A whole lot of selling going on with 68 mn shares traded the eve of earnings. If we do miss then something does smell fishy indeed. Can this POS really have a 4th Q in a row that is not well received or at most neutral. What is it going to take for this POS to get back over 3.50??????:poop:
Maybe tomorrow we get a positive for a change.....
I have a feeling that longs will be pleasantly surprised tomorrow
Call me crazy, but with:
no upping of guidance, no pre announcements, no analysts chiming in immediately prior to earnings, and the share price drop on the eve of earnings
I feel Meyer will have to pull a rabbit out of his hat, and may just do so.
- possibly no capital expenditures to cut into earnings (although the cost of overpaying for the Liberty share buyback might hurt)
- the GM arrangement working its way through
- strong auto sales so far
- used car activations gaining
- fastlane program offered to all the non active radios in all those damn recalls
It may turn out better than expected.... I just hope the growth rate doesn't slow so much as to turn off the street.
Nervous nellies selling off....cant blame them really. I would be more concerned if the volume today was over 100 million plus. I remain skeptically optimistic. Auto's numbers were good...but the one smoking gun that remains is why buyback shares at a higher price, unless malone and co are going to partake. Nothing we can do now.....just sit and wait for numbers to start hitting the wires at about 7/730 am. All bets have been placed....hands off the table gentleman. GLTA!!!
Congrats everyone........ earnings .02 .....up to 3.50 premarket!!!!!!!!!!!!!!!!!!!!!
it's a beat but not by much
still shows slowing growth...... well, 10% rev growth is double digit......
It all rests in the CC
Happy it wasn't an outright miss..... whew
Originally Posted by dm_4
Yes but at what moment do we get beaten down and crying WTF? Sorry to be pessimistic but it is too easy being the designated red haired stepchild of the stock market! Once again, like most everyone else here, I still have hope! Good luck everyone!
bought 60k shares at 3.39 yesterday...... it was a gamble
It's a modest beat with with increased guidance and 350mn shares pulled off the table in the Q. Subs at 475 look good......as a whole should be enough for a positive reaction in SP........i hope.
EV/EBITDA now17.4? anyone confirm? (busy this morning so have to do rough calc in my head while driving... if you're on 93, DM, watch out!)
Side note... is there a reason why these multi billion dollar corporations use conference call stuff that sounds like it's fresh out of the 1970's ? Distorted music with popping and spitting like it's coming out of a record player ... GFY