That is a free cash flow generating machine.
After their aquisition with a company which has around 1.6B assets, they paid 4B and the price went of course lower.
Does the aquisition makes sence? In the long term probably yes shareholders hate to give their money for mergers.
Technicals:
Bounce from 50SMA weekly and a potential gap fill.
Kl rebounded from the same SMA line few times historically.
Market view:
main indexes are in the quite bull regime and volatility is squeezed giving a great potential for a corrective move.
+ $SPY is on the top level of BB.
+VIX volatility index is the most shorted in history.
P.S. recent acquisitions in gold space showed that all of them recovered in a matter of 3-4 months.
After their aquisition with a company which has around 1.6B assets, they paid 4B and the price went of course lower.
Does the aquisition makes sence? In the long term probably yes shareholders hate to give their money for mergers.
Technicals:
Bounce from 50SMA weekly and a potential gap fill.
Kl rebounded from the same SMA line few times historically.
Market view:
main indexes are in the quite bull regime and volatility is squeezed giving a great potential for a corrective move.
+ $SPY is on the top level of BB.
+VIX volatility index is the most shorted in history.
P.S. recent acquisitions in gold space showed that all of them recovered in a matter of 3-4 months.