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jpomerance

jpomerance
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  • Consider Buying Rocket Fuel [View article]
    This is definitely a show me story. It really boggles my mind how the analysts, esp. Goldman, had the stock on its "conviction buy" list only to pile on the bad news after the quarter. Considering GOOG trades at 5x sales this would seem a bargain a 2x sales. Go figure? Why stocks like P&G with 2% growth are now loved since they are not going to blow up speaks to the analyst community and hedgies not know what to expect in the coming months.
    May 10 05:51 PM | 2 Likes Like |Link to Comment
  • Qunar soars after highlighting air bookings, mobile gains; Ctrip slumps [View news story]
    just look at the option activity. Most people, in the option world, are far more bullish than bearish.
    Jan 4 05:51 PM | Likes Like |Link to Comment
  • InvenSense's guidance disappoints, shares -13% AH [View news story]
    Rather than boasting about orders which are 90% certain, the CEO took the unusual tack of stating what was certain and did not count his chickens before they were hatched. Nothing wrong with that. If only 50% of those potential orders come through, they will easily make .20/share next quarter. While the stock got pounded in AH and will likely do so in the morning, it will be a steal at anything below $17/share.
    Oct 29 08:45 PM | Likes Like |Link to Comment
  • Time Warner Cable (TWC +2.7%) works out an agreement with Universal Sports Network to expand the sports programming available for TWC Sports Pass subscribers. Some of the well-known events carried by the network include the Kona Ironman, Boston Marathon, and World Figure Skating Championships. [View news story]
    Thank goodness, I was hoping someone would get the figure skating deal!!! I would not think this would be a game changer but the Street thinks otherwise.
    Jul 9 02:43 PM | Likes Like |Link to Comment
  • The smart money begins to make a distinction between the mREITs and servicers or specialty mortgage investors like Ocwen (OCN +1.5%), New Residential (NRZ +3.7%), and Newcastle (NCT +1.4%). All opened to the downside but have turned higher since. To the extent they own servicing or credit-sensitive assets, one could make the argument they all benefit from higher rates. Others to keep an eye on: NSM, SFI, PMT, NRF.
      [View news story]
    Considering the very low volume day and that over 70% of the trading volume was in the first 2 hours, I think the day can't really be construed as market sentiment. Trading desks were manned by thin crews and it did not take much to bid up a stock especially ones with lower market caps. OCN makes its money by taking distressed mortgages and services them finding ways for the people who own them to make payments. They were able to refi a number of the distressed mortgages at much lower rates. With increasing rates and refi's dwindling due to higher rates this would make their core business more challenging. Considering all the additional mortgages they got from ALLY and others, I wonder if the "Smart Money" did not get out of dodge early. It should be an interesting week.
    Jul 7 01:37 PM | 1 Like Like |Link to Comment
  • Time Warner Cable (TWC) has reportedly contacted Cablevision (CVC) and Cox Cable about buying them as TWC looks to grow through acquisitions rather than be bought by John Malone's Liberty Media (LMCA), which owns 27% of Charter Communications (CHTR). While talks with Cox and Cablevision haven't led too far, the latter's founder and Chairman, 86-year Chuck Dolan, could be ready to sell. As for Liberty, TWC believes a tie-up for Charter would add too much debt and it is skeptical about prospective synergies. [View news story]
    Considering the ~20% run up on the "buy the rumor" news and this being the second time TWC management has told Malone they are not interested and he telling sources he is not interested in a hostile takeover, the recent run up does not appear justified. Considering the debt on TWC balance sheet and that any further buyout by Liberty would need to involve even more leverage on TWC this does not seem feasible. With subscriber loss, competition from Google fiber, increased content costs and rising interest rates I would think volatility would be the word in this stock.
    Jun 30 12:53 PM | 1 Like Like |Link to Comment
  • What began as an ~8.5% decline early on is turning into a rout as shares of EnerNOC (ENOC -18.1%) continue to slide throughout the afternoon. Earlier, Credit Suisse downgraded the stock to Neutral from Outperform. [View news story]
    20% - really? based on one downgrade. Perhaps the word overdone should be considered here
    May 28 02:02 PM | Likes Like |Link to Comment
  • At $28K a vial, Questcor's (QCOR) Acthar has propelled shares to huge gains. QCOR bought the drug for $100K in 2001, planning to produce it only to treat infantile spasms. But thanks to aggressive marketing, it's now being prescribed for MS, arthritis, and kidney disease. Aetna's (AET) decision to limit off-label treatments has hit shares, but it's not clear any viable alternatives are on the horizon. (NYT[View news story]
    The whole story is fascinating. Considering all the hype and news, none of which is new, the shares just seem to be a punching bag despite a very low P/E and now a dividend which is equal to BMY and other mega cap drug stocks. Along with significant insider ownership and a large buyback in place I would think a short squeeze is coming. I have no stock but am certainly thinking about it
    Dec 30 12:27 PM | 4 Likes Like |Link to Comment
  • Questcor (QCOR -6%) gets hit today after Blue Cross/Blue Shield of Michigan denies coverage of it's Acthar Gel for steroid-responsive conditions, saying the clinical need has not been demonstrated. Coverage will continue to be provided however, for treatment of infantile spasms, which is one of its FDA approved indications. [View news story]
    Is this really responsible reporting? While I do not own any of QCOR stock, if there is not a change in the company policy why would this be any news?
    Dec 27 01:59 PM | 1 Like Like |Link to Comment
  • First Solar (FSLR +8%) jumps after signing an MOU with Indeonesia's PJB Services to develop 100MW worth of solar plants. First Solar, whose stabilizing financial position has much to do with its newfound emphasis on utility-scale solar projects relative to regular module sales, says the MOU is its first in Indonesia. (PR) (other recent deals: I, II, III[View news story]
    Whoa! this is an "understanding" not a contract. I wonder what would happen if moeny actually changed hands?
    Oct 16 04:06 PM | Likes Like |Link to Comment
  • Questcor (QCOR -4%) trades lower after United Healthcare's Oxford Policy Update publishes revised Acthar approval timeframes , which limits the use of QCOR's Acthar Gel. [View news story]
    Remember - shoot first and ask questions later!
    Oct 5 04:15 PM | Likes Like |Link to Comment
  • Questcor (QCOR -4%) trades lower after United Healthcare's Oxford Policy Update publishes revised Acthar approval timeframes , which limits the use of QCOR's Acthar Gel. [View news story]
    It really would be great if Wall street actually understood the drug and its indications before acting. This is a shoot first and ask questions later.
    Oct 5 04:00 PM | Likes Like |Link to Comment
  • Shares of Questcor (QCOR) are now down 55% and halted on a circuit breaker. [View news story]
    Hmmm... one insurer that made a decision which is not written in stone with thousands of patients using it and more indications being approved, no new competitor applications, and a large short interest and the stock down over 50% at one point. Can you say "overdone" or how's about "algo gone wild"
    Sep 19 04:14 PM | 1 Like Like |Link to Comment
  • Cree (CREE) is down 4.3% premarket after missing FQ1 EPS expectations by a penny, and guiding for FQ2 revenue of $300M-$320M and EPS of $0.25-$0.28. While the revenue guidance is inline with forecasts, EPS guidance is below a $0.34 consensus, as higher operating expenses affect the company's net margin. (transcript)  [View news story]
    I guess these guys are the newest members of the serial disappointer category. Can they right the ship or they destined for mediocrity?
    Oct 20 11:18 AM | Likes Like |Link to Comment
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