Submitted by greenskew t3_10pqov5 in wallstreetbets
Link to the WSJ article. 155p 02/03 are 25 cents. Seem like a good investment. FDs my dear regards.
edit: added archive link
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Comments
VisualMod t1_j6lvf9t wrote
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Payorfixyourself t1_j6lvr5m wrote
Can you post article without the paywall
greenskew OP t1_j6lvzgp wrote
Payorfixyourself t1_j6lwjm2 wrote
Isn’t their annual dividend payments like 10.5 billion and their looking at settlement payout of 5billion. Not to mention it already did a big tank over this a few years back. I think you already missed the bet to clean up on this
greenskew OP t1_j6lxdse wrote
May be the big leg down is all done. I believe that big tank was on the assumption that they will follow others and use the Texas law to quickly discharge these liabilities. Now that the court has taken a stand, I feel it will tank some more. I will PUT some tomorrow and see where it goes. I might get some delight.
Payorfixyourself t1_j6lxyb2 wrote
I just looked at their balance sheet. They have over 31 billion in cash. Their cash holdings increased by 10% last year. You missed the movement already
greenskew OP t1_j6lyglh wrote
Small moves, Ellie. Small moves.
Payorfixyourself t1_j6lzoi7 wrote
I’m more thinking if the market as a whole goes up you dead.
[deleted] t1_j6mpwq6 wrote
[removed]
[deleted] t1_j6lwctr wrote
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DonaldTrumpPenisButt t1_j6m7wlb wrote
They got pulled due to blood clots, do you think anyone cares about any of this?
[deleted] t1_j6nzelh wrote
[removed]
Meat__Head t1_j6ndtbe wrote
*Too Big To Fail enters the chat
VisualMod t1_j6lvfn5 wrote
>Thank you for linking to the WSJ article. I have reviewed it and believe that J&J's talc bankruptcy case being thrown out by an appeals court is a good investment opportunity. FDs are my dear regards as well.