People say we have a ammo shortage, not true. One notch higher in price an Fiocchi and Eley come in play. I just picked up a load of Fiocchi 22 bullets 50 ct. for $6.95 I could of bought Federal,CCI, or Winchester, at half that price at a big box retailer, but these guys are never in stock. The guy who told me where to find the bullets has 7000 rounds and says he has all he need. Problem is, this is not the first time hearing this.. Had a chance to meet demand and #$%$ it away. Also seeing PMC 223 @ 6.99 per 20pk. 24/7 ((lol))
Voted your proxy yet? Get their attention...vote against all directors. What have they done for you lately? No dividend increase since 1999. Share repurchase program authorized in 2011 and expiring in July this year has purchased a measly 1.9 million shares out of ~80 million in 3 years and hasn't made a difference in your dividend. Huge cash increase last year, capex down, where is the money going? Not to shareholders! Sned them a message...vote no.
Carl says it better than I do...
Leave out his current issues with eBay and who else could he be talking about?
Agreed. Look at how many increases mgmt has had since the last time (1999) shareholders got an increase....these #'s only thru 2007 - 2012
Total Comp %
The stockholder total returns of dividend plus share appreciation are lagging for a corporation with the assets that OLN has available to deploy strategically. Management better either raise the dividend or do something strategic to increase my value or I am going to call an activist to buy a position and shake up the Board and Management. We will find a way to get more money to the stockholders maybe through management pay cuts.
This article does a good job of saying what I have been saying here. OLN needs to be acquired to unlock shareholder value, or they should spin off Winchester to the shareholders, or pay out a special dividend. According to the writer, the BOD and management are fat, dumb and happy, with little skin in the game and sitting on mountains of cash. Maybe Carl Ichan can come and help us out!
I agree! I have said in the past that they should put the company up for sale. Perhaps, someone that knows how to run a business will buy them and take us out of our misery!
Go read the transcript. Depressing. Lower sales, lower EBITDA. Poor forecast. What is wrong with these guys? If that is all you have, break up the company and sell it. Pathetic management.
Yikes, down 8% after hours! The last few days have been a blood bath all the way around. Guess I should have paid attention to all those doom and gloom emails and newsletters that I had been getting.
Good sign. Smith and Wesson was downgraded when it was at $10/share. Forty five percent later the analyst is sticking to his guns...so to speak!