Re: AMD
 

To get back to the point of this thread, NONE of the last two pages of info was in Strassa's analysis. Which, if he was doing a technical analysis of the stock in order to trade is fine, but if he was trying to do a more fundamental analysis then clearly it seems he just took abut 10 minutes to "research" the stock and hit on absolutely nothing that has any economic meaning.

I don't mean to be harsh or anything (it's not like I'm an equities analyst), but if he's going to work for MS/ML (not sure which one he's heading to) then he's going to need to be able to take a LOT of straight-forward feedback.

Re: AMD
 

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Do I just assume anything that sticks out in a balance sheet is already worked into a stock price?

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Absolutely not. Both APT models and EMT assume there are traders taking positions to correct incorrect valuations. That doesn't happen instantaneously, even if you believe all that foolish EMT-hand waving.

Secondly, people routinely overlook/underlook at balance sheets for years on end. Enron would be an easy example. Any company guilty of channel-stuffing, it shows up on the balance sheet and other statements before they announce the earnings miss.

I've owned/followed AMD off and on for 15 years. It will break your heart.

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...and read today's news on AMD. Break your heart every time.

Re: AMD
 

fair enough, I wasnt approaching this as if I know anything--I know nothing about anything. I just saw a few things about AMD and tried to formulate some sort of argument, ideas.

Re: AMD
 

http://episteme.arstechnica.com/eve/foru...;r=268005334831

Some interesting insights into today's news from AMD.

Re: AMD
 

I am thinking of buying INTC for a swing trade under the assumption that more bad news will come out of AMD that is good news for INTC (market share, chip design, etc) Opinions?

Re: AMD
 

I haven't read all the responses so this may have been discussed.

People are starting to believe AMD will have to come to market with a financing. AMD has done several convertible offerings the past few years, and they'll probably choose that structure again since it is less dilutive than selling straight equity and has lame covenants/restrictions relative to a debt offering.

If they do a convertible offering, the convert arb guys who buy the paper will pound the stock getting their hedge off.

So, the big put buyers may be front running the convert arb guys.

Re: AMD
 

AMD announced a $1.8 billion convert offering today.

http://www.bloomberg.com/apps/news?pid=c...id=atFL1ex7.pQ8

Re: AMD
 

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AMD announced a $1.8 billion convert offering today.

http://www.bloomberg.com/apps/news?pid=c...id=atFL1ex7.pQ8

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Just in the nick of time.

AMD is nearly out of cash, says analyst