Disney's share price trades (on average) at 100 times of its dividend rate. Therefore, by default....you're looking at a price of $115.
When can this happen? No one can say with any certainty but the overall stock market still looks pretty good so my thought is it's more likely than not.
Slim and none with a stock split. The company to save on postage, pays a dividend once a year due to what's been said here that many owners own less than 10 shares of stock. It makes no sense.
The company continues to repurchase shares and this keeps a floor on its stock price. There is a small (I repeat) a small chance of breaking the company up into pieces. Its been rumored for years but I wouldn't hold my breath.
Hey treene........Pearson's cry of "wolf...wolf" is losing its impact. Used to be that ONVO would drastically go down whenever he spoke. Not anymore. I think those of us who have been in this stock for a long time are no longer intimidated and those who are institutional buyers aren't falling for it either. Bottom line is that there is a floor under this stock that wasn't there before and in the long run, the shorts will cover and we'll have the last laugh......
Take a look at a 3 month chart and include the MACD and you'll see what I see.
Have a great weekend............Phil
Good Morning...........Although I use a different way of calculating things, I'm in general agreement with your assessment.
I use the MACD and the oscillator after being at +47 (overbought), fell below the zero line and is now climbing up back towards it.........while basically staying within a trading range. $10 seems to be short term overhead resistance and now that earnings are out of the way, any positive significant news should cause to move higher.
Good Morning Mr. G.........I'm in complete agreement with your assessment. I tend to use the "KISS System" when it comes to technical analysis but also, include some fundamental analysis too (also using the same KISS system).
I'm guessing that you're using "continuing angle of ascent" and going out 5-6 months? This would (imho) put the stock at a 24-28 dollar range but who's complaining?
If earnings and status quo of the stock's technicals are any indication, this seems like a no brainer but I will watch the volume levels and possibility of a "melt up" whereupon the angle of ascent changes toward a full 90 degrees.
This would indicate it's time to take some profits.
I contacted shareholder services about this very subject a couple of weeks ago. They DO plan on paying a dividend but not right away.
Here's my guess: Board of directors will meet next quarter to review the balance sheet and then determine whether to pay a dividend or not. If could be even the following quarter so my advice is to be patient.
Remember that as a spin off of Starwood (STWD) they are essentially "on their own" now and so once they get a sense of things, they will make the dividend known.
Lastly, don't forget to "reinvest" those dividends unless of course, you need the income from them now.
Anything is possible but I prefer to see the glass as "half full" rather than "half empty"..............Pick your own beverage of choice.
I have a problem with Feuerstein's comment in the second paragraph: "I guess that's why there is still no partnership and probably never will.
With approval comes a partnership...........not the other way around.
Feuerstein's comments are backwards. If YOU were to put up big bucks, wouldn't you do it after an approval (implying a certainty) rather than put up $$$ that approval MIGHT happen?
I don't know about anyone else but that's what I'd do.
Dear "Rad".......I agree TOTALLY. Dr. Mann (imho) is thinking on all three levels here. As a senior citizen myself, I will attempt to interpret Dr. Mann's comment:
Day to Day.........no brainer
Year to Year....this company will take awhile to achieve it's intended purpose
Decades..... When someone puts their "name" on something and at nearly 90 years of age....decades are to be thought of as a LEGACY. His management team is in place, his heirs will profit from his vision..........
Plus, this man (Mann) is putting his money where his mouth is. He doesn't have to does he unless he believes in this so much that he'd rather invest in this idea instead of giving it to charity or to spend it on a yacht or a bigger house.
No........he believes in the idea and feels positive about it.
Just my opinion........Phil
Hey Lando........its been awhile since I've posted to you and I hope all is well. Closing above the $17 resistance would be significant to say the least and I think the low to mid 20s is not at all out of the question.
Another decent size order should propel the stock still higher.
Hey Love, just between us..........take a look at ONVO's daily chart located next to this board, click onto it and then bring up a 3 month chart.
Locate the MACD (which may take a little doing) and notice the oscillator has been in a downtrend from a high of +47 (roughly at $10) to falling below the zero line (also roughly at $10).
The line is starting to creep above the zero line (also roughly at $10). This indicates a BUY signal at or near $10. Please allow for fluctuation in stock price.
In other words...the stock is in consolidation mode and volume is below average. This indicates that the selling is nearly over and accumulation is starting to take place very carefully.
With earnings out of the way, notice as we are both ONVO bulls, that the news releases are more significant that in the past. With any positive info, the stock (imho) is getting ready to POP to at or near its all time high of $13.50.
I'm not too concerned about earnings as we both know this is not an issue right now. Neither is sales or cash burn as we know this is part of a company that is still basically in R & D.
However, (between you and me), it's all about what "guidance" is reported and that seems to be very bright indeed.
One fly in the ointment (at least to me) is why CNBC has only negative comments from their guests while FOX seems to have more positive comments.
I wish that CNBC would take a page from FOX and show both sides of this company.
Best to you as always.........Phil
I don't see it either. A pop to that high a price would cause HUGE selling (including me) and while a little more bullish than you ($75 and perhaps people selling into that price), the analysts see that $80-84 price over the next 12 months. I think though that after this quarter, we should hear some revisions to maybe as high as $90.
Dear "E". I completely agree with you. It doesn't make any sense at all to buy back shares thereby reducing the number of shares outstanding........then have a "split" which INCREASES the number of shares (an oxymoron)
I know you know this already but the mindset here is that this company is a family/kids stock and so I think this is why there is so much buzz about a split (which probably won't happen).
I have heard however, talk about the company paying dividends again on a quarterly rather than a yearly basis. Perhaps and I say ONLY PERHAPS, there may be a one time special dividend somewhere in the future. Who can say?
But I don't think you or I or anyone else is going to stop those who believe in a stock split. In the meantime........we should see a nice "pop" in the stock today after the stellar earning report from yesterday.
Best to you and may you have a profitable year..........Philip
Hopefully, by having a mutual fund buying ONVO (our company), it will finally put to rest, the Pearson's and other bears of the world trying to jawbone the stock down because of their shortsightedness.
I suspect there will be other mutual funds coming on board later this year. Vanguard is already there and perhaps fidelity will come on board too. Another exciting move in the right direction.......