rip this a new a.hole... management deserves a stock selling back at $1.00... arrogant #$%$.
Item 8.01. Approval of Stock Dividend.
Additionally on December 6, 2013, the Company's Board of Directors approved a 5% stock dividend on all the Company's issued and outstanding shares of Class A and Class C common stock. Only holders of record of Class A and Class C common stock at the close of business on January 17, 2014 will be entitled to receive the stock dividend.
On February 7, 2014, the Company will issue the stock dividend to the holders of the shares of Class A and Class C common stock as of the record date. This is the 23rd consecutive year that the Company's Board of Directors has approved the issuance of a 5% stock dividend to its stockholders.
Just think about it, In Jan/Feb SNFCA will issue a stock dividend at 5%. At that time you will see the share price drop in a flash 1 minute before closing bell exactly 5%! That means at $4.65 today after the issue of the dividend the share price will be $4.42. Why buy now...just wait and it will be less with dilution. Management does not seem to care because they have all the real voting rights and absolute control of the company. They are also all very wealthy...no care or concern for the average investor
Sentiment: Strong Sell
I do appreciate the tips. You are batting near 100%,. PTRY earnings come out Dec 10th. Sell before or hold into? I think they are doing fine with sales. Management seems to be on the ball. I am up on BEAT 1 hours after I saw it way way way oversold. I did see a $14 target at Lake Street posted by Fly on the wall. $15 is better! I will dig into MHR. Thanks again
Also bought BEAT today 7.80's looking for 10 plus analyst at Dougherty hearing re iterated his buy and $15 target.............Also picked up some MHR 6.71
Thanks again for yet another tip. I bought CALL but this time I loaded up on a decent amount. VLRS is smoking hot to date. SNFCA we just have to wait for the CEO to be replaced or gets a clue as to what us investors want. WPCS has been so great swing trading. I am doing it one more time. Been buying WPRT at lows. Hope I do not get burned. Have a great holiday season Mr K. Thanks again for all the tips. BEAT was a real payout for me as well.
Cramer pumped our VLRS today... my target still 17 plus. Another one I have loaded up on today is CALL.... very cheap with a big short interest...... you might need to have some patience but when it catches fire it will see the 20's again...... very low PE and and good balance sheet....... expecting good things. Also picked up some cheap BEAT back today in the 10.20's.... expecting some pretty significant goos news any day.....still holding some SNFCA... has been somewhat dissappointing but it will work eventually
Thx, I baliled on INOC @ $8.17! I still have III which is at a double, but I believe it has way more to go in 014! GERN is going to make a big run in Dec I think ! Time will tell on that one. SNFCA is a hold for me... if it tanks after the divi I might buy some to average down.
good job on INCO. if I were you I would sell now before the lawyers drag out the sale by years. even if the lawyers win the case shareholders typically do not get anything extra...lawyers get it all as payments and bonuses
SNFCA is certainly not share holder friendly. Just think at $4.68 current price when they issue the 5% stock dividend the share price will drop to $4.44 minimum from here. I thin a good buy in point is around $2.35 to $2.47 if you go back to when they were an unnoticed back woods company.
e7- You should have bought INOC they're getting bought out for $8.20 per share! I agree with Jet; tell your inside contacts at SNFCA they suck donky #$%$.s!
When SNFCA issues the 5% stock dividend the pps will also drop 5%. $4.68 right now but after 5% it will be $4.45 or lower. I am considering dumping the rest of my shares now. Management has no interest in any PR so it seems. SNFCA may hi sub $3 by the end of the year!