I think that the recent rapid drop in the stock price is largely unrelated to the IRS issue. The potential change in the rules was announced months ago and the stock price dropped upon release of that news. Also a 10 year phase-in period would mean the impact of any rule change would be very gradual. The stock price appeared to factor all of this in at the time that news broke, so this latest move down is likely due to different factors, possibly continuing deterioration of the health of the US steel industry and associated implications on coke contracts.
It's all relative... Victoria BC presently dumps about 10% of the temporary Montreal flow into the ocean 365 days a year. Less than a decade ago, Halifax NS dumped raw sewage into their harbour at ~20% of the Montreal flow, again, 365 days a year. Of course, up until the 80's Montreal dumped that ~1B litres/day into the St-Lawrence river daily, also 365 days a year.
@For two and a half centuries prior to this project, raw sewage was discharged untreated directly into Halifax Harbour. The harbour waters have been the recipient of approximately 200 million litres of untreated raw sewage every day, enough to fill 25 Olympic-size swimming pools. Shellfish harvesting from the harbour and swimming within the harbour have been prohibited for health reasons.
@Victoria Proud of Pollution According to many environmentalists, however, the worst offender in the Canadian landscape is Victoria, the picturesque provincial capital of British Columbia. Not only does Victoria pump its raw sewage directly into the Strait of Juan de Fuca, an arm of the Pacific Ocean, but city officials also claim they are doing the right and responsible thing for their community and the environment. They see no reason to change.
Who needs pipelines like KXL anyway.. just ship it by rail and barge
@And then there are the boats. Stringham said oilsands oil makes its way to the Mississippi River by rail or other pipelines, and is then loaded onto a barge. The U.S. railway system is well connected to the barge stations along the river. There is one such transfer station in St. Louis, owned by Gateway Terminals, that has a direct connection to CN Rail's network. It recently upgraded its boilers to heat bitumen when it arrives by train, so that it can be transferred into tanks and eventually make its way to refineries along the Gulf Coast.It's like a game of whack-a-mole: One access point is knocked down, others pop up
Yeah sure, like USA is going to Mars in the foreseeable future. A Reality TV mission like MarsOne will get there long before NASA does.
@Looking for an out-of-this-world job? NASA's hiring their next crop of astronauts and will be accepting applications as of next month. The American space organization announced the job openings last week, saying they will need new astronauts in order to resume their space launches and prepare for NASA's Mars mission.
Does NKE sell boots and coats? Warmer weather should drive higher sales of sneakers, light jackets, and T-shirts over fall/winter boots and coats.
@Retailers Are Overstocked A myriad of problems are hitting the sector, analysts say. Unusually warm weather in September and October may well have caused inventory problems for other department stores and for retailers trying to sell seasonal goods like coats and boots. Macquarie Capital analyst Laurent Vasilescu says inventory buildup from warm weather is impacting wholesalers as well.
Yup this stock is pretty much off the radar. I've been long a couple of years and I like what I see. 2016 is shaping up to be a solid year for ECI.TO.
@Unit Growth Surpasses Attrition in the Third Quarter of 2015 Enercare and Enercare Solutions are pleased to announce that for the first time since the third quarter of 2007, rental unit growth surpassed attrition*. In the third quarter of 2015, there were approximately 8,600 rental water heaters, furnaces, air conditions and other HVAC units added versus approximately 7,300 units lost. The 1,300 net unit growth is the strongest organic growth in the rental portfolio since 2005. Attrition decreased in the third quarter of 2015 over the same period in 2014 by approximately 3,900 units or 35% and by approximately 2,200 units or 23% over the second quarter of 2015. Attrition has improved year-over-year since 2009.
Yuck. Osram is struggling. CREE is struggling.
@Osram Licht AG shares fell the most since a spinoff from Siemens AG more than two years ago after analysts said the lighting company’s outlook for 2016 was worse than they expected. Comparable revenue will decline next year, while adjusted earnings will suffer from increased spending on research and development, Munich-based Osram said in a statement released after markets closed on Tuesday. The company expects to pay a dividend of at least 90 euro cents per share, the amount issued this year. The outlook for 2016 was “much lower than consensus,” London-based Morgan Stanley analyst Lucie Carrier wrote in a note to clients, adding that adjusted earnings before interest, taxes and amortization could fall 35 percent next year. The shares fell 28 percent by the close in Frankfurt, the most on record, to a 10-month low of 37 euros. That values Osram at about 3.9 billion euros.
As you stated, this is narrowly traded, and those 'in the know' have a difficult time to find enough buyers to offload their stock to. It could be that there were simply not enough buyers stepping up to run the traded volume above 400K units. If this action repeats again in the next few days, there is likely substantial information driving the selling, even if retail does not yet know what that information is.
Regarding your earlier comment that 'Take-or-pay contracts are sound but if should one fail there are other buyers for the coke. ' I would say that yes, in general there are buyers of goods if the price is low enough, but that could mean a drop in profitability. In any case who are these buyers you are referring to?
There's been an International Day of Peace for 30+ years now, but you'd never know it from the lack of public media attention. There's obviously no big money to be made from a Peace Machine so it's just not in the National Interest, despite what Nobel Peace Prize winner Obama would have people believe.
Yup. This holiday (Remembrance day in Canada) to commemorate those who fought in 'The Great War' will gradually develop a new meaning as new wars continue to produce new veterans. Personally, I despise wars and dislike the general idea of promoting them through such events. If no-one chose to go to war there would be no wars period.
@Tens of thousands of people surrounded the sunshine-bathed National War Memorial on Tuesday as Gov. Gen. David Johnston formally rededicated the monument in the name of all who have died in the service of Canada. There is a new inscription on the memorial’s granite wall — “In Service to Canada – Au service du Canada.” The dates of the Afghanistan mission and the South African War have also been added.
What about the big picture? There was a huge drop in gasoline stocks... doesn't that imply a higher future drawdown on oil?
16:35 USD API Weekly Gasoline Stock -3.200M -0.500M -1.000M
And how about this bit of SSTK monkey business today after the closing bell... this is more than twice the daily average volume... in AH trading. #$%$?
@After Hours Time (ET)
"Time" is the time of the trade Eastern Standard Time.
After Hours Price After Hours Share Volume
17:38 $ 39.25 High 185,000
17:35 $ 39.25 466,121
17:34 $ 39.25 704,279
Maybe you can explain how the spinoff of a minority stake in Wolfcrap makes a sale of CREE free of DOD concerns?
Nonsense. Magic8 has made numerous predictions about CREE strategy and execution and financial performance which to a large part have proven correct. You, otoh, appear to mostly post various articles (some very outdated) with little in the way of personal insights on how they impact CREE.
Soon they will be one and there will be nothing to compare
@Weyerhaeuser Co. is buying Plum Creek Timber Co. for $8.44 billion to form what is expected to be one of the world's biggest timberland and forest products companies. The company will keep the Weyerhaeuser name and have more than 13 million acres of timberland, the companies said Sunday. It will be worth $23 billion based on current share prices. Plum Creek shareholders will receive 1.60 shares of Weyerhaeuser for each Plum Creek share. Weyerhaeuser shares closed at $30.40 Friday. Weyerhaeuser also says it will buy $2.5 billion of company shares after the deal closes.
Learning to drink properly is a life long learning experience. It's always tempting to hit up questionable shooters when you're happily drunk, but you invariably end up paying the price, one way or another.