It seems to me that Rhone has too much invested in ZQK to quit and run. Especially after the very expensive
10% financing just finished. No buyers would have been found for the bonds I think if the sense had been that
the business was about to see its demise. Sales continue to be in the multi-billions and I get the impression that Mooney et al are firmly trying to get the enterprise to a profitable basis. Yet improvement needs to take place soon notwithstanding the comments in the annual report that it may take some years. While I agree that there needs to be some incentive, I think ZQK pays its people way too much.
My view is who would want it? As a long time stockholder/watcher, I see little or no growth prospects for a retail
bank in this two-state border area. The dividend has been good all along, but a continued decrease in earnings
would put it in jeopardy. Would be delighted in a takeover (of any type) but I disappointingly see no chance of that. Stockholders probably would be better served by the selection of a local person as president and the continued stability of the whole enterprise.
Does anyone see SMMF finally getting its act together as we go into 2014? I notice that SMMF traded at double figures ($10.00) today interday. I also read that one insider continually buying shares, time after time.
I would think that with its heavy debt burden and prefrerred stock liabilities, profits would be very slow in coming.
Do you think a letter writing campaign for an increased dividend, if successful, would add some life to FULT's
price? Nothing seems to work here with the price unmovable in the $12 range. When FULT was yielding over 3%, it was praised (remember the Forbes artcile). Yet, it is clear that bank stocks have no future so shareholder pleas will be unyeilding.
At the current lofty price, I believe that some sort of stock dividend may be in the offing. Along with that, a slight cash dividend increase may be doable.
Sam, despite the nay-sayers, you have plenty of company. I have waited also.
Agree. Despite the hype about the 3% return and buying by insiders, this stock is going nowhere. Unable to hold even the slightest of gains. Only hope is an increased dividend.
Puzzlingly, but maybe not, DHR price reaching 52-week highs despite the "exhorbitant goodwill number" mentioned above. I do remember that when DHR sells a business, it does get that goodwill money back in the selling price.