OMI is a sleepy healthcare stk normally I wouldn't entertain. EPS rather flat. But it is down from $25 and represents value of a sort here.- OMI Owens & Minor, Inc. $16.420.00(0.00%)4:00 PM 08/01/24 NYSE |$USD |Post-Market:$16.82+0.40(+2.44%)7:18 PM To be up at all is impressive in this tape- PE roughly 11. Owens & Minor beats top-line and bottom-line estimates; reaffirms FY24 outlook NewsToday, 6:38 AM No insider buying which is troublesome.
FTC to investigate why grocery prices remain high despite lower costs for retailers DraftKings unveils $1B buyback program after profitable quarter Gary Dugan, chief executive officer of the Global CIO Office, said in an interview on Bloomberg Television. “From the peak a 10%-to-15% correction wouldn’t be strange in this huge change in shift in sentiment in the markets as central banks look well behind the curve.”
Markets now see the Fed delivering three consecutive quarter-point cuts in September, November and December. Traders are pricing a roughly 50% chance that one of those reductions will be 50 basis points.
PE 21 HWKN Hawkins, Inc. $78.76 +1.10 (+1.42%)4:00 PM 05/09/24 #17274 May 9, 2024 Report Reply Share stonedinvestor 47,070 Posts 3,632 Likes SWIM Latham Group, Inc. $3.85 0.15 (+4.05%) #17275 May 9, 2024 Report Reply Share stonedinvestor 47,070 Posts 3,632 Likes HAYW Hayward Holdings, Inc. $14.70 0.19 (+1.31%)4:00 PM 05/09/24 Hayward Holdings Hayward Holdings (also known as Hayward Industries) is a company that manufactures, designs, and distributes residential, commercial, and flow control pool equipment. #17276 May 9, 2024 Report Reply Share Back in May I put together a pool-related portfolio. Mostly for fun i did wind up trading POOL the stock but I should of maintained better control over watching these pool-supply names and my top choice Hawkins has gone crazy to the upside without me. I need a better system. This chicken scratch on various pieces of paper strewn about the apt is not the way to go. HAWKINS $78---------------> $121 And to make matter worse I did re find the idea just before the last 16% and STILL did not buy. A truly amazing GBA call but not taken advantage of. Hawkins, Inc.(HWKN) $121.37+17.47(+16.81%) At close: August 1, 4:00 PM EDT
This is a very important case about a very slimy man I cannot stand. I don't know him but I cannot stand him. Short-Seller Andrew Left’s Deleted Tweets Reappear in Fraud Case Erik Larson Fri, Aug 2, 2024, 7:00 AM EDT7 min read In This Article: BYND-2.23% NVDA-6.67% TSLA-6.55% CRON-4.08% ROKU-4.95% (Bloomberg) -- Embattled short seller Andrew Left deleted his research firm’s entire tweet history last year to fend off what he described at the time as “class-action attorneys and trolls” looking for dirt in his past stock commentary. Most Read from Bloomberg GBA No 1 again- stonedinvester raises cash ahead of sell off Kamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead Heat Ackman’s IPO Dream Implodes From $25 Billion to Zero in Weeks Dozens of deleted tweets are now front and center in the US Justice Department’s indictment accusing Left of manipulating the market to benefit his own trading and lying to investigators. Prosecutors say the tweets, on the platform now called X, were intended to dupe hundreds of thousands of people who followed Left’s Citron Research account into helping him move the market and reap millions. “By using the Citron Twitter account to generate ‘catalysts’ — events with the ability to move stock prices — defendant Left profited from his advance knowledge that he was about to trigger such movements in the market,” the indictment says. James Spertus, Left’s lawyer, says it’s “preposterous” that Left’s tweets could move large cap stocks and says they represented his legitimate views. “Underlying every count in the indictment is the claim that the opinions tweeted were not what he believed, and that’s just not true,” Spertus said. “The misrepresentation here is from the Department of Justice, not Mr. Left.” Spertus added that the target price for a stock has no relation to the price at which Left personally would close out a short position and assuming a connection is a mistake by the government. The short seller pleaded not guilty earlier this week in Los Angeles, where he faces decades behind bars if convicted. The case, if it goes to trial, could shine a light on the way short sellers use social media and help draw a line between legitimate commentary and intentional manipulation. Here are some of the tweets at the center in the indictment: Roku ‘Uninvestible’ Early in the morning on Jan. 8, 2019, Left opened short positions in Roku Inc., the maker of TV streaming boxes and software, setting him up to profit if the stock were to fall, prosecutors say. At 9:41 a.m., Left posted on Citron’s Twitter account that Roku was “uninvestible,” according to the indictment. Left soon deleted the tweet and, the US says, “falsely and misleadingly” posted this instead: “To clarify, we are watching ROKU from the side.” Left made at least $700,000 from his Roku trades that morning, prosecutors say. Beyond ‘Stupid’ Left began building a short position in Beyond Meat Inc. in mid-May 2019, according to the indictment. Then, on May 17 at 1:50 p.m., Left ripped into the maker of plant-based meat substitutes on Citron’s Twitter account, as noted in the indictment, mocking the company and predicting it would suffer from a new competitor: “$BYND has become Beyond Stupid. Most heavily traded retail stock on Robinhood, market cap now bigger than industry, and superior competitor coming to market soon. We expect $BYND to go back to $65 on earnings On retail exhaustion. [Look]” The short seller quickly began closing his position in Beyond Meat in Citron’s trading account, according to prosecutors. Within 12 minutes of posting the tweet, Left sold the $90 put options that expired the same day, the US says. American ‘Upside Down’ Left opened short positions in American Airlines Group Inc. in his trading accounts around June 5, 2020, prosecutors say. He also purchased short-dated $19 and $20 put options that expired the same day, as the airline was trading at about $20, according to the indictment. At 11:54 a.m., Left allegedly took to Twitter to blast the airline’s balance sheet: “$AAL Back to $10 Robinhood traders have 0 idea what they [sic] buying. Balance sheet is upside down. Unencumbered assets worth far less than current price. The reason why Buffett fully exited lower. They don’t teach finance in the Sherwood Forest.” Left completely closed his pre-tweet trades in the airline by about 12:37 p.m., for a profit of at least $429,000, the US says. Cannabis ‘Dark Side’ Left began building a short position in Cronos Group Inc. on Aug. 29, 2018, a few days after he wrote to a hedge fund portfolio manager that “we can make money in weed” and “we can DESTROY” Cronos, according to the indictment. On Aug. 30, 2018, at 10:07 a.m., Left used Citron’s Twitter account to post a link to a Citron short report and said: “$CRON tgt price $3.5. Everything that is contaminated about the Cannabis space. ALL HYPE with possible securities fraud . . . .” At the time of the tweet, Cronos was trading at about $11.50 a share. About an hour later, Left used Twitter again to promote his short position on the weed company and upcoming TV appearance, prosecutors say. “Andrew Left from Citron on CNBC Fast Money 5:25pm ET to discuss why $CRON is the most overhyped of all the ‘pot stocks’ with a target price of $3.5[.]” Left began closing his short position on Cronos about 24 minutes after posting the first tweet, according to the indictment. By the end of the day, Left had reduced his pre-tweet position in the company by about 61%, the US said. The next day, Left wrote to another person that his commentary was like taking “candy from a baby” because Cronos was popular with retail traders, the US said. https://finance.yahoo.com/news/short-seller-andrew-left-deleted-110000470.html
Taking a look at OSUR now Vz. Very large institution holdings... Institutional investors own over 50% of the company. It looks like hedge funds own 5.7% of OraSure. BlackRock, Inc. is currently the company's largest shareholder with 10.0% of shares outstanding. This is at first blush impressive for such a nothing stock. What do they know?
YTD - 45% Wow that's bad. last earn report was awful. BUT restructuring? -Revenue:Reported $54.1 million for Q1 2024, a decrease of 65% year-over-year -Recorded a net loss of $3.58 million in Q1 2024, - Cost Reductions:Restructuring initiatives are expected to yield $15 million in annualized expense reductions, aligning with strategic goals to enhance financial stability. Operating Cash Flow:Achieved $6.7 million in Q1 2024, contributing towards the company's goal of reaching cash flow breakeven for its core business by the end of 2024. Financial Performance Overview For Q1 2024, OraSure reported a total net revenue of $54.1 million, a sharp decrease of 65% from $155.0 million in Q1 2023. This decline was primarily due to an 80% reduction in COVID-19 related revenue, which was anticipated as government contract volumes decreased. VERDICT-> Van it is an eclectic pick. I am left wondering why this big guys like Blackstone own so much after this performance. I can't tell you what the story is but you are probably onto something. This Covid decline stuff that has to be washed out by now. They are lowering costs... I could see this being a very positive report with some talk about that cash flow break even.... It was low volume unchanged yest!! a good sign. The Games Are On!!! I will counter with Natera for now. It's the only diagnostic name on my watch... I'll try and find a lower cap idea...
I guess it's a sign of how hectic the market is but I AM REALLY REALLY SURPRISED NO UPGRADES ON LSPD THIS AM::: did I read the report wrong? Lightspeed sees FY25 revenue growth 'at least' 20% » 07:46 LSPD FY25 revenue consensus… Lightspeed sees Q2 revenue ~$270M-$275M, consensus $272.96M » 07:45 LSPD Sees Q2 adjusted EBITDA… Lightspeed reports Q1 adjusted EPS 10c, consensus 7c » 07:44 LSPD WHAT GIVES?
This is an interesting video. At about the 11 min mark he talks about the H omens. I don't agree with his assessment that 6 weeks is beyond the 1 month confirmation zone.. I mean it is but that doesn't mean we shouldn't listen--> ok now we have had since last Feb 4 omens<-------hello!!!!