Stock Repurchase Program
"During the third quarter of fiscal year 2015, the Company repurchased approximately 157,000 shares of its common stock, at an average price of $84.69, for a total of $13.3 million under its stock repurchase program. As of December 31, 2014, the Company had $66.0 million authorized repurchase funds remaining under its $200.0 million stock repurchase program announced in July 2012. Depending on market conditions and other factors, such repurchases may be commenced or suspended at any time without prior notice."
Good job management-keep over paying for your stock that earns 90% of its earnings in the Dec quarter and never pays a dividend. Why not pay 17 times earnings? Maybe with a little luck they'll be issuing new shares after a bad year next year under $40/share.
Have you noticed that both RAI and LO both pay the same monthly dividend and that historically they both raise it in February? What will they do this year?
I'll go with a raise to $.64/share/quarter.
Apple® today announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The Company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compare to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue.
AAPL is a $$$$ making machine. Amazing!
GOOG issues new shares and pays no dividend and it doesn't do share buybacks, so I'll take GOOG. But AAPL has a huge lead and it wouldn't take much to put them over the top ,but they do pay dividends and buy back massive amounts of stock both good for shareholders but not for the race to $1 trillion.
Good year to be in LO- at least so far.
Currently long the stock and short call options between 65 and 70.
As Notso has pointed out-PM will have some currency issues for some time. I would not be surprised to see it in the 70s in the near future. Regardless, I believe the dividend is secure and eventually the dollar will again fall against other currencies due to our massive defense bill.
"DALLAS--(BUSINESS WIRE)--Jan. 26, 2015-- Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its Board of Directors has approved a $0.02 increase in its quarterly distribution to $0.995 per ETP common unit ($3.98 annualized) for the quarter ended December 31, 2014.
The quarterly distribution of $0.995 represents a distribution increase of $0.30 per common unit on an annualized basis, or 8.2%, compared to the fourth quarter of 2013 and represents an annualized distribution increase of $0.08 per common unit compared to the third quarter of 2014. This marks the sixth consecutive quarter that ETP has raised its distribution. The cash distribution will be paid on February 13, 2015 to unitholders of record as of the close of business on February 6, 2015.
ETP expects to release earnings for the fourth quarter of 2014 on Wednesday, February 18, 2015, after the market closes. ETP and Energy Transfer Equity, L.P. (NYSE: ETE), which owns the general partner of ETP, will conduct a joint conference call on Thursday, February 19, 2015 at 8:00 a.m. Central Time to discuss their quarterly results. The conference call will be broadcast live via an internet web cast, which can be accessed through www.energytransfer.com. The call will also be available for replay on Energy Transfer’s web site for a limited time."
DALLAS--(BUSINESS WIRE)--Jan. 26, 2015-- Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its Board of Directors has approved a $0.02 increase in its quarterly distribution to $0.995 per ETP common unit ($3.98 annualized) for the quarter ended December 31, 2014
Any opinions? Is it a safe investment for an IRA?
In two of my IRAs and Grandma's account I purchased more STX between 57 and 58 and I also sold put options against it in my IRA and Farm account.
The dividend and stock have both doubled in the last three years. They're a cash cow which they use to buy back shares.
"third Quarter Earnings Announcement Expected: DECK has confirmed that earnings will be announced 01/29/2015. With 22 analysts covering DECK, the consensus EPS estimate is $4.53, and the high and low estimates are $4.83 and $4.45, respectively.
Expected Timing: After close"
If you take away their UGG's division there's mutton left.
Along with her Grandmother, we added $1500 to her account today and bought her three ETFs; SCHD, SCHV and SCHX. They're all Charles Schwab ETFs that charge very low management fees and zero commissions on both buys and sells.
Here's her current portfolio which is now worth about $2210.---66.6% is in the ETFs--SCHD 14 shares, SCHV 10 shares , SCHX 10 shares, AIG 4.7%, IBM 7.3%, KO 6.1%, LO 9.5% and PM 4% with the balance which is under 2% in cash.
I placed a $10 bet on them to win the National Championship after their AZ loss and before the UCLA game and was given 35 to one odds. Last year I picked three teams one of them being FSU which paid me double digit odds.
And yes I also had Dallas at 20 to 1 so I lost that one as well but it makes the season much more enjoyable.
Even if she were to be put in a rest home, even with a 50% market correction, she should have enough to live on for 5 years and she'll be lucky to survive another 2. Her most recent illness was Pneumonia and the Doctors prepared her and the family for the worst and that's not the first time we've heard that speech.
All her assets are in a trust so they'll all be passed on to her children. So one could argue that the assets are invested not only for her but her family.
Tax efficient investing and income are her primary concerns which she achieves through equities via dividends and long term capital gains, both of which are federally tax free in her tax bracket. She's not concerned about the ups and downs of the market because she's not going to be around much longer.
I manage 80% of her assets and it's 90% equities, 9% CDs and the balance in cash. This account only supplies her with 40% of her income needs so her other account is invested in an income mutual fund which is slowly being liquidated and should last another 5 plus years assuming zero growth.
Just to stay even she only needs to earn 5% on her assets and over half this amount is already being generated via tax free dividends.
She doubled her position of PB this morning which lowers her per share cost to 40.67/share.
It now makes up about 1.85% of her portfolio.