and I'm finally only about $8 bucks away from break even. Bought around 2000 or 2001 at $42. At the top of my list of worst investments I've ever made. Great company, horrible investment.
Not maybe. Of course they can. They already printed 21 Billion, whats the big deal to make it 22 Billion? Its only ink & paper.
This will trade sideways for at least a year. First earnings miss in 5 years. Cracks are appearing. Where there's smoke, there's fire.
I think it is simply trading ex-dividend. They just paid .46 per share, so buying today at $11.60 is equivalent to buying a few days ago at $12.06, no big bargain
32 billion in debt, 5 billion market cap & 1 billion cash. Ray Charles can see bankruptcy is the best option!
Example: If on April 6th you have 200 shares UA selling at $80 , the next day you will have 100 shares UA valued at $40 & 100 shares UA.C at $40
As far as I know it works like a 2:1 split or it basically is a 2:1 split with your new shares being Class "C", non-voting, but paying a dividend. The new shares will trade under a different ticker, "UA.C"
Agreed…..Great company, horrible investment. It got in at $42. about 16 years ago. Now trading at $28 with no splits. I hope to get even in another 15 years. At that point, 30 years just to get even. Sure a dividends, but PFE is about my worst investment. Not trying to hurt anyones feelings here, just stating the facts.
This may be true, but I can guarantee many, many producers who are cutting production and no longer need the pipeline capacity will be running to the midstream MLP's to cut new deals saying: "if you don't renegotiate, we'll be pushed into bankruptcy & void our contracts" And this wave of customers will force Midstream co's to the bargaining table.
Yes, you are correct. This is not a secret. Over 80% of options expire worthless, so yes, the person selling the option almost always wins, retaining the premium. Even if your shares are called away, you made your premium, just not all the upside, but a profit nonetheless.