Just remember the following:
17.4 billion in investments
46% investment grade
weighed average remaining lease 12.2 years
-No impact on First Quarter Net Income.
-First and second quarter NAV Revenues, Net Operating Income, and real estate property metrics are unaffected..
-Previously announced dividend not affected.
Insider buying all throughout 2014 (Lisa McAlister forfeited her 20,000 share on Oct 30). Current insiders own over 4 million shares.
this is a catastrophic issue. The two accountants may very well have thought that their assessment of amounts related to non-controlling interests likely were acceptable. Why assume it's a question of gross fraud
rather than the usual minor accounting mis-evaluation.
The latest form 4 that I see from the SEC is Stanley Williams buying 24,000 shares for $12.35.
Sales rose by 2.5 percent. The company expects revenue growth of 3%-4% year-over-year and stable margin growth. And let us not forget that T generated $25,593 million of cash from operations and a free cash flow of $8,586 million. T will have absolutely no problem paying the 5.4% dividend.
Sales rose by 2.5 percent. The company expects revenue growth of 3%-4% year-over-year and stable margin growth. And let us not forget that T generated $25,593 million of cash from operations and a free cash flow of $8,586 million. T will have absolutely no problem paying the 5.47% dividend.
The panic only serves the interest of the shorts. The company has price to sales of 1, PEG under .9, nearly a billion in cash, revenues of over $5 billion, and an operating margin of 19%.
Cheaper does not neccesarily mean more dangerous. That is an ridiculous claim. New designs with new materials can be cheaper and safer.
while brokerage money market funds are paying close to zero, five-year CDs are paying 1.5% , and 30-year bonds are paying 2.9%. Do investors actually think T will not raise its dividend as it has practically every year? The company is a cash cow with an operating cash flow of 33.95 billion
and this from the management:
"We believe that the second quarter performance was an anomaly and a strong base of business has been established for the rest of the year that we expect will deliver record results in both sales and earnings for the second half of 2014. Moreover, the Fabrica strategic partnership and the on-going capital projects will increase our ability to produce higher quality grades of value and premium tier products to drive future sales, supporting our vision of being recognized as a national supplier of high quality consumer tissue products in the value, premium, and ultra-premium tier product categories."
to others company: COP (1.65), XON (1.04), MPC (.27), and the industry average. (.33). And the current dividend is 4.7%.
187 adults . They have to look for more and more pathetic ways to put your money in their pockets. Their excessive avarice and cupidity are slowly bleeding the country.
From December 2013 investors conference:
"We have said repeatedly that we believe we have adequate long-term care reserves with a margin for future deterioration, and our presentation today provides support for these conclusions."
He said WE BELIEVE not WE ARE ABSOLUTELY, 150% SURE that GNW has adequate reserves. Only lawyers would turn this was a statement materially false and misleading and/or lacked a reasonable basis.
than commit $190,000 of their own money to buy on the open market?
had the following positive results with a 9.8% increase in book value to $32.68, it's worth 24% less (or 40% of book value) because of they are conducting a review of their long term which may or may not increase its long term care insurance claim reserves which may or may not be material.
--Net income of $176 million, or $0.35 per diluted share, compared with net income of $141 million, or $0.28 per diluted share, in the second quarter of 2013.
-- Net operating income of $158 million, or $0.31 per diluted share, compared with net operating income of $133 million, or $0.27 per diluted share, in the second quarter of 2013.
--Net investment gains were $20 million in the quarter, compared to $15 million in the prior year. .
--Net investment income increased to $813 million, compared to $805 million in the prior quarter.
--Net unrealized investment gains were $2.1 billion, net of taxes and other items, as of June 30, 2014 compared with $1.3 billion as of June 30, 2013 and $1.6 billion as of March 31, 2014.
-The fixed maturity securities portfolio had gross unrealized investment gains of $5.2 billion compared with $4.0 billion as of June 30, 2013
FROM LAST QUARTER'S REPORT : As of March 31, 2014, the number of states approved as part of the 2012 in force premium rate increases remained at 41. The company expects to achieve $250 to $300 million of premium increases when fully implemented.
FROM THIS QUARTER'S REPORT: The company is continuing to invest in distribution and marketing to increase LTC sales over time and expects to begin seeing some impact from these actions during the second half of the year. In the fourth quarter of 2013, the company announced that it has started to file for regulatory approval of its Privileged Choice Flex 3.0 product and expects to launch this product in July 2014.
In a report published Thursday, Compass Point analyst Ken Billingsley reiterated a Buy rating on Genworth Financial (NYSE: GNW), but lowered the price target from $23.00 to $16.50.