After lowering its winter rates by 15 percent, Uber has hiked up the minimum trip price in New York City by $1 this summer. The fare increase was a nod to drivers upset over the rate slash in January, and time and distance rates will remain the same. Not all Uber drivers are happy with the far increase though. Abdoul Diallo, of the Uber Drivers Network, told the Daily News that the increase was akin to “throwing a dog a bone.”
Corning upgraded to Conviction Buy from Buy
Goldman Sachs analyst Doug Clark upgraded Corning to Conviction Buy saying a glass volume recovery should drive a positive inflection in revenue growth, starting with the company's Q2 earnings report on July 27. The analyst notes his price target of $27 represents 34% upside.
Previous PT was $26
Are you talking about the price your mom charges?
what a snake who sells and then has sellers remorse and tries to talk down a stock. You are truly a deplorable person.
so the Union gets a better raise and some job assignment guarantees, and the company gets to push off health care costs onto the Union. As health care is the largest rising part of future compensation and this applies to retiree care, the company removes a known unknown from their future. This is huge and why the stock is up.
Over time, the company will sell off the landline business so any pay rise is not as important as retiree costs. Over time, the selloff of landline will lower the union headcount. Probably a good deal for both sides but more future costs are on the union
looks like union health costs will be going up. Hard for a company to plan on that and now that unknown expense will be on the workers. In 4 years, after they sell off more landline business, the union will be down to 30K folks
since there are more retirees than current workers, this is actually a huge savings for the company. Hats off to VZ for getting the dummies to take some meager raise and then get screwed when they retire.
Dow Corning $4.8B transaction complete and company will increase capital return from $10B to $12.5B. so essentially 1/2 the Dow Corning money will be given back to shareholders
This should move higher and should be at least $25
I think it's because he is near death
After his latest barrage, I put him on ignore, so as far as I am concerned, he is dead already
VZ will continue to sell off landline and tower business and Union will hold even less power next time around. So who really "won"?
look at the progression of the Union headcount over the past 5-10-20 years. It's been downward and VZ has been selling off those money losing businesses
keep in mind that assumes the stock is stagnant. Yes, it will impact EPS, but the street cares more about revenue growth. How does buying back a non-performing asset grow the company?
CEO states: Our plan remains to invest approximately $10 billion in growth and sustained leadership. But we’re increasing the lower bound on shareholder distributions to $12.5 billion, up from more than $10 billion previously. In rough terms, our repurchase activity should result in us buying back about half of our current market capitalization, which benefits shareholders by significantly leveraging the future value of our growth.
was asked: if you're buying back 50% of your market cap is a good idea why not go private?
We've talked about it but what we really want to make sure that we are doing is to be able to support the growth platforms that we have long term. Our investors that have been with us to help us build our big glass businesses now deserve a reward for those businesses as they sort to hit maturity to get the benefit of all that cash flow. So the double digit increase in our dividends for share and that we're going to opportunistically repurchase the shares of the company. Our purpose is not to create a highly leveraged sanity. We're going to do all this and still maintain investment grade because we think when you do tech for a living it’s probably not a good idea to add financial leverage to the inherent technical and operating leverage is of our approach. So that's the way we think about it. We think that people want to go for the ride with us to the next round of disruptive innovations ought to be able to reap the rewards and those that won -- don't want to, we're buying every day, would be glad to take the shares off of you at this price.
Things really looked bright from the CEOs standpoint. Auto glass, fiber, life sciences, environmental, OLEDs all have giant opportunities for the company. I am actually thinking of buying more.
sold $100M of bank securities at a premium. So much for needing more money...
Also, NYC June transfers in. 5 foreclosures at $525K - $610K. 1 non-foreclosure at $600K and 1 at $575K. What was last qtr ($580K and $520K)? 1 corporate transfer at $545K (2 at 50%). So prices are UP and company is now well capitalized
well GS initiated coverage in Feb with a $26 PT and Buy rating. So they essentially doubled down by upgrading to a Conviction Buy and uping the PT to $27. That PT seems reasonable for a 12 month target
so after expenses you made $20/hr? Big whoop. don't forget your half of FICA or another $1.50 off the top bringing your true net to $18.50. Min wage is $15 in many places now. Thanks for proving our point that Uber drivers make almost nothing.