Wed, Aug 27, 2014, 11:55 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

General Cable Corp. Message Board

  • rghentpz rghentpz Aug 6, 1999 10:43 AM Flag

    MARKET MAKER

    does anyone know who is or if there is a market maker for bgc and who handles the buybacks for the co.on the open market? Thanx

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • But he is all we have for QB. No more SB for us...

      Stock price is headed up soon. IMHO

    • Learn something New every day.


      By: howyx
      Date: 8/26/1999 10:15 am EDT

      companies cannot purchase shares during the last half hour of trading

    • companies cannot purchase shares during the last half hour of trading

    • the consolidations in aluminum and copper make
      you wonder if anything is too outrageous in our basic
      industries. When I see the analysts up-grade some of the
      commodity stocks, I have to believe they're just playing
      the game they're paid to play. How can anyone who is
      really paying attention believe that our steel producers
      are about to suddenly stumble into "good times"? Or
      the copper producers, or closer to home, the
      electrical products industry? Times don't get much better
      than they are now, and I can remember many years when
      we yearned for the business conditions we have now.
      I'm starting to think that anyone who really
      understands the W&C industry, and invests big time in a big
      hurry, knows about a consolidation possibilty, since any
      other scenario is long term, and no one is going to
      miss the boat, as I did recently when I didn't get
      back in to AMZN in the low 80's.

    • Could it possibly be a portion of the $50m Stock Buy back
      financed in the BICC package?

      Wonder how much will be awarded as " Incentives "?

      Just a thought

    • Like the last several days no action. The price
      drifted to 14 1/4
      bid 14 1/8 lo volume like the last
      several days then bang....
      someone came in the market
      fast and furious and bought 150,000
      shares, drove
      the price to 14 3/4 and didn't seem to care what the
      price was, it was like this guy was meeting some
      deadline and price didn't matter he just had to get them
      bought before the close....ANY IDEAS//DIDN'T SEE THE
      REASON FOR SUCH A RUSH.

    • there are several aspects of the financial
      statements that are confusing. I'm still willing to give BGC
      the benefit of the doubt and let them explain what
      you've seen and what I've talked about re SG&A expenses.
      I sure don't see any synergistic improvements yet,
      and if BGC does, they should break them out and tell
      us unsophisticated, pseudo-analysts about the good
      points. Your points stick out like a sore thumb on the
      financials; almost every expense and asset item is up more
      than sales. If that was intended and expected, and
      non-recurring, fine, but say it. I suppose the anylysts have
      more detailed financials than we see, and they can
      separate the non-recurring expenses from the on-going
      operational expenses, but why hide anything if you have
      something good to say?

    • MSN INVESTOR 8/20 Financial
      Alerts:
      Receivables up significantly more than sales
      Accts.
      payable up significantly more than sales
      Gross profit
      down signif.
      Debt to equity up signif.
      Inventory
      trn-over down signif.
      Qrtrly. return on assets down
      signif.

      CONSENSUS ESTIMATE TREND: 60 DAYS AGO FOR UPCOMING QTR.
      .57
      30 DAYS AGO FOR UPCOMING QTR. .56
      7 DAYS AGO
      FOR UPCOMING QTR. .55

      QUESTION WILL THE SLIDE
      IN ESTIMATES CONTINUE AND PUT MORE
      PRESSURE ON
      FOURTH QTR. TO DELIVER AND PICK UP THE
      CONTINUING
      SLACK OF 3RD QTR.? NO COMPANY RESPONSE TO SLIDE IN
      ESTIMATES,
      WHY NOT ADDRESS THE ISSUES, MAYBE THEN THE VOLATILITY
      WILL GO DOWN? WEAKER DOLLAR, HIGHER COPPER PRICES HOW
      CAN THIS BENEFIT THE COMPANY?

      I'M STILL
      TRYING...RGH

    • I re-read the financials and text and find no
      mention of costs directly related to downsizing.
      Normally, if you incur expenses in closing operations,
      paying-out terminated employees, etc, you take a one-time
      charge against earnings and call it that. Most companies
      don't lump it in with recurring expenses, since it
      tends to make comparisons meaningless later on. In
      BGC's case, I would expect them to separate the costs,
      which should allow themn to show, and brag about, the
      net impact of the downsizing. The best comment I read
      was that their SG&A was up due to the acquisiton, and
      the increase was offset some due to the cost
      reduction. If it's working, they should provide the details,
      since it's a key point in the rationale for the
      acquisition. I think the analysts would really want to know
      how well BGC is doing on the key points. As always,
      time will tell, but it would be in the best interest
      of investors to highlight the items that are
      supposed to contribute to higher EPS. If they're really on
      target, they shoud rent the Goodyear blimp and tell
      everyone.

    • I have no inside information to tell me what the
      exact impact will be on capacity. I'm sure the closures
      will partly be offset by increases in capacity at some
      of their other plants.

      Could they reopen or
      move equipment to other areas? Sure.

      Bottom
      line - The closures will have a real impact, at least
      short term.

      I don't believe the long-term has so
      much to do with the number of building wire plants. I
      think the building wire problem is the global
      recession, and thus very weak demand compared to historical
      numbers. All indications so far are that the worst of this
      cause is over (i.e. we're at the bottom of a
      cycle).

      Also...

      Nufer's estimate is 1.5 years old. There is no doubt he
      backtracked from this. However, take these estimates plus
      BICC acquisition and you get a good idea of how BGC
      will perform once the world economy starts
      rolling.

      BICC acq. is definitely included in analyst estimates.
      Yes, the old GCN business is way down from LY. I
      believe we're at or near the bottom in building
      wire.

      I didn't understand your point about SG&A expenses
      being worse. They just fired a slew of people and
      closed offices from BICC in the 2nd quarter. Wouldn't
      this amount to a full charge in Q2?

    • View More Messages
 
BGC
21.75+0.10(+0.46%)Aug 27 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
TubeMogul, Inc.
NasdaqGSWed, Aug 27, 2014 4:00 PM EDT
Williams-Sonoma Inc.
NYSEWed, Aug 27, 2014 4:01 PM EDT
Burger King Worldwide, Inc.
NYSEWed, Aug 27, 2014 4:00 PM EDT