Hey, we can use this board to talk about how great Travelers is or we can talk about some of their minor competitors who might be a better investment at the moment. Sure, I bought some Safety stock and am expecting a nice bump up in the price from earnings based on the weather. Like it or not, but the insurance business is really the weather business and Travelers got hurt by the weather last quarter. Safety not so much.
To me, in the short term, Safety Insurance SAFT is a much better insurance play than Travelers. They are going to have blow out earnings due to the very mild NE weather plus they and their competitors pushed through major rate increases last year due to the severe 2015 winter. Worse case scenario, the stock does nothing and you collect a 5% dividend but I'm thinking the stock goes to $65 after they announce earnings.
I really hate to tout other stocks on message boards but Safety SAFT is a great dividend play. Right now, they are going to benefit big time by the mild winter weather in the Northeast. They got killed last year but could go from a $2 first quarter loss to a $1 profit.
Another NE stock UTL Unitil got hurt by the mild weather but the stock didn't react until they actually reported their results. UTL is a NH utility and mild weather hurt natural gas sales.
I called the IR office and the dividend is gone, omitted. In reading the earnings transcript, I thought they were just reducing the dividend but it is gone completely. I sold my shares yesterday as I just can't hold a stock where the company thinks they are smarter than the shareholders and are looking to obfuscate something like the elimination of a 4% dividend.
The only business NFLX makes money on is the DVD rental business. Like it or not, but the streaming business still loses money and the DVD rental business saves the day. Unfortunately, the DVD business is slowly dying.
You have to wonder sometimes if someone doesn't plant a story knowing there's going to be an earnings shortfall. Obviously down $4 is an overreaction but someone knew that the stock would be going down short term when the story was published.
Wise Chinese philosopher Sum Ting Up says that buyout might be in the cards.....stock went ex-dividend today and it is up over $2.......a moribund paper stock should go down on the ex date and now we are up.
Pegatron is a large supplier for Apple products and you would have to think that they are entering this agreement with Apple's approval. In any event, there is an Apple/ Pegatron connection.
Fortunately, no one else was killed in the crash........could have been innocent drivers coming the other direction.
Agree....the last CEO spent too much time on his yacht........this one is patting himself on the back for laying off 1400 workers and scrambles to save his own job.
I still have some shares of UTX and plan on selling them as soon as the merger or lack thereof is resolved. I would have gladly sacrificed a penny or two on the quarterly dividend in order to keep the jobs in the US.
Yeah, the Carrier employees in Indiana think the move to Mexico is like something out of Seinfeld.
Hayes is moving air conditioning production to Mexico but I don't expect a reduction in the price I'm paying for a new air conditioner, not that I would buy a Carrier product at this point.
Hayes is now scrambling to save his job and will spend millions fighting Honeywell.
I really get a charge out of Hayes waxing so eloquently about the US regulatory system as he ships jobs to Mexico. Honeywell would be doing the average American a great service by taking over UTX.
If I was in Honeywell's shoes, I would tell the regulators that Honeywell will keep the Carrier jobs in Indiana versus sending them to Mexico. My guess is that UTX will spend a hundred times more fighting the merger than they would have spent to keep 1400 jobs in the US. It was OK for UTX executives to tell 1400 workers to pound sand but they will fight to the bitter end to keep their own overpaid positions.
If Honeywell wants to get the merger approved then they should pledge to keep the Carrier plant in Indiana versus Mexico. Will be interesting to see if the Democratic regulators would put their anti trust mantra ahead of workers' jobs. The savings that UTX had by moving the plant is probably less than 1% of what they are going to spend to prevent a takeover by Honeywell.