For me the good news is we can buy a 6% dividend and with the markets down big today HUN is holding in the $8's. Nothing is without risk and I would like to see HUN pay down their debt more but for this quarter and seemingly the foreseeable future the dividend is safe. Remember that Huntsman Sr. owns many shares and gives most of his dividend's to fighting cancer. So, he is motivated to do what ever to protect it.
reported fourth-quarter net income of $4 million, after reporting a loss in the same period a year earlier.
The Salt Lake City-based company said it had profit of 2 cents per share. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, came to 51 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The chemical company posted revenue of $2.33 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $2.52 billion.
I am no authority on how good a manager Peter is but the family has been pretty successful over the years. I did hear Peter give testimony before a Judge on very complex material a few years ago and he was amazing. I would agree the timing of the Ti02 purchase was not good so far but that may change as I think construction looks to be coming back with a vengeance this year. Pent up demand for housing looks to be very significant. At least in my city it is.
3% is all they need but that's the point, it's not available to them. Not now not ever, and Astellas is figuring out that they underestimated the shareholders knowledge and resolve.
Astellas will most likely this next time raise their offer, and since they are running out of time it will need to be substantial which in my mind could result in investors revoking their tenders.
$4.00 is fiction try $12. and more. The only reason these shares were below 10.00 last half of 2015 was due to manipulation by the activist shorts that management seemed to support. Astellas should do themselves a big favor and settle for making an investment in Ocata and understand buying the company is going to saddle them with lawsuits by shareholders for years.
I think the odds are increasing this deal isn't going to happen at 8.50. Astellas needs to reconsider their strategy and be satisfied with a percentage not the whole company.
Issue is the speed of oil price going down, caused mainly by oversupply. Usage is still rising, thus no recession. If OPEC could agree to cut but no one thinks that will happen. Oil will find a floor and some think that has happened or very close to doing. All this suggests the worse may be over and the markets are about to reverse, let's hope that's true. If we can get through 2016 and finally get the far left out of power in Washington then legislation can pass to encourage growth of economy that would give us momentum back to high $20's by end of 2017.
Oil.. I'm no fan of the ridiculous compensation that executives get paid or the failure of boards and their fiduciary responsibility to share holders. The system stinks and needs reform but right now I'm more concerned with market disruption taking place and how long does it last?
oilexplore1 I respect your comments but let me share with you that a few years ago this company was paying close to 20% dividend. As far as the Rockwell purchase time will tell but it could be very profitable in the future. The buyback right now seems early to be sure, seems like oil is our issue right now and that's not looking good. I just heard we may be looking at a market share war on oil which is why some are calling on $10.00 per barrel. This could get very ugly, but hopefully this moves fast and is not protracted.
Spin out as you describe makes better sense, thank you. It seems like something this company management would do to give more transparency to their shareholders.
SEC makes life easy for the tactics Shorts use and it's hard to accept. Obviously longs believe HUN is a viable business and at some point will reflect true value. Hopefully Peter will in a few weeks give longs support in our belief in the company.
Just heard an industry official today comment about a bubble in the number of apartments being built. Reminded me what happened in the late 70's, early 80's when interest rates were so high. People couldn't afford the interest being charged to buy a house, today it's the over regulation by government that in affect limits the availability of credit. As the politics in Washington changes and burdensome regulations disappear the demand for apartments will decline and housing demand will increase. There will probably be some very attractive rental rates coming soon and eventually a lot of vacant apartments.
They already had Ti02 and had expressed an interest in acquiring more a few years ago. They had tried to buy another company before this but the company refused their efforts. Ti02 has been a very lucrative business in previous years. I assume it will be again, but Huntsman must feel they can't wait if they are trying to unload. I guess it's to do with them being so highly leveraged with debt costs.
Maybe we have reached the bottom finally. Looks possible we have seen the lows, if so do we tread water or start going up. Guess all depends on what is reported next month.
There is no reason to think interest rates will increase anytime soon but if people think they will that's good for housing. It motivates folks to buy while rates are still low, before they go up. The minute folks start to think the Republicans will be in charge is the moment investment will take off again and company's like Huntsman will benefit. The U.S. has a lot going for it, if Congress and new administration can take a few minutes to work together for the benefit of the country the U.S. will once again lead the world to a higher standard of living.