No, we don't need another merger/acquisition to take place resulting in job losses for thousands of people! K is doing fine by itself and it is a good investment.
SBUX needs to stick to what it does best..sell great coffee products and not dabble in social engineering IMHO.
An absolute positive move. For decades a stock split indicated management confidence in future growth of a company. I know of no negatives associated with stock splits and do not buy into the old "it's cutting up the pie into smaller pieces" argument. The market moves on perceptions and splits for decades meant a positive direction for a company stock. If that is old school thinking,look what new school brought us in 2008.
On 10/24/05 it split 2 for 1. 0n 10/21/05 SBUX closed at 55.01. On 10/24/05 it closed at $27.89. At least that is what the Historical Price feature of this stock states.
I completely agree with you! If they did not want to split they should have at least given us some shares in their recent IPO offering. The dividend is nice but I think a split would have given the stock some upward momentum even if it was shot lived.
You would think that their wages would go down but that is not how it works. When things go right upper management gets rewarded, when things go wrong they say they get the big bucks for risk taking. Who ever thought a solid business icon like EXC could be such a drag on your stock portfolio?
Management will spin it as good news and paint a rosy picture for the future. Thanks also goes out to former CEO John Rowe for starting the downward trend, but hey he is rich and retired! And the beat goes on.
So the dividend will be cut from .525 to .31 to reflect the excellent management performance of this company. However, since this company is headquartered in the politically dysfunctional and near bankrupt state of Illinois I suppose this is par for the course. Hopefully management takes a nice pay cut that reflects their outstanding guidance/contributions to the decline of this business.
Americans make decisions based on emotion and short term outlooks. They are not students of history and don't think or worry about how their decisions will effect future generations. We only think we are enlightened! Where do we find a modern day Cicero in our society?
Your observation is spot on! The market is driven by perception and a poorly worded or unnecessary comment will cause unnecessary damage to a stock for a long time. Many investor articles are saying that Crane didn't need to have opened the pandora box on dividends. The damage is done and we long term holders of this stock will suffer.
Mr.Crane made a terrible mistake in how he answered the dividend question. Top management cannot afford to make statements that can be misconstrued, every word needs to be weighed. When you are a leader making big dollars a mistake of this magnitude is not excusable. People who have EXC in their retirement portfolios are incurring a costly principal loss and now an uncertain dividend dilemma that has been created by poor word choices. Confidence in this management team is fast disappearing IMHO.
Splits have always been an option to management if they want to send a message of confidence on the future of business growth. If a stock split results in a positive message/perception of future business growth then that is good and well. I trust management will make the correct decision regardless of what individuals on message boards think. XOM has a huge amount of outstanding shares so this may also impact any near future splits. The management team has continued to deliver good value growth to us sharehlders IMHO.
Everyone needs to give Yahoo feedback that the new message board format is unacceptable. Feedback can be given on the bottom of the message board by clicking on the blue bar that requests it. AOL completely dumped their message boards, is Yahoo next?
The EXC and CEG merger is complete. NRG management and shareholders voted down an EXC and NRG merger a number of years ago and their stock is now worth less now than what EXC was willing to pay. Plus EXC is paying a 5.5% yield dividend to boot! NRG = NO REAL GROWTH. Holding out for more sometimes results in less.
NRG management and shareholders blew it when they voted down the merger with EXC! They could have been collecting a good dividend and positioning themselves for future growth. This is a dead in the water stock that should not be part of an individual's investment portfolio IMHO.
Once again, it was stupid on management's behalf that the takeover agreement did not include an "out clause" if the government blocked the merger. Upper management heads should roll in the opinion of this shareholder.