We may be describing the same thing? That's why I said the determining factor is cash flow rather than net income.
It doesn't work that way. This is an MLP, they pay a quarterly distribution of cash flow, not a dividend in the normal sense of the word. They pass through to shareholders the net cash they acquire from operations.
Yuk, the buyback will be a huge waste of precious resources and shareholder value. Cash is king, especially when your company is in disarray!
Search "distribution history CVR Refining" on Google and click on the first couple of results (it will be Nasdaq and the CVR website). BTW this internets thingy has been around for awhile, you shouldn't need our help now lazy bones.
Sentiment: Strong Buy
Listen buddy, there are a huge number of factors that influence a stock's price on any given day. Expecting a consistent one-to-one correlation with a couple of macro statistics is woefully naive. Just make your investment and give it time to perform.
That may be the case, but if you think like Buffett, you'll view this as an irrational mispricing of the stocks, and apply his motto of "buy when others are fearful, sell when others are greedy." In the energy patch it's currently the "depressive" phase of the market's manic-depressive mood swings, as Warren would say.
Funny, I always wanted to invest in Skechers when the stock was dirt cheap, but every pair of their shoes I tried on was literally painful to wear, so I unfortunately passed on the stock. Who knew?!
You are correct, but here is the statement from CVR's website, which if one trusts the board (which I do) amounts to roughly the same outcome:
It is currently the policy of the Board of Directors of the general partner of CVR Refining to distribute all of the available cash we generate each quarter, as determined by the Board of Directors.
We generally intend to pay our distributions within 60 days after the end of each quarter to unitholders of record on the applicable record date. However, as described in our public filings, the Board of Directors of the general partner of CVR Refining reserves the right to change the distribution policy at any time, and the partnership agreement which governs CVR Refining does not require the partnership to make distributions at all.
Please contact our Investor Relations department for more information.
These things go in cycles. Copper and all the other Freeport products will always be in demand. IMO we are in the "buy low" trough of the cycle right now. Make Graham, Fisher and Lynch happy and take a stake!