DVA is guiding 2016 operating income to be flat to marginally down vs. 2015. And what is with the buybacks at such high stock prices... throwing money out the window.
@Adjusted operating income for the year ended December 31, 2015 was $1.9 billion. We expect our consolidated operating income for 2016 to be in the range of $1.800 billion to $1.950 billion.
@Share Repurchases: During the quarter ended December 31, 2015, we repurchased a total of 2,156,951 shares of our common stock for $151 million, or an average price of $69.86 per share. During the year ended December 31, 2015, we repurchased 7,779,958 shares of our common stock for $575 million, at an average price of $73.96 per share. In addition, we also repurchased 3,689,738 shares of our common stock for $249 million, at an average price of $67.61 per share, during January 2016. As a result of these transactions we now have approximately $259 million remaining under our current board authorization for share repurchases.
So one year late to 'mass' production, and talking about revenues in 2020 instead of 2016. Clearly there are serious problems with their fab technology.
As another poster here stated, there is risk related to coal contracts with FELP at the recently acquired Convent marine terminal if FELP goes BK. FELP has been negotiating on new loan terms after a deemed default. They've been issuing regular extensions as talks continue to find a solution. I was expecting to see a new 8K today after the last 2 day extension ended Feb 10. Previous ones ran a week long, so it looks like the discussion hit crunch time. Still no new release... not sure if this is bad or good.
Sorry I misunderstood your comment. By 50% I was referring to taking the deal at 30 vs 20 where TEX is presently trading at. I agree it makes sense to hold here. I would certainly vote in favour of the new cash offer vs. the current merger deal, and move on once the new deal closed
If you hold the stock in a tax-free account, then this is irrelevant.
I personally prefer that investors be given the option to choose how earnings are utilized. For example, a company can offer a market DRIP, then for those who subscribe, those dividends can be used to buy shares on the open market and transferred to shareholders as payment in-lieu, so those shareholders increase their equity in the firm.
In any case, what I particularly don't like is excessive executive compensation in the form of options. It dilutes the float and negates the benefits of buybacks. I prefer they get paid in straight salary and cash performance bonus instead.
Wow an analyst sees upside. Duh.
@RBC Upgrades Shire To Outperform, Says Market Overestimating Competition Shares of Shire PLC have plummeted 25 percent since January 4. RBC Capital Markets’ Douglas Miehm upgraded the rating on the company from Sector Perform to Outperform, with a price target of $240. The recent decline in stock more than accounts for any competitive risks arising from Baxalta Inc Hemophilia business, Miehm stated.
1. As a PBA shareholder, why do you care where the money comes from. All that should matter is does PBA stand to profit from this or not.
2. If the AB government succeeds in attracting new investment through this program, the infrastructure that is built will create new jobs and sources of tax revenues for decades to come. Chemical plants like this don;t open and shut on a whim.
3. If this is socialism, then USA is the biggest socialist country in the world considering the level of subsidies it offers to the oil&gas industry. I suggest you go look up the definition of socialism before spewing such rubbish.
Why wouldn't you take a 50% profit on the TEX offer and go invest in another play in the space. Do you really think that CAT won't go up from here just like TEX if the market turns around?
Street fight - Round 3
HH took a wildcat swing and missed. Ding ding. He sulks off to his stool in the corner, where his coach Ackman complains to him,,, what da hella kinda #$%$ boxing was dat? Get it together or we'z gonna lose this fight and the prize you dikhedd.
To paraphrase NSC's response to CP's proposal... NO. We will not put forward this resolution to shareholders.
@NORFOLK, Va., Feb. 9, 2016 /PRNewswire/ -- Norfolk Southern Corporation (NSC) today issued the following statement regarding the non-binding shareholder proposal submitted by Canadian Pacific.CP has proposed a non-binding resolution that NS should have discussions with CP regarding a business combination. NS has already met with CP and publicly provided clear detail regarding the NS Board's concerns. While CP continues to publicly declare that NS should "talk to CP about a potential combination," we believe further discussions are not in the best interests of NS shareholders unless CP offers NS shareholders compelling value and addresses the regulatory issues inherent in its proposal.
The election of Bernie as President will restore many citizens' trust and confidence in government, the economy, and the financial markets. A clampdown on Wall Street could be the long-awaited trigger for a return in force of individual investors, and drive the markets to new highs. Or maybe not. I see more upside than downside if he wins.
will be holding a special Sunday mass at the TX-MEX border. A Trump or Cruz attendance would surely create a lovely fireworks show to mark the event.
@MEXICO CITY — Pope Francis arrives in Mexico on Friday for a six-day visit that will end with a highly symbolic and potentially controversial act: the pontiff taking a stand on the fortified U.S. border to show solidarity with the migrants trying to cross it. The pope will hold a cross-border Mass in Ciudad Juárez on Feb. 17 just 90 yards from the U.S. frontier. Some 200,000 people are expected to attend on the Mexican side and an additional 50,000 across the Rio Grande in Texas.
And you dummies refused to approve KeystoneXL to secure energy for your highly motorized nation independently of any shenanigans on another continent. Horse carriages it will be then.
Stop the mindless cheerleading. The new VMW is constantly hitting new 52 week lows.
It is, but really only to secure access to chips. If multiple vendors can deliver the quantities of chips GE requires, then from their perspective, it makes more sense to have more, not less, competitors vying for sales to the firm in order to keep prices low.
I wonder what the average price is of all the shares CREE has bought back?
@@Companies lose billions buying back their own stock When a company shells out money to buy its own shares, Wall Street usually cheers. The move makes the company's profit per share look better, and many think buybacks have played a key role pushing stocks higher in the seven-year bull market. But buybacks can also sap companies of cash that they could be using to grow for the future, no matter if the price of those shares rises or falls. And the recent losses highlight another criticism: Companies may be good at finding oil or selling bathroom trinkets, but they aren't always smart stock investors. Some corporations bought ever more of their own shares even as prices tripled from financial-crisis lows and several measures showed the market was overvalued.
Don't you have to be a shareholder to put forward a resolution for consideration at the annual meeting? Does CP hold shares in NSC?
@Canadian Pacific said Tuesday that it plans to submit a shareholder resolution on a possible deal at Norfolk Southern's annual meeting this spring.
What about for a company growing at 25%? Is it too high for that?