airborne,.......A little background music, .dg_946_f and I were frequent posters on the FCEL board going back to year 2000. After 9-11-11, the board discussed political events, not a good idea. There was one very vocal poster who applauded the invasion of Iraq. I posted my views. I maintained that Iraq never attacked the US and never threatened the US and that the invasion was illegal in accordance with international law. The jihadists, Cheney, Wolfowitz, Feith, Joe Lieberman, Richard Perle et. al. couldn't wait for war. They also never served in the military, most had numerous deferments. Wolfowitz said that the US would be greeted with flowers and sweets, he was wrong. Saddam Hussein was the only person that could keep Iraq unified in spite of the tribal factions, so, he was killed. The US tore down his statue, not the Iraqis and then hoisted an American flag, very poor judgment. Iraq has been destroyed and the US played a big part in that. I would rather that the $ trillions that we spent in Iraq were spent in the US and that the thousands of Americans who were killed and injured could have been spared. airborne, it seems that you were in the military and I respect you for that. Your views may differ from mine and I accept that. This board has been devoid of ideological propaganda and I don't want to encourage debate not related to UTX......Regards,....Kid
The only reason a stock splits is to make the stock more affordable for a wider audience. Many people shy away from Berkshire Hathaway, Google, the Washington Post and other high priced stocks due to sticker shock. A smaller audience due to sticker shock lessens a stocks gains. Simple economics.
Historically UTX splits when ≥ $120 for 3 months. That said, when looking at all the fundamentals and indicators, there is no reason to believe it won't maintain ≥ $120 this year.
I was referring to this kind of information when I asked about the quality of their loan portfolio: Auto Lending Bubble Inflates ---
Kid or dg - What are considered weapons of mass destruction? I saw films which showed the bodies of thousands of dead Kurds, including babies on the ground next to their mothers, in their villages in northern Iraq. They were gassed in mass numbers. Wouldn't you expect the delivery system to be a weapon of mass destruction? Just need clarification.
Pentagon warns of major cuts due to sequestration • 9:12 AM
•The Pentagon would have to cut $40B of its planned spending on operations and maintenance from 2016-2019 if Congress doesn't stop automatic budget cuts that are due to take effect in 2016.
•In a report yesterday, the DOD also said the R&D budget would fall $18B to $337B.
•Companies that would be affected include Lockheed Martin (LMT) and its F-35 program, Boeing (BA), Northrop Grumman (NOC), United Technologies (UTX), GD (GD) and Huntington Ingalls Industries (HII).
Thanks for the reply and the heads up on the discrimination settlement issue to pay out. I will hold out until I do some more research on this and get a chance to see more earnings and news.
BTW, you were dead on regarding Iraq WMD and our involvement in that war and it wasn't Monday morning quarterbacking on your behalf. Its consequences to this country financially and Mideast unrest was a sad day and continues to be so.
word across the board is that Q1 will be not so hot; so UTX is not likely to be a big exception. On the other hand, they are known for ALWAYS making the number. We'll see.
What about how Sickorsky bent over the Canadians. Behind schedule, over budget. Now they have to give, at NO CHARGE the remainder of the Canadian S-92s to appease the DND. Hey Louie, have them get their $#$% together.
dg_946_f,...............ALLY is down about 4% from it's IPO price of $25., not too bad. There are many considerations, ALLY had good sized losses and has a discrimination settlement to pay out. The FB IPO went boom and then bust. I stayed away from FB until it was considerably below the IPO and have been trading it heavily, my best performer this year. Sometimes, it is prudent to wait for the dust to settle. Interest rates will rise at some time and the majority of the banks will benefit.................Regards,.....Kid
I value your opinion especially on banks. I have been a large user of Ally bank for CD's for some time. What do you think of their newly issued public offering (symbol ALLY)? It is down slightly from it's issue price of $25.
A broker once told me that the time to acquire a stock is before it splits. The only thing a stock split does is to make that stock more affordable in smaller lots to many more people. True, you can buy 50 @ $100 rather than 100 @ $50 and everything is equal. But it is only a perception of more affordability. The people that buy before, get a little bump up. More than the people that buy after the split because many times after the split, the stock settles down rather quickly to a normal slow grind. Only my take on it.
skinz,......I've posted in the past that a split doesn't add much shareholder value. If you have a 10 pound loaf of baloney and cut it in half, you now have 2 five pound loaves of baloney, but, still 10 pounds total. When you have goofy splits like 20% or some other percentages, your bookkeeping becomes more difficult to maintain. I once owned Taiwan Semi and they used to do splits annually which were then taxed by the Taiwanese government,...not good. Berkshire Hathaway has never split, they also have never paid a dividend. Yogi Berra is alleged to have ordered a pizza and was asked how many pieces to have it cut into, 6 or 8, his response was , Cut it into 6 pieces, I can't eat 8 pieces.......Kid
If a stock selling at $100, earning $6 per share and paying a $3 annual dividend splits 2-for-1, you end up with twice as many shares selling at $50, earning $3 and paying a $1.50 dividend. I fail to see any difference whatsoever. Your investment will still have the same exact value but more shares. Back in the days when commissions were based on 100-share lots, a 2-for-1 split would have more than doubled your cost to sell the stock. What's so great about that? With commissions usually based on a flat rate per trade and the odd-lot differential taken out of the picture, the extra expense caused by a split is no longer a factor. The only people who made money on stock splits were the brokers. Shareholders got screwed but were too stupid to know it. It was the brokers who lobbied for splits simply because splits increased the commissions they could gouge out of their customers. Nowadays, no one benefits from stock splits. They're a total waste of money for everyone unless you're an old-time broker who is still gouging your customers outrageous commissions.
Any body out there have any idea where the bottom for UTX is during this current Bloodbath?? I'am inclined to pickup some more somewhere in this downward spiral.
Sentiment: Strong Buy