Ebay didn't take a $20 IPO and run it down to $2 while only using shareholders as an ATM. Ebay earns billions while TSYS is losing asset value rapidly now.
$1.86 bk value, hahahahahahahaha!
Back then the balance sheet was much stronger still. But instead, that aweful CEO was giving out the cash with a .50 dividend until the cash was almost gone. then they had to borrow big bucks which took the business from shareholders and handed it to debt holders.
Who's the moron with the thumb down?
This stock would probably be over $30 already if not for the wind down comments.
I believe 10's of thousands of people avoid FNMA soley because Obama said it would be wound down. These people are loosing out on billions of potential profit while Washington insiders and cronies have inside knowledge on their side to buy the stock stress free.
Frank needs to get writing a letter to a powerful lawyer to represent all those deceived by this blatant stock manipulation at the highest level.
His statements of such will clearly be just stock manipulation as he drove this to $1.04 with his comments.
That's not in his job description and should be highly illegal.
Jaguars is only a small portion of the TX clubs. And 75% of the business is in TX according to CEO. But if the pole Tax is ruled constitutional (and it should be if Obamacare is), then the jaguars amount due doesn't exceed $6M (yet). It's all cash out of pocket (empty pockets after wrongful death and labor suit) and the "credit" towards the Jaguars clubs won't save the company.
"13.2 million - taxes (35%)=8.58 million"
Nope. 100% of the pole tax will have to be paid. You don't take 35% out of a fee. LMAO! Their earnings will go down x amount so there will be less profit to pay tax on, but nobody gets to shave 35% off and actual tax due. Texas should be accuing interest on the unpaid taxes.