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Covidien plc Message Board

richardleeds 2 posts  |  Last Activity: Jul 6, 2016 7:52 PM Member since: Apr 1, 1999
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  • Reply to

    new day

    by saacoo3 Jun 30, 2016 4:29 PM
    richardleeds richardleeds Jul 6, 2016 7:52 PM Flag

    rather than ride it down further you should consider selling before they have to reduce the dividend which is what the price of the equity is indicating. I think this could fall 10-20% if/when the dividend is cut.

  • Reply to

    Alarming trend

    by jjpcat May 5, 2016 8:27 PM
    richardleeds richardleeds Jun 28, 2016 6:27 PM Flag

    A large percentage of their stores are in California and California is going to raise the minimum wage to $15 an hour over the next 5 years. Labor costs are going to go up every year and Amazon keeps cutting into retailers by offering more and more goods. I just think retail is a bad sector.