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S&P 500: 1,317.11 Change: -0.21%
rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Value Play = DRIV Has cash on books

Date December 29, 2011    Comments Comments (1)    Rate this post Recommend This Post (60)   
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DRIV has $8.50 cash net of debt.


Expected to earn 90 cents to $1 as earning per year


Stock selling for $15 and can get cheaper when next earning is announced on 
Next earnings release: Jan 26 after market, unconfirmed. Capital IQ estimate: 0.33
The stock is likely to move up about a $1.50 leading to earning.  One can cash out and establish a new position after earning is announced. My guess is 10% up side/ down side depending upon future guidance.


Total Cash (mrq):664.23MTotal Cash Per Share (mrq):17.79Total Debt (mrq):353.80MTotal Debt/Equity (mrq):53.43Current Ratio (mrq):3.11Book Value Per Share (mrq):17.74Cash Flow StatementOperating Cash Flow (ttm):62.88MLevered Free Cash Flow (ttm):35.61M


I am a buyer here with 25% position

Tags : DRIV  

1 Comment(s):

Author rjm77me     Date December 29, 2011 18:50 Abuse this post Report Abuse
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One can use limited risk by buying March 14 calls and selling March 17 calls for a net debit of max $1.35 and manage the trade
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