Can some explain how the stock is at 17. With the poor performance and the lowered investment rating from 2 firms how is the stock price going up?
7 replies (most recent on top)
how is anything Carl does not insider trading? his cronies do waht he tells them to, and he buys and sells before they execute his commands. he has many accusations before xerox of insider trading but he always slithers away.
Because the stock price is being manipulated. People have inside knowledge.
share buybacks ,also icant has bought a load (maybe a buy out is imminent), Its very quiet...too quiet , last time it was this quiet the fuji deal dropped, so expect some news soon. The market HAS to conciliate to survive.
On Yahoo
The low Altman Z-Score of 0.56 also warns the company could be in danger of bankruptcy. Its assets are also building up at a faster rate than revenue is growing, suggesting it may be becoming less efficient.
Something is in the works. It won’t be good.
It went up but the price has been dropping the past 2 days
Fundamentals don't determine stock price. We've seen billion dollar market caps on companies with 0 revenue.
Right now there are more buyers than sellers. A lot of investors will follow Carl Icahn's lead thinking something is about to happen.