Coty withdraws its $10.7B takeover bid for Avon (AVP), saying the cosmetics direct seller has missed its deadline to start talks. Coty Chairman Bart Brecht: "I find it remarkable that since we made our revised proposal ... no one from Avon's Board or management has been willing to speak with us." (PR) [View news story]
I thought so too. I know Avon wasn't interested, but they are now. Then Coty withdraws the bid. No wonder Avon was taking so long - these guys are jerks.
Amazon (AMZN) is upgraded to Outperform at Credit Suisse, which also raises its price target to $270 from $190. CS takes note of the recent buyback announcement, saying the stock has historically outperformed the S&P by 132% in the 12 months following such moves. Shares +1.4% premarket. [View news story]
A real analyst is making a recommendation on the stock based soley on the past performance of the stock following a buyback announcement? Is there any causality involved at all?
Why Amazon's Valuation Hasn't Mattered And Why That's About To Change [View article]
Interesting angle on the cash flow problem, bumping into price raises for their subscribers. Similar situation at NFLX mangled the stock for a few months. Curious that there is very little backlash being expressed by these users.
Buying The Dip In Coal With Select Bonds [View article]
Noticed several large trades in JRCC convertibles due 12/12015 paying 4.5%. If you think the company will survive for a couple of years then it might be a good speculation.
You neglected to mention the recent action to sell a significant share of the company. This was an unexpected event and lead analysts to conclude the MCP's cash flow was not as rosy as proclaimed. This issue still has not been answered satisfactorily by anyone. Hence the subsequent recent drop in price. It does not seem to be a short term phenomenon.
Investors Are Misunderstanding Yahoo [View article]
I expect more of the same behavior out of Yahoo. While it would appear to be a good thing for Yahoo to make some kind of deal here the company has consistently not acted 'rationally' in the past. Hence the stock going down as people realize the unliklihood of Yahoo doing the expected. There appears to be an almost infantile behavior by management to not play well with others.
Using Option Premiums To Gauge Risk [View article]
Be interested to hear your take on the effect of recent volatility in these share prices affecting option pricing. For example, DMND has jumped around quite a lot. I would expect the option pricing to be higher than 'normal' given that volatility. Over time the volatility will settle out. That would imply lower premiums for the affected options.
Or are you saying that higher premiums for options has nothing to do with volatility and it's all investor sentiment?
Diamond Foods: Chopped Nuts On The Cheap [View article]
I agree - it does seem like people are making a lot of noise about the walnut payments. Every few weeks some great analyst reminds people that the walnut payments are at issue and the stock dives again.
Wonder if it will make much difference either way to the stock once the report finally comes out.
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The growth appears to be there. It would be nice if the bulls stopped slinging bs about cloud and just talked about what they really do.
Coty withdraws its $10.7B takeover bid for Avon (AVP), saying the cosmetics direct seller has missed its deadline to start talks. Coty Chairman Bart Brecht: "I find it remarkable that since we made our revised proposal ... no one from Avon's Board or management has been willing to speak with us." (PR) [View news story]
Amazon (AMZN) is upgraded to Outperform at Credit Suisse, which also raises its price target to $270 from $190. CS takes note of the recent buyback announcement, saying the stock has historically outperformed the S&P by 132% in the 12 months following such moves. Shares +1.4% premarket. [View news story]
Why Amazon's Valuation Hasn't Mattered And Why That's About To Change [View article]
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Buying The Dip In Coal With Select Bonds [View article]
Rare Earth Provider Molycorp Offers Discounted Entry Into Sector [View article]
Investors Are Misunderstanding Yahoo [View article]
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Using Option Premiums To Gauge Risk [View article]
Or are you saying that higher premiums for options has nothing to do with volatility and it's all investor sentiment?
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Diamond Foods: Chopped Nuts On The Cheap [View article]
Wonder if it will make much difference either way to the stock once the report finally comes out.