don't mind them so much when I'm waiting for an entry price ;)
Either way this morning was a NICE add though
These cartel raids are getting old. If anything could deter me away from precious metals its these crooks
Smells like short covering here. Buyout rumors are just what the doctor ordered
Looks like this is about to heat up quickly. That was quite a chunk someone just bit off.
Yes. And usually an indicator of reversal.. but MMs know this game well so not always
Or they'll close it where it opened to create a doji and doubt
Well I'm no psychic but I think WF has a lot more to lose by pushing them into bankruptcy when they should be capable of recovering from this. THQ has an award winning lineup of games and should do well during the holidays. I've personally already pre ordered a copy of Company of Heroes 2 because the first version was a very solid game. It's just a tough time for tech right now and the market is retreating on fear and doubt.
It's very likely that THQ will resolve their default issues with WF but a bounce to 1.39 would be a weak market response. This company may have issues but they deliver solid games and tis the season for game companies. I think a bounce to 2+ is coming soon here.
Was that a $5.9 million trade that just went through at $10? Seems to be something brewing again at this price
I disagree. This sentiment in this country about marijuana is at a tipping point. The majority of this country is well aware that pot has been demonized and politicized over the last century for the financial gain of select few. The lack of medicinal properties that was originally stated as the justification for its current scheduling has been completely obliterated with scientific data. At this point, taking a hardline stance against marijuana would be political suicide for any candidate's party. Making statements that pander to the bible belt during a campaign means nothing. Keep in mind Romney was originally campaigning as a moderate before he was nominated to be a conservative.
Agreed. I'm not sure why anyone would take investment advice from a self proclaimed short anyway. Especially the obnoxious self righteous ones. But hey, to each their own. I've got my stash and it looks like we've got some bid support here.
Anyone care to speculate on how a shareholder lawsuit to block the T-Mobile merger would play out with PCS?
And then it was quiet...
Looks like the crowd that was cheering this on got this jitters. Always good to take profit but probably a good idea to maintain a position here. This isn't done yet.
Clearly the market is skeptical about this deal if not downright cynical.
Yeah I feel for those that chased it yesterday considering the acquisition leak has been out for months and the post acquisition price is pretty much baked in already. There were lots of "confirmed" reports this morning and now news is coming out claiming it is an unconfirmed possibility. Supposedly DT's board takes a vote on it today.
I have a feeling it will close near support at 12.50 today but there's a lot of flip flopping on this news so it's hard to say with any degree of certainty. Either way I'm just a sideline observer now. GLTA
In true form... Buy the rumor, sell the news
I was a buyer of PCS but not sure I'm interested in a DT conglomerate and a reverse split. Can they make two different spectrums work where Sprint/Nextel failed?
PCS is just crushing it this year. These rumor moves have been parabolic and just when you think its done... here comes another. Smoke em if you got em!
I had a feeling something was up after they crushed the price here for 9 days straight. Way to go Sealy for nabbing it as cheap as they could get it.
What a ride. I'm loving these big swings. Just buying at chart supports and ignoring the gossip is proving to be quite effective on this one.
PCS is a beast. 100% in 2 months. Hitting resistance from the march run and looking overbought on the charts.
Capitulation? Or something bigger coming? I have a feeling we will retrace to test high 10s again but I didn't think it would get this far either.
Agreed. Besides, Pandora already has several challengers.. such as Spotify who are already embedded with Facebook and still unable to upend Pandora's momentum. I keep expecting apple to announce a big social media system to challenge FB too. *zzz
Of course I can only speak for myself but I'm a former apple geek and owner and can say with certainty that I'm not a fan anymore and it has nothing to do with stock trading. I just got tired of dealing with problems and incompatibilities.
Maybe.. But probably not. If itunes backed by the RIAA is the foundation for this new system then I have to disagree. I avoid itunes like the plague because it is garbage and continually crashes on updates. Not exactly a shining success
Apple will have as much success stealing Pandora's business model as they've had with their safari browser... 7% market share after a decade.
Only shed half on the bump. Figured I'd ride out some of those 11s just in case. I think the quarter will be decent considering the overall mess in the market (no thanks to Bernanke or Knight).. but I'm not sure its going to react positively even if the numbers reflect analyst estimates. Needs to crush them. There's so much uncertainty already and these market glitches sure aren't helping.
I have to agree with that sentiment. I feel like I'd have to be dazed to buy any more of the unsubstantiated hype.
I mean c'mon bob.. really? No names, no quantities, half the undisclosed monies collected.. quit jerking around with investors already.
I try to avoid cynical posts but i'm more content watching it play out until the first consolidation of new 52 week highs than trusting any more of these hollow sales PRs.
Apple's MacBook Pro.. now Microsoft's Surface PC..
NVDA is going to make these 13s look dirt cheap soon
I don't know.. I see your point but I don't think this can slide much further considering how far it has already fallen. There's considerably more value here than the street is giving credit for right now and we're bound to get a pop here soon even its only on a rumor. I tend to think of analysts as over zealous lagging indicators.
Seems like a pretty nice buying opportunity here.
The chart is screaming oversold and hovering at the 2009-10 lows. The market is in better shape than it was in 2009 but people are panicked over the eurozone. We're sitting right at the cash value price, trading at only 8.3 P/E, and companies like Deutsche Telekom have already expressed interest in acquisition targets like PCS.
Can anyone think of reasons why this won't bounce to at least retest the November lows at $7.50?
Diageo's Whiskey Acquisitions Make for a Top Shelf Investment
By Daniel Ferry - June 11, 2012
http://beta.fool.com/catominor/2012/06/11/diageos-whiskey-acquisitions-make-for-a-top-shelf-/5639/
In a time of economic uncertainty, one thing is guaranteed: people are going to drink. Lost your job? Drown your sorrows in a beer. Got a new one? Pop the champagne. Truly, any event whatsoever appears to be a legitimate reason to imbibe. And no company is better positioned to profit from the place alcohol holds in our hearts (and livers) than Diageo (NYSE: DEO), a global company with strong brands in every major adult beverage market.
Diageo has been in the news recently for investing over $1.5 billion in Scotch whisky production, and for the acquisition of family-run distiller Cabin Fever Maple, continuing their expansion into craft whiskey.* I view this as a sign of management's focus on extremely long-term success -- since their Scotch can take decades to mature -- as well as their shrewd understanding of the trends in the marketplace.
Even as the sales of Diageo's flagship brands remain strong, consumers in the critical North American market and elsewhere are increasingly gravitating toward craft distilleries, echoing a similar movement in favor of craft beers. Diageo's Catalyst Division has been created to exploit this trend, focusing on acquiring small regional distillers, building brand equity, and plugging their product into Diageo's powerful marketing and distribution network. This is the key to Diageo's success: much like Coca-Cola (NYSE: KO), Diageo has built up a network of consolidated importers, distributors, and a veritable legion of salespeople and marketers that give it an impressive reach and cost advantage. This allows Diageo to add significant value to new acquisitions, and I believe this approach is the driver behind the company's future growth.
Diageo enjoys considerable scale over its rivals, to the extent that some of its smaller competitors, particularly Beam Inc. (NYSE: BEAM) with its attractive portfolio of bourbons, are more credible as takeover candidates for Diageo than true peers:
Despite these large corporate presences, however, the spirit market remains highly fragmented. The top ten producers collectively have a global market share under 15%, with even lower shares in emerging markets. There are two avenues to capture greater share, and Diageo is well-positioned to pursue both. One is the strategy of leveraging existing premium brands and promoting them as aspirational beverages for newly wealthy consumers. Diageo's portfolio of top shelf brands is unparalleled, particularly in the high-visibility Scotch whisky and ultra-premium vodka markets. The second approach is to acquire small producers with excellent regional reputations, and build out these brands. Diageo has a strong record of making prudent acquisitions that prove accretive to earnings in short order.
Diageo's 2008 acquisition of Dutch vodka distillery Ketel One is an excellent example of the firm's ability to leverage its distribution as well as its discipline in expanding their brand portfolio. At the time, the Swedish government was divesting itself of its national booze distributor, which owned the popular Absolut ultra-premium vodka. Diageo expressed interest, but found itself in a bidding war with Pernod Ricard and Bacardi. Rather than swallow a price tag over $8 billion, Diageo abandoned Absolut and opted to become the exclusive distributor of Ketel One for just $900 million. Ketel One has consistently outperformed Diageo's expectations, as the company's legendary distribution system continues to build Ketel One into one of the world's most valuable ultra-premium vodkas. Meanwhile, the smaller debt load required to buy Ketel One has allowed Diageo to expand aggressively into Asia, South America, and Africa. Pernod Ricard ultimately acquired Absolut, but the debt it took on has crippled its ability to compete with Diageo in emerging markets.
Diageo is expensive today, trading for nearly 24 times earnings. Even at this valuation, however, I expect it to outperform its peers as it pursues its two-pronged strategy of acquisitions and brand expansion. Diageo is on track to meet its goal of generating half of its revenue from emerging markets by 2015. If Diageo can continue to execute well, it will create an insurmountable brand presence in the wide open markets of the new global middle class. While this might take awhile, just as in whiskey production, good things take time. And for Diageo, just as for good whiskey, I'm willing to pay a premium for quality.
DEO Strategic Brands
Crown Royal
No.1 Canadian whisky in the world**.
5.1 million 9 litre cases*
Top markets: US, Canada, Global Travel & Middle East
For more information visit www.crownroyal.com
Johnnie Walker
No.1 scotch whisky in the world**.
17.8 million 9 litre cases*
Top markets: Global Travel & Middle East, US, Brazil, Thailand, Mexico
For more information visit www.johnniewalker.com
J&B
No.4 in the global scotch whisky category**
4.6 million 9 litre cases*
Top markets: Spain, France, South Africa, US, Portugal
For more information visit www.jbscotch.com
Windsor Premier Scotch whisky
1 million 9 litre cases*
Top markets: Korea and China
Buchanan's Scotch whisky
1.5 million 9 litre cases*
Top markets: Venezuela, Mexico, Caribbean, US, Colombia, Global Travel & Middle East
Bushmills Irish whiskey
0.6 million 9 litre cases*
Top markets: US, Ireland, GB, Global Travel & Middle East,France
For more information visit www.bushmills.com
Smirnoff
No.1 premium spirit brand in the world**
24.5 million 9 litre cases*
Top markets: US, GB, Canada, Brazil, South Africa
For more information visit www.smirnoff.com
Ketel One vodka
Super premium vodka
2.1 million 9 litre cases*
Top markets: US, Canada
For more information visit www.ketelone.com
Cîroc Ultra premium vodka
1.3 million 9 litre cases*
Top markets: US, Brazil, Global Travel & Middle East
For more information visit www.ciroc.com
Baileys
No.1 in the global liqueur category**
6.8 million 9 litre cases*
Top markets: US, GB, Germany, Global Travel & Middle East, Canada
For more information visit www.baileys.com
Captain Morgan
No.2 brand in the rum category in the world**
9.1 million 9 litre cases*
Top markets: US, Canada, GB, Germany, South Africa
For more information visit www.captainmorgan.com
Jose Cuervo
No.1 in the global tequila category**
4.6 million 9 litre cases*
Top markets: US, Canada, Greece, Spain, Australia
For more information visit www.josecuervo.com
Tanqueray
No.1 in the US imported gin segment**
2 million 9 litre cases*
Top markets: US, Spain, Canada, Global Travel & Middle East,Greece
For more information visit www.tanqueray.com
Guinness
No.1 in the global stout segment***
11 million 9 litre case equivalent units*
Top markets: Ireland, Nigeria, GB, US, Cameroon
For more information visit www.guinness.com