I read that Scottrade charged that, along with other fees, and asked Options Xpress if they did also... The person in chat had no idea what I was talking about... Neither did I, but upon clarification, she said, NO WAY
What are you, a mutual fund manager ?
I seriously doubt someone posting on a yahoo message board has 120 thousand to throw at a stock.
But if you really did, I wish you well
Seriously? I have 3 $250k CDs; one of which matured on Jan 5. I doubled up on CNSL, and my cost basis is now 21.85. There are many of us wit large portfolios who post on BBs. I happen to like the hefty dividend the company is paying. Get it?
Kunda, Like you said..."it was a gamble." Sure looks like the report is not being viewed favorably in the pre-market. CNSL was near $29 at the end of December and has fallen about 20% since then. I owned North Pittsburgh Systems and got into CNSL when they acquired NPS. The steady dividend has been good and it appears that it will continue, but somewhat dismayed by the large price decline since the new year . Like you said..."it's a gamble." Good Luck, Bob
Payout ratio (dividend to cash available to pay dividends) at 65% was actually better than previous quarter at 72%. Most of the charges on the current quarter were related to the merger with Enventis so will not apply to future quarters. The dividend looks secure at this point and at 7% makes this stock at least a hold.
Nomad, just my two cents, but I don't think stormfront was implying that the dividend would be cut or eliminated, just that the amount of price decline would negate any monetary gain received from the dividend. I agree with you that it appears that CNSL has adequate cash to continue the current payout. Bob
"I don't think stormfront was implying that the dividend would be cut or eliminated"
That's correct Bob
I suppose my post's 'header' implied that.
I expect CNSL to trade between 20 and 24 with the divvy still in place.
Should there be a divvy reduction, short-term is not good news.
See CTL as a case-study; stock recovered over time because of buyback.
To see CNSL go over 30 anytime soon is remote unless someone comes along to buy the company.
CNSL needs to invest in their network, DSL is not going to cut it a few years from now and their fiber build out is almost non-existent. I am a customer and previous shareholder and got out as I do not see enough investment to keep them relevant. My area located near one of their purchased companies headquarters has no plans for fiber in the near future. When I heard that is when I recently dropped the stock (and their phone and TV service). My DSL is OK for now but in a couple years I do not see how I can keep it as well.