Post by
sunshine7 on Mar 28, 2016 4:18pm
Investing 101
Aside from the price of shares for the moment, CXR has borrowed $3.5B @ 7% to earn $650M or 19% ROI. As business grows and debt shrinks, the difference becomes even more pronounced. The share price will continue to be volatile, but really, if it continues to earn $9-10/share as per guidance, the share price will not remain at these depressed levels forever. When the short interest sees little more downside, they will move on.
Comment by
select1011 on Mar 28, 2016 4:34pm
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Comment by
puma1 on Mar 28, 2016 4:44pm
UBS wanted out today dumping 200,000 of the volume. Barlcay's and Merrill were each out about 50,000 for another 100,000 total or about 20% of the total volume today here. Anon, RBC and TD were the 3 large buyers but overall the selling was basically all jus tthe 3 houses whereas the buying was a bit more spread out across houses.