I don't know if I have the guts but-- Abbott test approval good for Fluidigm, Citron Research says Andrew Left's Citron Research said via Twitter, "Mkt will recognize that $ABT news is good for $FLDM. More + antigen cases drives testing to the more accurate $FLDM PCR test to confirm. Screening vs Confirmatory $ABT is a good short term solution, the $FLDM only saliva bases assay that can scale.." Shares of Fluidigm (FDLM) are down 30%, or $3.41, to $8.02 after Abbott Laboratories (ABT) received Emergency Use Authorization for its BinaxNOW COVID-19 Ag Card rapid test for detection of COVID-19 infection. Abbott will sell the test for $5.
I know this is crazy folks! A mass amount of saliva test is not going to be good for OSUR because they are competing and probably thought they were going to sell theirs for much more than $5 the Abbot amount. Ok kick in the pants there-- I feel it. Can I save the outcome by going with the theory that more tests mean more false readings and a lot more second tests and that's where FLDM comes in...
Oh Lawd don't tell the wife! Van WHERE THE F ARE YOU!!! Jesus... You were supposed to keep me under control!! I'm a mad man right now... Shoot a hole in my boat will ya.... I am super confused about something and I might just sell. Help Me! I had Eldorado Resorts and it was $38 and I was flat. Suddenly i have Ceazers in my account and I'm up 23% $2,6000. What happened? There was that big a spread?
That's pretty cool. The only drawback I can see is you need a clear 4 feet on either side and nothing behind the person. Didn't Spider-Man or someone shoot a net at people? Not a bad idea really. Once again, a classic Stoney find. Its a story stock. Lots of insider sales. No buys in the last 2 years. https://www.sec.gov/cgi-bin/browse-...=4&dateb=&owner=include&count=40&search_text= I bet there's lots of Robinhood bagholders north of this level. It has a pretty high short interest. HTB. About 15% of the float. 20M shares in the float. Someone bought like 895 of the Oct $10 calls today for $1.10. Lol they are $.75 now. Tough call on this one. Do you remember Shot-Spotter ($SSTI) from years ago? Another classic Stoney!. I didn't like it at all. I think it was $11. A year later it was $61. Its $30 now. I mean paper-tigers or not, there's something to be said about story stocks I guess. Could Axon buy these guys? $AAXN. The Taser people. And police-cams. Ahhh... no way they'd buy em at 150X sales. Axon could just develop and patent my Spider-Man net. Who knows. You do send me down some cool research rabbit-holes though, that's for sure. Love this song.... good one for those straight-edges you use on your screen. Crank it up. "...Feeeeed your head!....."
I was researching the Spider-Man company lol. Hold Eldorado! Its up on the Abbot thing I'm sure. EDIT: I closed out $WORK today too. Bought the calls back earlier and just dumped the stock. Made a whopping $2.50 give or take. I think it'll drop on earnings. If it was gonna run much higher, it would have by now. I'll get back in near $26 for the long haul. (Which is what I said at $31 lol)
MGM is up big today too. 4.5% $23 now. 50% in a month. Should have bought that instead of stupid Slack.
Ollies is at $102.90 pre-market They had a great quarter. I didn't read the report yet. Someone must not have liked something. Same store sales were incredible. Have to read it here in a bit. Might get a nice bounce. EDIT: there's $99. ______________________ HARRISBURG, Pa., Aug 27, 2020 (GLOBE NEWSWIRE via COMTEX) -- ~ Comparable Store Sales Increase 43.3% ~ ~ Operating Margin Increases 820 Basis Points to 17.4% ~ ~ Diluted EPS Increases 294.7% to $1.50 ~ ~ Adjusted Diluted EPS Increases 197.1% to $1.04 ~ Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) today reported financial results for the second quarter ended August 1, 2020. Second Quarter Summary: -- Total net sales increased 58.5% to $529.3 million. -- Comparable store sales increased 43.3%. -- Adjusted EBITDA increased 164.9% to $99.4 million. John Swygert, President and Chief Executive Officer, stated, "We delivered our best quarter in our 38-year history with record top- and bottom-line results. Our performance reflects the strength of our business model as we remained nimble and responsive to opportunities in the marketplace to meet heightened levels of customer demand during the COVID-19 pandemic. We executed the Ollie's formula--buy cheap and sell cheap--and had the right products at great prices. I am very grateful for the extraordinary contributions of our entire team--our merchants, distribution centers, store support center and store associates--who have worked tirelessly to keep pace with the spike in demand and to ensure the continued health and safety of our customers and each other." Mr. Swygert continued, "We continue to be pleased with customer response to our great deals, with comparable store sales trends currently tracking in the high teens. However, we fully expect sales growth to continue to slow as we progress through the second half of the year. Due to the uncertainty related to COVID-19, we are not providing guidance for the second half of fiscal 2020. We remain confident that we are very well-positioned to benefit from the continued disruption in the marketplace as we continue to leverage our strong vendor relationships and the expertise of our teams. It's the effectiveness of our model, our strong financial position and long-term growth opportunities that keep us very excited about our future." As used throughout this release, adjusted operating income, adjusted net income, adjusted net income per diluted share, EBITDA and adjusted EBITDA are not measures recognized under U.S. generally accepted accounting principles ("GAAP"). Please see the accompanying financial tables which reconcile GAAP to these non-GAAP measures. Second Quarter Results Net sales increased 58.5% to $529.3 million in the second quarter of fiscal 2020 as compared with net sales of $333.9 million in the second quarter of fiscal 2019. The increase in net sales was driven by a comparable store sales increase of 43.3% and strong new store performance. The Company experienced robust comparable store sales growth throughout the second quarter of fiscal 2020, driven by higher traffic levels and a significantly larger average basket. The Company effectively responded to changing consumer needs in the period, creating a strong alignment between a value-driven merchandise assortment and customer demand. The Company also benefited from consumer spending in response to federal stimulus funds for the COVID-19 pandemic and having its stores open during the quarter while several other retailers were closed for a portion of the period. Gross profit increased 66.8% to $206.8 million in the second quarter of fiscal 2020 from $124.0 million in the second quarter of fiscal 2019. Gross margin returned to historical levels for the period, increasing 190 basis points to 39.1% in the second quarter of fiscal 2020 from 37.2% in the second quarter of fiscal 2019. The increase in gross margin in the second quarter of fiscal 2020 was due to improvements in both merchandise margin, driven by increased markup, and leveraging of supply chain costs as a percentage of net sales. Selling, general and administrative expenses increased to $109.1 million in the second quarter of fiscal 2020 from $87.4 million in the second quarter of fiscal 2019, primarily driven by an increased number of stores and higher store payroll and variable selling expenses to support the significant increase in sales. As a percentage of net sales, selling, general and administrative expenses decreased 560 basis points to 20.6% in the second quarter of fiscal 2020 from 26.2% in the second quarter of fiscal 2019. The decrease was primarily due to significant leverage in payroll and occupancy as well as other fixed costs from the strong increase in comparable store sales as well as continued tight expense controls throughout the organization. This leverage was partially offset by certain increased expenses, such as premium pay, associated with operating through the pandemic. Operating income increased 199.3% to $92.0 million in the second quarter of fiscal 2020 from $30.8 million in the second quarter of fiscal 2019. Operating margin increased 820 basis points to 17.4% in the second quarter of fiscal 2020 from 9.2% in the second quarter of fiscal 2019, primarily as a result of the increase in gross margin and the leveraging of all expense components due to the significant increase in comparable store sales. Net income increased 294.8% to $99.4 million, or $1.50 per diluted share, in the second quarter of fiscal 2020 compared with net income of $25.2 million, or $0.38 per diluted share, in the second quarter of fiscal 2019. Diluted earnings per share in the second quarter of fiscal 2020 and fiscal 2019 included a benefit of $0.46 and $0.03, respectively, due to excess tax benefits related to stock-based compensation. Adjusted net income, which excludes these benefits, increased 193.5% to $68.9 million, or $1.04 per diluted share, in the second quarter of fiscal 2020 from $23.5 million, or $0.35 per diluted share, in the second quarter of fiscal 2019. Adjusted EBITDAincreased 164.9% to $99.4 million in the second quarter of fiscal 2020 from $37.5 million in the second quarter of fiscal 2019. Adjusted EBITDA excludes non-cash stock-based compensation expense.
Sunday Morning.- While DraftKings' (NASDAQ:DKNG) decision to reverse-merge into a SPAC led to the company's valuation ballooning from about $3B in April to more than $13B on Friday, investors and companies should be wary about the surge of available SPACs, according to CEO Jason Robins. "Hopefully the market settles down a little bit there," he told CNBC's A View from the Top. "I think there are a lot of SPACs now. Some will do well and some won't. For the right companies, SPACs are great vehicles, but it’s not a fit for everybody. It’s not a fit for every company." ,,, Interesting that he should speak now, of course this makes me think of Sportrac and that possible SPAC merge into I forget the name... I'll be back on that. Van short GSX eh? Looks like you have company. Short Sellers Piling Into GSX Techedu Following Fraud Accusations- Wow, GSX Techedu Inc (NYSE: GSX) is down 34.1% since Aug. 6, largely due to reports from short sellers Citron Research and Muddy Waters Research accusing the company of being a fraud." According to S3 Partners analyst Ihor Dusaniwsky, GSX was the most aggressively shorted stock of the past week. I think you are onto something in the sense that it's a free ride, even if the fraud is disproven I don't see this stock rallying. One way ticket?