Wait a little longer and you can get it under 4, This is a looser just like LU AGERE and ALU. Soon this stock will spilt 1 for 5.
Dividend was dropped from .06 to .03 to .01 and now to .002, It's almost nothing now.
I really don't know but she knew the amount of shares I have. She also told me our conversation was being recorded. The part I did not understand is that she did not seem to know what broker they were at. I have a substantial amount of shares.
I was also called on Saturday. I don't know who it was. The person informed me that she knew I had shares at a broker and asked if I would tender them. I said I did not and missed the deadline. She hung up. Have no idea who it was that called.
Another 27 million shares are being issued to retire bonds. Read it yourself. Don't say it's a good thing because the debt is NOT being repaid. The shares are being diluted with another 27 Million shares.
I need to tell you that I have never shorted Any stock. I invested in this for income. I have 7000 shares at an average price of 21.19. As far as learning, I'm always learning-even after investing for 49 years now your right young one. It is still bad for a stock to become diluted, more dividends to pay, more earnings needed. This leads to issuance of more stock to pay the next dividend OR they will have to stop the dividend. Don't say they won't because they already CUT it to 7.3 US cents from what .24? By the way I started following this stock in 2003 when it was not trading on the NYX.
Wake up. This is a Pontzi scheme. Sell more stock to pay the dividend. Issue another 50 mil next year and the year after then 100 mil a year. Companies must earn the dividend before paying it, not just issue more stock and compensation for the execs. I am long and regretting it.
original stock for comp issued in 2010 is 1.5 mil, now raised to 3.3 mil. That's besides another 660,000 added now for stock comp.
I do not short stocks Ever. I am not a day trader. Check the new issued stock yourself, it's there. I have been burned by share dilution too often. Maybe someone will take note and use the info.
The price of their feedstock is less when oil prices are down, the transportation costs Should be down. These would be good points. The bad is they may be in long term contracts for all of this. They may also have contracts that sets the product prices on the feed costs. No nothing for drillers. Beware their new competition Lone Star LLC
I have bought and sold this in fairly large amounts. 10-30K shares at a time Over the last two years. I have checked on the share dilution. It is now an overpriced stock at $4.00. Be careful with this one. I am now out and plan to stay out.
Sentiment: Strong Sell
Not all bad news is out. U S Steel announced it is shutting down the coke plant in Gary. This is a disaster for Koppers. It was a large crude feed supplier. Now what?
I believe that by the time the stock hits $29 all shorts will be covered.
I see a problem here. Good earnings, stock at 25% of what it was, No dividends, no debt reduction. Where has all the money gone? I owned this and disposed of it. Very glad I did.
Sentiment: Strong Sell
I am not negative about this selling. Now I wonder if by terminating this plan he is free to sell much larger amounts.