Wow, you cannot even recognize it when someone posts (yes, repeatedly) a PARODY of Yahoo! message board posts.
You need to go back and re-read your old copies of Mad Magazine to recognize what a parody is.
Could you elaborate on those sentiments, valuebuy?
I am a very experienced investor, but I am certainly a "newbie" here and I am quite busy (aren't we all at this time of year)...ok, I'm lazy. So, I am uncertain about the reference to "junks" and the commons being screwed.
Also, is management THAT opposed to dividends that it is out of the question? I mean, I guess share buybacks would be ok, but it sounds as if you think they might want/need to deleverage.
BTW, I am a bit underwater in my initial purchase of a fractional position size and just sold some Jan 10 puts that would let me accumulate some additional shares of the stock declines further.
It started after the previously-noted Bloomberg article noting that
Eulav is having success gathering assets in at least one mutual
fund using distribution channels that they have not previously
Try searching the ticker within the Bloomberg web site.The article ran
The first pop in the stock was a week before that. That would be
when the company had gained intelligence that Bloomberg was
working on a positive article.
After the article ran, the stock continued moving sideways as
overhead supply was absorbed. Finally, the supply was finished
and it popped, as a stock with little float and a big short interest
I think the company could easily decide to pay a 10 cent per share quarterly dividend.
In my view taht would put a floor on the stock at about $10 (4% yield).
Well, one thing to take into consideration is that there is a lot of "supply" of shares for sale as Energy Transfer Partners (ETP) continues to liquidate its significant position in the company via periodic secondary offerings.
The 10-K lists Goodwill as $429 million, and an additional $62 million of other intangible assets, making a total of $491 million of intangible assets.
With $914 million of shareholder's equity, this makes tangible shareholder's equity $423 million.
If we call it 52 million shares outstanding, tangible book value per share is a tad over $8/share.
From my perspective, that's the downside here.
Steady as she goes.
eps for the quarter 16 cents vs 16 cents
Just enough to pay the quarterly dividend.
Saw a story on Bloomberg that they were making progress on gathering assets in one of the mutual funds.
If so, then there is potential to stretch this out.
Nothing so effectively puts off failure like success.
CORRECTION: That's 10% growth in CRUDE OIL production.
Natural gas production will decline again (a result of a lack of investment in gas drilling), so
overall production will be up but only mid- to low single digits.
Sorry for the confusion.
I completely forgot that they havve a conference call scheduled for 11am this a.m. to give
Looks like they expect 10% production growth in 2014 with capex in the range of $2.8-$3.1 billion,
about 13% below the 2013 capex figure.
That should allow CVE to start generating some better cash flow with more coming in and less going out.
Not worried about this name in any case.
The ex-dividend of 24.2 cents per share yesterday is a 3.4% dividend yield at a price of $28.50.
I expect at least a 10% dividend increase, which would bring that yield to a juicy 3.75%,
with more dividend increases to come.
Plus, at these levels, share repurchases become accretive pretty quickly.
Faltering, not faultering
China is NOT buying treasuries hand over fist.
They are not concerned about deflation
Gold is falling because QE is closer to ending than beginning
You lost your #$%$? You must not have bought low.
Remember: Buy low, sell high.
Right now it is clearly low.
Yes, they have lost $$$ on gold inventory, but so what?
The real issue is that their lending business may get regulated by the new
Consumer Protection Financial Bureau, an unaccountable new federal
Shareholder's equity is over $900 million and market cap is around $550 million.
They don;t even appear to have any goodwill to write off.
Of course, they can write off the UK stake of 30%, and will.
it just isn't that big a deal.
Good luck with that short.
If you think an industry as old as pawn shops is going to go away, you're nuts.
Down $1 from yesterday's level is uncharacteristically volatile trading,
even when taking into account that we were ex-dividend the 24.2 cents per share this morning.
Anyone have a clue what happened?
Do you really think women and teenage girls will stop going to stores and malls?
And that teenage boys will stop following them there?
And that people will start buying mattresses online without testing them?
Also, refer to today's WSJ article about stores becoming shipping points for internet deliveries as a way to maximize the productivity and inventory management of their store bases.
Yes, the Sterne Agee downgrade with a target price of $12 (previously $15.50) seems to be behind the move.
However, given that the 10-K was filed also, it is possible there is a "stinky nugget" hidden in there, but I haven't seen it written up anywhere.
The uncertainty about Albemarle & Bond in the UK (EZPW owns 30% of their equity) also may be having an impact.