I love it when schmucks like art.crafts2 whine....they don't have a clue and constantly complain....entertaining too some degree but very pathetic none the less.
He posted that on the wrong board he should of removed it himself only he can do it . Rad is rite aid . They were recently aquired and he is complaining about not going it alone hopefully getting more then the buy out price . This is a good stock but it is very cyclical and will take a while . I am so sick of a 80 cent a year dividend . They cant raise it either with all the money they borrowed for this last deal . Been 80 cents for about a decade at least . They don't even publish the history even they must be embarrassed . The good news is they have a great backlog . Good scale and most importantly low power costs as thats a big part of the business . This is like one guy said a restructuring deal that will take a few years to play out . The good news is the price for their products is slowly increasing . Some say their still about mid cycle not at the bottom dragging along . Back in 07 or around their this traded in single digits and it was $32 after the merger was announced . Slowly we will get there . Due to the debt covenants they cannot spin the Ammo business nor raise the dividend until they pay down debt . They forecasted about 2 - 3 years from the merger date for the Dow assets . Good luck .
Caustic Soda has been seeing nice price gains in China . UP 8% since the first of the year . Maybe that will spill over into our markets . Hard to be patient waiting for a rise in the dividend due to the covenant restrictions after sitting at 80 cents for so many years . Glad I sold 20% at $32 but should of sold it all sadly ( I bought it back at $18 ) It will be a huge day when the get off 80 cents for a dividend or spin Winchester . Myself I would prefer they keep both parts together and just pay a .21 cent a quarter dividend showing belief in their earnings . I bought this for safety with income along the way but without dividend increases and preforming with a high beta as a pure cyclical this is not as attractive even after the Dow merger as hoped .
I took profits as the stock at $22 meets big resistance.
Plant closing, synergies, and maybe a better prices, but today: No profit growth and PE near 20. I think we will see $20 before we see $30. I can get interested again at the 50/200 day level of $18.50.
Anyone else happy to see how nicely Olin is performing this week? To finish up even after earnings, wow. Maybe we have a new Olin. Good CC too, like the new CEO too.
chiefrcm, do you know what bigjimbig is talking about? His posts are so oblique, I can't make any sense of them. What is RAD, and what is the "deal" closing or not closing in October? It seems impossible to get any answers on this board to such important affairs.
Looks like you are wrong, at least for the moment. Hope you didn't lose anything! I have been in since $14 so am very pleased and will continue to hold. OLN pays a good dividend too. Blue skies coming!
Then shut your dirt mouth, nasty, vile idiot!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This is a company that just took a big gulp and is regurgitating the purchase of dow chlor. Many had to expect that it would take several quarters before ship righted itself. So buy more here. Its an opportunity that very rarely comes along in a value play.