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powerduck

powerduck
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  • The Truth About Micron: Brace For Impact [View article]
    (from StreetInsider.com)
    Short Sellers in Micron (MU) Move on after Brutal Year

    The mild pullback in Micron Technology (NASDAQ: MU) shares has seen short sellers in the stock cut and run. According to the latest data noted by Bloomberg, short interest in Micron over the last month is down 40% to 4.4% of the shares outstanding. Despite the recent pullback, shares of Micron are up 8.2% in December and 244% year-to-date, illustrating the pain being on the short side of the trade.
    Dec 26 09:44 AM | 1 Like Like |Link to Comment
  • Micron Misconceptions [View article]
    Clear, concise and logical... Wish I had read it a few hours earlier.
    Oct 14 01:19 PM | 4 Likes Like |Link to Comment
  • Diamonds Foods - Nuts Business Drives Investors Nuts [View article]
    >>it currently pays effective interest rates of over 10% making debt extremely expensive.

    Can Diamond refinance the debt ? It seems that a lower rate would save the company a lot of money.
    Oct 2 03:31 PM | Likes Like |Link to Comment
  • Micron Technology - Riding The 48% Growth SSD Wave [View article]
    Thank you, seeker_2... you are fast.
    Sep 24 07:42 PM | Likes Like |Link to Comment
  • Smithfields Foods deal could show fair trade with China is back on [View news story]
    The buy-out price is 34. But the current bid/ask are all above 34... Another bidder on the way ?
    Sep 9 03:23 PM | Likes Like |Link to Comment
  • Micron: Why It Is Truly Different This Time [View article]
    MU must read SA too :)

    Look at the followng Q & A:
    "
    Glen Yeung - Citi
    Here is one also sort of a generic question is that, year ago would have been farce to ask Micron, I’ll ask it now anyway. What is your intended use of the cash between buyback, M&A, dividend or something else?

    Kipp Bedard - Vice President, Investor Relations
    You bet. I think Mark Durcan, our President said it loud and clear in August Analyst Day. Number one, he wants to get the debt-to-capital back down post Elpida that will be up into the high 30s, where Mark comfortable with that running 20% to 25%. He’ll probably more likely do that through repurchasing the converts that are out there then I think there will be some additional buying of the coverts to not so much to impact so we did debt-to-cap but to reduce the number of shares outstanding.

    So he and the Board definitely have a Phase 1 get the debt back down to where we are comfortable and Phase 2 is continue to take shares out of the market and then Phase 3 is find the way to get capital back to the shareholders.
    "

    Then look at RJackson's comments in another MU thread a few weeks ago:
    "
    I fear there is zero chance of a dividend until:

    1. They buy back or buy capped calls on the convertibles. These babies are seriously dilutive. Excess funds should go drag these out asap.

    2. Take out some of their debt to get their rating up, and then roll-over and extend some of the balance.

    3. Start a buy-back program to offset the dilution of their stock option programs.

    4. Figure out what they will need to keep up with Mr. Sams and Mr. SK (which now has a deep pocket daddy), and fund the capex.

    If the above doesn't suck up all of their free cash, well then maybe a dividend. Problem with dividends is not a great idea for highly cyclical companies, which some day, memory may once again become.
    "
    Sep 3 10:57 PM | 1 Like Like |Link to Comment
  • China to probe IBM, Oracle and EMC over security [View news story]
    fox? hen? who?
    Aug 16 09:02 AM | Likes Like |Link to Comment
  • Smithfield Foods - Shuanghui International: Where's The Beef? [View article]
    wow... this deal might not get approved by CSRC now after all the fishy details appear on Chinese baidu/renren sites.
    Jun 3 10:04 AM | Likes Like |Link to Comment
  • Smithfield Foods: Shareholders Receive A Fair Premium With A Politically-Sensitive Deal [View article]
    Is it possible another bidder will appear ? I know 34 is not bad - actually almost historical high. But in March, when there were talks about splits, another SA contributor, Jim Fish?, wrote an article and tried to put a number (high 40) on sum of the parts.
    May 30 11:35 PM | Likes Like |Link to Comment
  • Smithfield Foods (SFD) confirms it sold itself to Shuanghui International for $34 per share in a deal valued at $7.1B. The transaction is slated to close in the second half of 2013 after regulators weigh in. SFD +25.9% premarket to $32.70. [View news story]
    what would happen if regulators give this the thumbs down?
    May 29 12:30 PM | Likes Like |Link to Comment
  • Micron Announces Issuance by Tokyo High Court of Order Dismissing Creditor Appeals [View article]
    wow... great news...ahead of schedule.
    May 16 12:41 AM | Likes Like |Link to Comment
  • Intel: Haswell Rumors Debunked [View article]
    Intel Admits USB Problem With Haswell Processors, Confirms Fix

    http://bit.ly/Zwr4tW
    Apr 8 03:31 PM | Likes Like |Link to Comment
  • Nvidia: A Chrome Opportunity [View article]
    Hmmm... is this the opposite of the other rumor of 2 days ago...
    'Google is already using Tegra 3 in its Nexus 7 and there's every indication that it will use the Tegra 4 in its second-generation Nexus 7 to be unveiled at Google I/O 2013 this May.'
    Feb 9 11:54 PM | Likes Like |Link to Comment
  • Amarin Announces Completion of Dosing in a Fixed-Dose Combination Study With Vascepa(R) and a Leading Statin [View article]
    It is tough to catch a bottom, but easy to miss a run-up...
    Dec 17 09:27 AM | 1 Like Like |Link to Comment
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