tom4848, just referring to news articles from the Law offices of David Yerushalmi alleging that they have big judgments against Bell and Staton... and possibly more on the way. As a shareholder of arr, it #$%$ me off, if true.
Wheeler's proposals are what goog supported, especially the reclassification of ISPs as utilities. As I understand, goog was delayed in Austin over battles to use public easements, ie poles and such, controlled by ATT. Anything that allows goog to move quickly will benefit clfd. imo. even if it just means ramping up competition.
I don't disagree with your thoughts, but happy they did something to defend against massive shorts. Hopefully 2015 3rd qtr will give strength.
In December, they bought 14,407 shares at an average price of $11.81...maybe that is the bottom pps.
I am surprised about your increase in expenses. Maybe you trade in your Mercedes for a ford focus.
Seriously, the best to you and your wife.
most people don't make automobiles. But they know how to spell "car." Did they teach you spelling in law school? just say "cert"... yer busted.
tradergirl.. it is hard to call anyone the "best" in the bizz, but he is right up there. He could have turned down the case and/or demanded cash, but it is intriguing to wonder why he took the case on a "contingency", meaning he gets paid IF vrng wins...and loses if they lose. (I think he got a bit of up front cash also). Lawyers will usually take on contingency cases if they believe they can win or at least have a good chance of a big windfall.
Yes, I have owned it for 25 years, never missed a dividend. It is the cornerstone of my retirement profile. If you keep your eyes off the PPS, you will do fine. I do keep a portion of my stash for trading, however (just once a year or so). I try to sell near 11s and buy back in the 9s. It does have ups and downs but thru a slow process, but it's kind of fun. If you can time it right, you can pick up a little more profit in appreciation. I have been lucky so far.
They sponsored a damn good golf tourney...Franklin Templeton Shootout, Dec 8th thru 13th. winners collected about $800,000. Really, how does this benefit shareholders? These guys are merely asset collectors.
I note short interest has decreased by about 320,000 shares since announcement of the buy back.
Maybe it's a realization by shorts that the company intends to hold a line for the share price, thereby limiting further or potential short profits.
springer...please keep us posted on the day to day gains and losses of Roth's last 5K purchase. Keep us posted on your short posture also.
bengstonsteve....The buy back might happen, but they are under no obligation to do so. We will see next week whether any shorts are scared, but i doubt it. Also, the buy back is good (if it happens) as long as they do not dilute shares with option grants. The share total has grown considerably, maybe 10%, in the last few years. The 8m would have provided a nice dividend for investors, say 10 pennies per share, over the next 6 years, if they had been interested in rewarding the stockholders... AND I would have loved to get those dividends paid by the shorts.
Yes, red_sox, you are right, it can be argued both ways. My thought was to give the shareholders a little bit of that 33m. Instead, they claim a buy back program, (if and when clfd feels like it) and certainly will continue dilution. That was a BS PR, timed conveniently to make us feel good. Anticipation of a buy back is not the same as cash in a shareholder pocket, just ask the shorts who are having a very good day.
toot...i don't think the 8-day turnaround is correct. Where did you get that info? I thought it was around 30 to 60 days, depending on the customer's requirements/demands.