Seeking Alpha
  • neobliviscar
    $CLF Usually like bleeders, being able to sense a value level. Fan read through their filing & having a hard time with this one. Opinions?
    2/13/13
    Reply (13)
    • neobliviscar: A sector I don't know very well. This one seems worth more dead than alive, & Gordo Gekko carved it up in the 1980s. Counter arguments?
      2/13/13
    • Hillbilly Stock Star: Sluggish demand & poor pricing?
      2/13/13
    • neobliviscar: They say their issuing shares to pay down debt. But looks more like slashing dividend & flailing to raise cash vs cash crunch. Its the sort
      2/13/13
    • neobliviscar: of behavior that usually is a warning sign of an airline on the ropes, like American Airlines hijinks a few years ago.
      2/13/13
    • wheelz23: there's a reason that stock has dropped so much in the past year...i'd hold off on a long term position if i were you
      2/13/13
    • Ocean Man: I'm not buying here.
      2/13/13
    • neobliviscar: I can't find much reason either, but haven't had time to read through their filing. A speed read though is I'd love to break this one up &
      2/13/13
    • neobliviscar: sell it off (if I were remotely of that size). Dirty math has the corpse worth about $22-$23 plus what more I could shake out of the pockets
      2/13/13
    • neobliviscar: +20% if the economy turns true bull or -20% if it stumbles in 6 months. Yet feels like they want to crash this one. Too dicey for me.
      2/13/13
    • wheelz23: the way i look at a possible trade- if there's any uncertainty, don't do it..there are many other opportunities
      2/13/13
    • Ocean Man: Dr Pepper is a much safer way to play a big drop today. $DPS
      2/13/13
    • neobliviscar: @Wheelz. I'll wait til tomorrow & see what yield % I can get on the $25MarPuts. Prob. a no-go. @OM I hadn't seen the $DPS. Havn't worked out
      2/13/13
    • neobliviscar: a buy in value & Mar$40 aren't worth selling to open. Got to calc on the $45 or hope for further drop. However, now watchin $PEP $70MarPuts
      2/13/13