Judging by a tepid tape, it seems the "market" has little interest in the fact that the BGCP ex-date is well nigh upon us and whose indifference [disdain?] is saying an 8.3% yield is chicken feed. There must be a flaw in my research and opinion. I humbly request and would appreciate the names and ticker symbols of all those companies out there with superior prospects. Ed
While I feel the dividend is stable I think the market is saying the proof is in the pudding it has a show me attitude. They have quite a bit of work to do in regards to improving their profitability.
They have said that the 2nd qt is more so then the first (they have lowered quidance already for the second qt) and the 4th is the most profitable. I'm hoping that they can give us at least an upside surprise maybe when they update guidance for the second quater and give the stock a goose and get it trending in the right direction instead of just straight sideways. You'd think it was being bought out at its current price
They also need to cut back on their compensation,particularly in regards to issuance which has been out of control at least they seem to be willing to address it now. Buy backs make little sence when you're pumping out additional shares they have to realize that .