we seem to be doing very nicely. If only the Euro was a little stronger. If it was 5 cents more we would be safely over 15. - 25 cents more, and we would be nearing 18
The earnings are out, but they are hard to read. Estimates were about 54 cents, and the announcement says about 17 cents, but one report, when stripping out certain items (which may be quite reasonable), says about 63 cents.
When one looks to sales, the estimates were around 925 million, and the actual amount was 939.5 million. This may be more objective, and certainly give reason to think that the items "stripped out" were justifiably stripped out.
With the late news on Friday about the settlement with Greece, ING should do nicely on Monday. Look for it to be pushing 13 euros and $15.
I know that I said that Greece wasn't a big deal, but it will still give it a nice push. Settlement of the Russian issues in the long term is more important. Greece is 2% of the European economy. Russia has much more of an effect.
And I would suggest that ING has behaved very nicely with the headwinds of Greece and Russia. Maybe its the suggestion of negative interest rates in Europe, and the issuance of ING dividends. With continue progress, we could be in the upper teens by the end of the year.
And, although today the US market is closed, overseas ING seems to be stretching its winning streak. It was over 12.50 euros at one point. Its strength is comforting. If we can merely see this price stabilize and a euro in the mid 1.20's, we will begin to push toward 16.
As you see, these split were some time ago, under different management.
I believe that Disney is frustrated that there are so many single shares outstanding. Similarly, they are frustrated by the costs of sending earnings reports and dividends to these single share holders. A split doesn't help.
Well, we broke that initial level nicely. And, to my surprise, it is up nicely overseas to 12.30 + euros, which is a new high. I thought yesterday's "breakout" would have eased a little. Maybe there was good euro economic news, or the spread of "negative" interest rate in Europe is making ING and its new dividend more desirable.
I have a "hope" that we will see 18 this year, and the 20's next.
Tomorrow will be a tough day. It closed here at 13.75, while it closed overseas at 12 euros - the later translates into 13.68, so ING has to open overseas stronger than it closed on a very nice day.
But maybe the Binckbank ADHD people will buy ING tomorrow.
It's not so much Greece, as it is Russia and the general European economy.
If Russia can settle down, and the European economy improves, then you will see two things. Three things - first, settlement of the Russian controversy and greece will give stability (which is what you are seeing today regarding Russia). Second, the economy improvement will move ING up. And third, you will see a rise in the euro. If the Euro was merely 1.3, you would see a price pushing 16.
We shouldn't have been surprised about the news. The real questions are (i) what will their operating loss be the quarter just ended (I'm not going to suggest the possibility of a profit), (ii) what will their operating loss/profits be for the next few quarters - hopefully their limiting their expenses will pull them through, and (iii) what will really happen to the stacked rigs - will they sell them for scrap, or eventually put them back on line (which might act to create a gain), or whatever), and is the future of shallow drilling - we hear a lot, from that its over, to that there are new fields in GOM (I really think the new GOM fields are deep water), to that there is new technology opening up shallow water fields).
Just my thoughts from someone who wishes they never heard of this stock.
Because that is the job of the media.
Second, because, when there are so few measles cases, this is a big deal.
And third, its not 5 cases, its more like 59, with a majority easily traceable to the park. There are 5 park employee cases, so maybe that's where your number is from.
That being said, the real problem, or source of the outbreak, is that parents chose not to have their children vaccinated. They are fearful, rightfully or wrongfully, that vaccination is harmful or wrong. And, in a world (or country) where there are few cases of these illnesses, it seems justified to avoid vaccinations. But don't complain when your child is seriously ill because of a failure to vaccinate. And realize that the reason that there are few cases is because the majority are vaccinated safely.
We are doing very nicely. Good momentum with recent complements on Wendy's products. Now we need nice sales reports.
A couple small plus - the lower oil prices are translating into lower costs for transporting food to Wendy's, and lower heating expense (if heated by oil - but probably gas, so that may not be such a factor). And the snow this year (at least on the east coast) is light - makes for lesser plowing costs, which hurt last year.
1.52 dividend for 1.93 profit is cutting it awfully close. What if they don't make 1.93. What if it is only 1.80, or 1.70, or only 1.50.
And even if they make 2.00, a 75% payout is not conservative. and you buy dividend stocks because they are conservative.
I'm hoping for the best, but that's why the company's stock has been taking a beating.
First, if disney drops by 5 - 10 % you should buy (more) disney. '
Second, when it went ex dividend date, that set the shareholders who were entitled to it. It won't change anything if anyone buys it thursday, friday or whenever.
the way the stock has been performing, today and the past week or so, there must be some good news on the traffic and sales.
in the interim, we will have to wait until the earnings report
good luck in trying to "come back at a lower price. I've heard that many times (and I even said something like that at least one time). But the only time that I really saw it "comeback" was a few weeks ago when it hit 80. After today, you might not even see anything less than 95.
Oh - there is another time I saw someone say they'd wait for a drop. A friend, only about 3 years ago, bought at about 28, and sold at 35. He said he wanted his profit, and would buy back at a lower price. when it hit 32, I told him to buy back. He did - when it hit 60. Shrewd. Very Shrewd.
Good luck to you traders. I'm very very happy to be long on Disney.
I think Disney believes that it has issued too many shares to purchase companies (Pixar, Marvel, Lucas), and would like to tighten up its ship. 1.7 billion shares is a lot of shares. I think they would like to see something closer to 1 billion.
Sentiment: Strong Buy