Where did you find this in the Agreement and Plan of Merger (Exhibit 2.1 in the 8K filed Jan 12)? I did a search on this text and can't find it. It is certainly not contained in Article 11 Termination Section 11.01 on p.67
There is no end to this guy's pump job. He must be a boiler room hack. I out him back on ignore again today after reading the crapola he's been putting up.
Nothing prevents a company from raising the price of their products but the question is how will that impact demand. In countries where the economy is weighted towards resources (Russia, Canada, Australia), a downturn in commodities increases the risk of recession which affects not only company capex but also consumer discretionary spending. In Canada where I live, for example, (FYI: BMO is a Canadian banking firm), I think if PII raised prices now it would put a double whammy on sales in the Alberta oil patch.
Oh and then there's the matter of debt ratings.... Here's an excerpt from Moodys FE rating action from 15 July 2014. Notice the specific reference to the JCP&L rate case. If Moodys or one of the others changes their ratings, then that might wake up the analysts and big media.
@@@@@OUTLOOK The stable outlook on FE reflects our expectations for an improving financial profile over the next 2-3 years, driven by strong capacity pricing, deferred tax benefits, stabilizing conditions in the merchant power sector and a focus on regulated rate base driven investments. The outlook on all of FE's utilities, except JCP&L, is stable, reflecting our expectations for stable cash flows and continued credit supportive regulatory relationships at these utilities.
WHAT COULD CHANGE RATING -- UP Prospects for any upside movement in ratings at FE or its utility subsidiaries are currently limited. An upgrade for FE will require a substantial and sustained improvement in FE's financial profile, which would likely be predicated on deleveraging or a major turnaround in merchant cash flows. Improvement in the ratings of FE's utilities is also dependent upon a strengthening of their individual financial profiles.
WHAT COULD CHANGE RATING -- DOWN Downside risk could arise from a deterioration in the regulatory environment at any of its utilities or a weakening of financial metrics. A renewed downturn for the merchant industry, although not expected at this point, that significantly weakens the consolidated credit profile may also cause a downgrade. An unfavorable rate case outcome in New Jersey could trigger a rating downgrade at JCP&L. A downgrade of JCP&L is likely if expectations for future CFO pre-W/C to debt and CFO pre-W/C interest coverage fell further to about 10% and 3.0x, respectively.
Yeah whatever...CSX reported solid revenue and earnings growth and forecast more of the the same for 2015
@@@CHICAGO, Jan 13 (Reuters) - CSX Corp, the third-largest U.S. railroad, on Tuesday reported a higher quarterly profit that was in line with analyst expectations and said it expected a strong increase in its freight business and double-digit earnings growth during 2015. CSX's fourth-quarter profit rose on the back of an 11 percent rise in coal shipments, a 5 increase in intermodal and 5 percent for its "merchandise" shipments that include agricultural, chemical and construction products. The railroad reported a 6 percent rise in revenue for all three business segments. "(W)e expect to continue growing our intermodal and merchandise businesses faster than the economy, pricing above inflation, and driving efficient asset utilization," Chief Executive Officer Michael Ward said in a statement. Jacksonville, Florida-based CSX reported a net profit of $491 million, up 15 percent from $426 million a year earlier. CSX reported quarterly earnings of 49 cents per share, a near 17 percent increase from the 42 cents per share posted for the fourth quarter of 2013. Wall Street analysts had expected earnings per share of 49 cents for the quarter. The railroad reported revenue of $3.2 billion, from $3.03 billion in 2013 and slightly above analyst expectations of $3.18 billion.
Mr. Fornbes... re-position MBT.TO any way you want but don't cut the dividend!
@@@@@Jay Forbes has some polishing to do. The new chief executive officer of Manitoba Telecom Services Inc. says he wanted the job because the company possesses several “hidden gems” he believes he can use to deliver a new wave of growth. Mr. Forbes said the dividend and pension funding, “will be focal points of the assessment that we undertake here in the coming months,” but said he could not comment beyond that at this point. “We’re basically undertaking a strategic review of the entirety of MTS Allstream as part and parcel of this 90-day plan, [which] also is not only a strategic review, but an economic assessment: How have we performed in line with expectations of our investor public? What needs to change to meet and, indeed, hopefully exceed those expectations in the coming year?” MTS, which is Manitoba’s incumbent telephone provider, had consolidated revenue of $1.63-billion in 2013, a drop of 4 per cent from $1.7-billion a year earlier, although its wireless, television and Internet businesses continued to grow. It has 505,000 wireless subscribers – more than half of the province’s market share – but is facing increasing competition from the national carriers. Mr. Forbes has held top executive roles at a number of other companies and from 2001 to 2006 he was CEO of another regional telecom player, Aliant Inc., the predecessor of Bell Aliant Inc. which BCE recently privatized (BCE owns 15 per cent of The Globe and Mail).
Wow I was not aware of this. Still need to see the full year 2014 numbers though...cmon NILSY get hustling.
@@@@The Brazilian company produced 201,400 tons of nickel, a metal used in stainless steel, in the first nine months of 2014, overtaking Russian billionaire Vladimir Potanin’s MMC Norilsk Nickel as the No. 1 producer of the metal. Norilsk’s nine-month output sank 5.6 per cent to 199,800 metric tons from a year earlier.
Reported this evening in the GlobeAndMail
@@@@Former Xstrata PLC chief executive officer Mick Davis is considering a bid for the nickel business of Vale SA, the world’s top producer of the metal, according to people with knowledge of the situation. Mr. Davis’s investment vehicle X2 Resources values Vale’s nickel business at $5-billion (U.S.) to $7-billion, said two of the people, who asked not to be identified because the negotiations are private. There hasn’t been any formal negotiation between X2 and Vale about the assets yet, they said. X2 has raised about $4.8-billion from equity investors including Asia’s largest raw-materials trader Noble Group Ltd., private-equity fund TPG Capital and sovereign-wealth and pension funds to create a mid-tier mining company. It has been hunting for assets to buy from the world’s largest miners such as Vale, BHP Billiton Ltd. and Anglo American PLC.
A#$%$-mazing. HXL is up over 4% on 3X ave daily volume on a 2015 guidance update that missed consensus... but 2020 is lookin good.
Try keeping your permabear eye on the ball for just once.
@@@@@CHICAGO, Jan 13 (Reuters) - CSX Corp, the third-largest U.S. railroad, on Tuesday reported a higher quarterly profit that was in line with analyst expectations and said it expected a strong increase in its freight business and double-digit earnings growth during 2015
Likely not nearly all of it. Absolutely dismal results. It would not surprise me to see the stock drop hard tomorrow. Once again beachsidefreddy loser was wrong..
@@@@CHELMSFORD, Mass., Jan. 13, 2015 /PRNewswire/ -- Datawatch Corporation (DWCH), a leading global provider of visual data discovery solutions, today announced preliminary results for its first fiscal quarter ended December 31, 2014. The Company anticipates total revenue for the first quarter to be between $6.9 and $7.0 million, and non-GAAP net loss between $4.5 million and $4.6 million. This compares to total revenue of $8.81 million and non–GAAP net loss of $1.98 million for the first fiscal quarter of 2014. Non-GAAP net loss excludes the effects of the non-cash amortization associated with the purchase of certain intellectual property and other intangible assets and non-cash stock compensation costs.
How do you positively conclude that demand is holding up from increased production numbers? That production may simply be going into inventory in anticipation of higher end-demand. Whether or not that end-demand growth materializes is not certain.
@2014 was up 1% over 2013 and it looks like steel demand is off to a great start in 2015@
I know the difference. I was responding to your comment that referenced 'demand'
US steelmaker stocks X, AKS,and NUE are all near 52week lows. What is your interpretation of that fact?