Read the stats on this company and there were so many red flags it was unbelievable that they could sell shares in this POS. China usually doctors the books but if this is what they look like after they cook them I am definitely not a buyer.
Sentiment: Strong Sell
The day rate on all rigs have been falling. We'll find out how much that hurt this qtr on the 25th. Next qtr is the one that will be hurt the most, unless things change (but they always do).
I believe oil is, and will always be, important. My oil investment choice was National Oilwell Varco (NOV). They do everything for all the drillers. So whether the end choice is land, sea or really deep water, I don;t care. NOV services them all.
corky was right about the special dividend. But they also have a stock buyback program and if the management did this correctly they should have started using it THAT day. It is recovering slowly, but if they keep buying on wealness they will keep buying at these lower levels.
Still liking it at $35? Hope you didn't buy too much. I have a friend who also bought this at about where you got in. And I tried to convince him not to.using much the same logic as the SA article. "Why would anybody drill in deep water when you can frac on dry land at a fraction of the cost." And also "They are spending more than they are earning, that is unsustainable". I see SDRL at $20 before this is over (and it has just begun. Sorry bulls. Take your losses like a man or get panted.
Who cares about past charts? Look at the future and after the earnings call it will be a problem. "The history does not indicate future etc etc"
Bet you feel pretty stupid right now! You should, you missed out o a LOT of money!
Sentiment: Strong Sell
The CEO owns a lot of stock and he will pay himself next year for tax reasons.
7:03 am Buckle announces a $1.20/share special cash dividend and a 10% increase in regular quarterly dividend to $0.22/share (BKE) : Co announced that at its quarterly meeting of the Board of Directors, held on December 9, 2013, the Board authorized a $1.20 per share special cash dividend to be paid to shareholders of record at the close of business on January 15, 2014.
The Board also authorized a $0.22 per share quarterly dividend to be paid to shareholders of record at the close of business on January 15, 2014. This represents an increase of $0.02 per share, or 10%, in the Co's regular quarterly dividend rate.
Both the $1.20 per share special cash dividend and the $0.22 per share regular quarterly dividend are payable on January 27, 2014 and will be paid together.
A $5.52 dividend went XD on 12/6. Was a bit of concern when I saw it this AM and the dividend was usually much lower. Still works out to a small gain instead of the huge loss I thought this was at first look.
Not going to happen this year, business has been rough or haven't you been following? If there is a small special div it will be paid early next year, not this year.