‘market know something we don’t?’
what’s the bear case for this one, anyway?
the 30%+ short position
…
P/E seems darn good
smart board members like it
buying opportunity? …Jan 2015 33 calls, for example, = $5.50
…
thoughts?
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Hermann,
I am just confused as you are
I wrote some 45 Dec Puts some time ago, so I think I will get a lot more shares bringing me to a full position, or I collected over $8 in premiums, not a bad outcome in either way.
For me the model is not broken and I am willing to hang in there.
What I didn’t understand was the announcement of a dividend.
only explanation I can come up for the div was the CEO (owns 65% of shares) wanted to take some cash out of the company without selling shares. Tom
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