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Cooper Tire & Rubber Co. Message Board

barry_obummer 9 posts  |  Last Activity: Jun 30, 2014 1:10 PM Member since: Jun 6, 2009
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  • barry_obummer by barry_obummer Jun 30, 2014 1:10 PM Flag

    Only held small position due to risk. They cut dividend 65% from quarterly .0425 to .015. I had a 11.2% gain. But when the news circulates re. divvy cut considering terrorism attacks that gov't. too incompetent to handle and theft losses (up to 30%)- no longer worth holding. Risk worth it for small position at 14+% divvy, but not for new 4.5% divvy. Maybe this cut is just temporary this quarter, but I saw no explanation for cut.

  • barry_obummer by barry_obummer Jun 29, 2014 6:25 PM Flag

    My net dividend was 1.122 per share.
    They deducted .028 for currency conversion. Last dividend they deducted .0262.
    Although the currency conversion fee increased, the dividend was increased by more.
    I am not complaining but I do dislike the fact that we are double charged for conversion fees:
    from US$ reporting to Norwegian per stock exchange requirements and than from Norwegian back to US$ for payment. It is for sure that in addition to the actual currency conversion calculation that the banks are also double charging us to do the math.

  • I do not understand why Adams did this deal. I know he is adverse to paying taxes, but this is too much.
    PR also says transaction to close in Q4 will be taxable to AUXL shareholders.

  • barry_obummer barry_obummer Jun 3, 2014 5:08 PM Flag

    Is there any basis for target of 11.90 shown on yahoo which would be up 208%
    Is anything anticipated that would cause that increase?

    What exactly is dividend?
    Yahoo shows 6.1% (.24) but I read somewhere else that divvy is 8.25% (.32).
    Did SID cut dividend or is yahoo wrong?
    I assume dividend pays one time per year, right?

  • What are implications for MReits like CYS?

    This is why CYS shifted to more 15 year loans and invested excess cash in treasuries.
    There was claim that higher rates (4.5% 30 year) discouraged buyer, which I do not accept as that is historically very low. ARMs with fixed rates for 5-7 years are still very low.

    What are possible gov't. policy and MReit business changes to increase demand?

    Many banks are rejecting borrowers with under 750 credit scores. Fed stopped buying more mortgages, House prices could drop further to stimulate demand. MReits could buy cheap housing for rental income.

  • Reply to

    Book Value Disappointment

    by pace2001 Apr 21, 2014 5:57 PM
    barry_obummer barry_obummer Apr 23, 2014 8:18 PM Flag

    Looks like from a declining trend to 9.24 now a recovering trend back up to 9.68.
    Patience.

  • barry_obummer barry_obummer Apr 20, 2014 5:51 PM Flag

    Not what Gomes said.

    He said poised to join Russell 2000 in June, because it qualifies.
    I do not see this is any guarantee.

  • Reply to

    OK Now I've got the reason why it sold off

    by halabrahams Apr 14, 2014 6:08 PM
    barry_obummer barry_obummer Apr 14, 2014 7:52 PM Flag

    You are fortunate they answered your question- may be because Taiwan company.
    Most US IR departments would have told you they have no idea why it sold off.

  • Reply to

    Partnership

    by bcpiii Apr 11, 2014 12:34 PM
    barry_obummer barry_obummer Apr 14, 2014 7:40 PM Flag

    For a cheap stock like RNN, an RS must be followed by outstanding performance or sufficient excitement to keep the share price from plunging after the RS.

    If not done, the track record for most RS's is for the price to drift back to the price before the RS. For a 1 for 10 RS, that is a 90% haircut for shareholders; for a 1 for 5, 80% haircut for shareholders.

    I can afford to wait until after the RS, wait for a drop, and only then near bottom average down on per unit cost, and then hope for recovery. By then, news may turn it around.
    I successfully navigated RS's at C and CDE; but they do not all work out.

CTB
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