Has a history of split around earnings...Trading at/near all-time highs...I think we have a good play here from stlogic. Looks like it has a pre-announcement run, slit announcement run and sometimes a post split continuation after the split...At this price and split history one can assume we will see a 3:2 split. All previous splits have been 3:2...
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I would play it as a pre-announcement and pre-split play selling the options/stock the day before the split. Possibly buying them on any dip after the split.
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Earnings release/Call: Feb 16th.
Earnings announcement: Before the open on Feb 16th.
Looks like estimates are for a EPS ave of a -.05 loss.
Earnings expected to grow next year.
Past Splits: Splits:30-Sep-97 [3:2], 27-Jul-98 [3:2], 20-Jun-00 [3:2], 10-Sep-01 [3:2], 15-Sep-03 [3:2], 13-Sep-04 [3:2]
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Price 1-9-06
Price: 38.79
52-week: 30.06 - 40.79
Target: $45
Playing Options and/or Stock.
Low Open Int. in the options = wider spreads.
Feb options expire in 9 days so I would stay away from them.
Float: 50.13M
% Held by Insiders: 3.82%
% Held by Institutions: 81.20%
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Opinions on this play all welcome good or bad and thanks to stlogic for the heads up
