Could there possibly be any more bottom feeding, #$%$ sucking, ambulance chasing lawyers trying to shake the money tree at HCP ? These people are the lowest of the low, even below Congressmen.
George W Bush, the man that crashed the economy and blew up the Mideast, getting us involved in 2 wars in the process. When the stock market crashed, economists stated it would take a decade for the US economy to recover. Our war in Afganistan was started to get Osama Bin Ladin, a man later found, under President Obama, to be hiding in Pakistan. We invaded the wrong country ! We invaded Iraq to get the "weapons of mass destruction". Turns out the intelligence was "made up" and we had no justification for invading Iraq. George W Bush should be brought up on charges of being a War Criminal and just being too stupid to be President. Why not place blame where it belongs ?
I see you're at it again. Blaming Obama for your lousy portfolio management skills. No sense of personal responsibility. Let's just blame someone else, its easier than taking responsibility for your own actions..
The plan is to divest non core business and pay off debt and buyback stock. WY stock is up almost 50% in the last 6 months. That's not a bad return on your investment.
It seems that WY has a business plan for the future and a strategic vision that's its pursuing. WY seems to know what its doing and executing this plan very well. I think WY is a good LONG TERM buy and hold. Almost in the category of a grandchildren stock. A stock you buy and leave to your grandchildren.
FYI - Yahoo lists the dividend at 10 times that actual rate. BPT actually paid $0.07/share dividend last quarter or $0.28 per year. Not the $2.80/share annual rate that Yahoo shows.
The play is to buy the preferreds at $15 with a face value of $100. If they file BK, they will have enough to pay off the preferreds, not sure about how much will end up for common.
Oil trades on the futures market and is currently trading July futures. On June 15th we switch over to August futures. That's the month that refiners begin maintenance and shutdowns for product switch overs. Its refiners that buy crude oil. Anyone buying oil related stocks right now is "buying high so they can sell low" in a few months. If you haven't bought BPT yet, you missed this oil price cycle and should wait until October when refiners are ramping up for the heating season.
ISHC has far more in assets than they have in debt. Their problem is cash on hand, liquidity. That said, BK is probably in the cards, as a vehicle to work through their debt.
There is no mandatory conversion option on the Preferreds. ISH can offer to convert but the owner of the Preferreds makes the decision. Also, Common stock owners get nothing until the Preferred shareholders are made whole.
I believe that a lot of their debt was from Mobile area banks and when they moved out of Mobile, laying off hundreds, they burned that bridge pretty good. Hence, less than friendly bankers are now laying waste to the company.
In what world is the HQ in a hot area, other than the climate. There's a reason that New Orleans gave ISH such a deal to move their HQ. Nobody else would locate in New Orleans. Right now, the banks are in the process of castrating ISH, sucking every nickel they can out of the corpse. When the bankers are done, than ISH goes BK.
Or, take the last quarters dividend and multiply it by 4 to arrive at an annual amount. $0.07 X 4 = $0.28, divided by $14.00 price = 2% return on investment for one year. Its all about the net price for the oil.
I hope Zacks is right but their track record is horrible. They had Linn Energy as a buy right up to the day they filed for BK.