so it reduces shares by 8% which in theory increases profits by 8%. Big whoop. If they doubled the dividend it would lure a different type of investor who is content to collect a 5% dividend and some possible share price growth.
earnings on 8/3, a little earlier than normal. There is an investor day the next day (Piper Jaffray) so that kind of forced their hand. I never understood why it take them 5-6 weeks to get the numbers out when billion-dollar companies get them out in 3-4
actually, their revenue is less than $1B and they are losing a ton. Their losses exceed their revenue. Imagine if they actually had to pay employee taxes, expenses, and benefits.
Analysts at Goldman Sachs initiated coverage on shares of Altria Group (NYSE:MO) in a research report issued to clients and investors on Thursday, Market Beat reports. The firm set an “outperform” rating and a $57.33 price target on the stock. Goldman Sachs’ target price indicates a potential upside of 11.91% from the company’s current price.
Not to interrupt you losers talking politics, but something involving the company happened today. MO up over 3%
FYI - your math suks, he paid considerably more than half.
Nice try on spin, but the truth gets out....and you're still a felon
except 10% of the shares won't be retired. they grant themselves so many stock options all they are doing is buying back the options they are granting themselves.
latest aggravation from Hertz. If they had IDSY rental would not need this junk:
Hertz is billing some drivers who don't return their car with a gas station receipt.
Renting a car can be stressful and complicated, and avoiding high refueling charges has long been one of its bigger hassles. Now a new refueling option from Hertz gives you one more variable to think about. It might take load off you mind if you are taking just a short trip—or add a surprising new cost if you aren’t careful.
The Consumerist reports the rental company has added a new “Express Fuel” option at some locations, where customers who drive less than 75 miles can either turn in a gas station receipt along with the car, showing they refueled it, or pay a $14 fee. That means even if you fill up the tank before returning your vehicle, you’ll still end up getting charged if you don’t have proof of purchase for the gas.
This only applies to short distance rentals, so it’s not something most Hertz customers have to worry about. But since the $14 fee is likely to be more than the cost of gas over such a small distance (the Consumerist does the math and estimates refueling would cost less than $10 depending on the car) it’s something short-haul renters should be aware of.
Still, the New York Supreme Court said last month that Citigroup’s retail subsidiary could seize 89 medallions, valued at $31.5 million, from taxi tycoon Evgeny “Gene” Freidman, who buys medallions through companies with names like Bombshell Taxi and Vodka Taxi. Andrew Brent, a Citigroup spokesman, said legal action is “a last resort” and only comes after “repeated attempts” to help clients.
Freidman, who says he “bleeds yellow” for New York City, has called on regulators to better shield the city’s taxi industry from the threat of companies like Uber. “New York must stand up to the hostile takeover being attempted by a Mafia-like Silicon Valley, in conjunction with predator banks,” Freidman said in a statement last month.
An Uber spokeswoman declined to comment.
Ethan Gerber, executive director of the Greater New York Taxi Association, said Freidman and Citigroup have resolved conflicts over 43 of the 89 medallions. A final hearing for the case is scheduled for Aug. 6. “We have more of a problem with the lenders than we actually do with this revenue stream,” Gerber said. “The medallions are still profitable. They’re still getting drivers out. They’re still making money.”
and let's be real about the whole thing: maybe the technology is just not worth it to companies. So what they save a forklift or two or some maintenance. Probably not enough to move the needle in most orgs.