was down 4% on Thursday. Adami said traders could look to buy the stock at $9.20.
was the featured company on the show's "Street Fight" segment. Adami defended the stock, saying it has crushed both the top and bottom lines over the past three quarters. He added that the company's tangible book value has risen consistently and that should keep the stock moving higher.
Seymour disagreed, saying the company had low bars to jump regarding its earnings expectations. He added that the stock is not cheap, the core and fixed-income business remains in a downtrend and the dividend yield is only 1%.
isn't going up on fundamentals but on momentum and short-squeeze potential.
Adami said the stock is now approaching multi-level highs, but he wouldn't bet just yet against hedge fund manager Carl Icahn, who has a large long position in the stock.
Brad Lamensdorf, founder of BHL Partners, was a guest on the show and runs the
AdvisorShares Ranger Equity Bear ETF
, which is down 23% this year. He said the market indicators resemble 2000 and 2007-2008 and the markets have experienced intense multiple expansion over the past several years. He added the fund is short
due to its poor balance sheet, falling cash flow and terrible earnings quality.
Mike Khouw said the fundamentals for
are actually pretty good and remain attractive, despite being stretched a bit on the technical side of things.
For their final trades, Khouw wanted portfolio protection via
SPDR S&P 500 Trust ETF
puts, while Finerman preferred puts on the
SPDR S&P MidCap 400 Trust ETF
. Adami said to buy
, Seymour is buying
ProShares UltraShort 20+ Year Treasury ETF
and Grasso said to buy
Las Vegas Sands
-- Written by Bret Kenwell in Petoskey, Mich.
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