Thu, Dec 25, 2014, 9:06 PM EST - U.S. Markets closed for Christmas

Recent

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

Promotora de Informaciones, S.A Message Board

  • gladysz gladysz Oct 4, 2013 2:02 PM Flag

    distribution, PRIS

    About one year ago all PRIS-B holders received a distribution of PRIS. Today I received a 700 share distribution of PRIS. Anyone know what is going on? It is very hard to get information on either of these equities.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • PRIS announced a restructuring--I think it was in July '12--whereby they, their debt-holders and the preferred holders agreed that the cash cumulative preferred dividend, which supported the higher stock price, was to be replaced by a dividend in the common stock of PRIS. This "recapitalization" helped save the company from bankruptcy at the time, and is the reason the preferred continues to sell at a premium. Please see the releases from that time-frame for more details.

    • update: pursuant to this distribution, my Fidelity account showed a "$100 fee charged" on 08 October. Anyone else with this experience?

    • Very similar story with me. Just received 875 shares @ $2.148. Better than nothing...but I'm still massively underwater with this loser. There have been some stories about them spinning off assets to pay off debt using a Payment In Kind approach, but I haven't heard if this is happening. This thing seems like a black box.

      • 1 Reply to troy.torrison
      • My total (misguided) investments of $20,000 (in a traditional IRA no less) are now worth just a little over $10,000. I averaged down for a while, and then just gave up. Still, I'm glad I have held, with the recent uptick and surprise distributions I've just about doubled off the low. I see about a 33% chance that in another two years I could be even.

        My original investment was motivated by an article in Forbes. Clearly not enough due diligence.

 
PRIS-B
2.280.00(0.00%)Jul 14 4:00 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.
Yahoo! Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Noble Energy, Inc.
NYSEWed, Dec 24, 2014 2:48 PM EST