RE:IF A BUYOUT IS ANNOUNCED MONDAY AMinsidersnoop1 wrote: ...........someone should be going to jail. Bollinger bands signaled a sell and RBC Capital published a SELL rating only a few days ago on Sunday Nov. 10 with a 12 month target of 25$.
If (and only if) earnings have improved in Q4 report on Dec.6, stock price will improve over time.
If there is no improvement in earnings and (God forbid) they announce a dividend cut to 4%, the share price will tank to 25$ fast.
I sold everyting I had yesterday at 28$. Nobody ever went broke taking a profit. Will wait for 25$ - 26$ range to buy back.
No reason whatsoever to speculate about a dividend cut here, as it's well covered and in no danger. As for an analyst sell rating, that has been par for the course for years now so nothing new. Sheep analysts keep trying to analyze this by big six standards, and therefore continue to be clueless.
You've been pumping about takeover offers all year and now start bashing the day after you sold, fear mongering about a dividend cut? Cmon, have a little more class.