premiums on options here stink. They are just not moving, up 5% and prices barely budging. 5% should get you a double for a bit out of the money...still, i suspect premiums will expand at some point
It's not incompetence, it's greed. They will show marginal eps growth via lower share count and executives will get bonuses. Eff them...
exactly. The market is telling you how awesome this buyback is. up 3 pennies, while C is up 4%
No it's not. A dividend goes to the shareholder, a buyback lowers the share count and makes eps growth easier. What is BofA afraid of? that it can't grow?
MAYBE the market rewards a buyback, maybe not. I think the buyback instead of a dividend hike is pure BS. it probably helps the executives get better bonuses
ask yourself "what would a buyout price be?" $12 billion in revs, another ~$1 billion in cash vs $5 bill in debt. The company is cashflow breakeven and the market cap is ~$2 billion. What's critical is that JCP has the ability to go to the bond market. A private equity company can buy JCP at $4 billion, wipe out the $5 bill in debt, and still own the company for less than annual sales...and, they can go to the bond market to pay the bonuses that private equity loves so much...if you don't think this can happen, well, good luck
OK, Buffett likes dividends for himself, but doesn't want BRK to pay. Perhaps he advised FSLR to not go the yieldco route and instead keeo the retained earnings because he was now a shareholder? Or something like that...
Volume is huge again, with virtually no price movement. What is up with that? You'd think the price would move with so much activity. It's clearly not all selling. Is it accumulation?
No, they didn't. SAN is issuing 370 million shares, when it has 12 billion outstanding, that is 4.4%. If you paid attention to the earnings report, you'd know that profits from Brazil rose 14% and accounted for roughly 25% of earnings. So, accepting 4% dilution, to add BSBR shares is about right.
Santander, the eurozone's largest bank by market value, posted net profit of EUR1.61 billion ($2.01 billion) compared with EUR1.06 billion reported a year earlier. Analysts polled by data provider FactSet had anticipated net profit of EUR1.51 billion.
Santander said third-quarter net interest income was EUR7.47 billion compared with EUR6.94 billion reported a year earlier and against analysts' forecasts of EUR7.54 billion.
Santander's U.K. and Brazil units have been the bank's biggest profit drivers in recent quarters.