IMAX - bad math, it was just 7%. It was a no trade anyway as the calls dropped way down in value this morning. I suppose the pre-movie excitement had them in a slightly higher premium.
Although they don't make is easy to find in their 8-K, it seems the bulk of the GAAP adjustment is the Matrix acquisition. Since there was no compensation allowance last year, in evaluating a comany's performance, I prefer the apples to apples approach, especailly when the compensation runs at expected levels.
Google is a great example of this - assuming there are no future shenanigans, they have done a great job of getting their compensation under control and I expect other tech companies to emulate their success there.
As a buyer of a company, I want to know if they can keep innovating and sell more stuff at a profit - that Sandisk can obviously do! Also, you need to look at the macro environment in which there is a huge price war going on and I think we will have evidence next week that Sandisk is likely to outlast their competitors at this level.
In fact, Harari fired a warning shot by claiming that megabytes sold will be up 200% for the year without raising guidance - in other words, we are prepared to bury our competitors in low-cost chips!
That being said, I'm a buyer at $40, not $50 and just the other day I told my people to stay well away from this stock at $60. I just feel that, when the dust settles, SNDK will come out a winner in the chip wars.
As to GDP, CAT just told us they are looking for 2% - I'll take their forecast over the OMB's anytime!
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Google is a great example of this - assuming there are no future shenanigans, they have done a great job of getting their compensation under control and I expect other tech companies to emulate their success there.
As a buyer of a company, I want to know if they can keep innovating and sell more stuff at a profit - that Sandisk can obviously do! Also, you need to look at the macro environment in which there is a huge price war going on and I think we will have evidence next week that Sandisk is likely to outlast their competitors at this level.
In fact, Harari fired a warning shot by claiming that megabytes sold will be up 200% for the year without raising guidance - in other words, we are prepared to bury our competitors in low-cost chips!
That being said, I'm a buyer at $40, not $50 and just the other day I told my people to stay well away from this stock at $60. I just feel that, when the dust settles, SNDK will come out a winner in the chip wars.
As to GDP, CAT just told us they are looking for 2% - I'll take their forecast over the OMB's anytime!