I had the exact same thought! I bet buybacks are in progress at many companies that are flush with cash. Next EPS reports will be interesting, with fewer outstanding shares....
Thanks for the reply, The previous splits were in 1992 and 2002, so we are overdue now if you ask me! It should have split when it passed 50, like the previous times.
How about General Mills, Smucker's + MKC? I thinks think General Mills and Smucker's would be a perfect match. 34B + 13B and then include MKC and that would be another 10B. These 3 companies could complement each other very nicely.
It would fold nicely into Kraft/Heinz, especially since Nestle has Maggi, and Unilever Knorr, but I believe MKC is controlled by the A shares since the B shares don't have voting rights....so I doubt that it is in play.
Google Seeking Alpha and Brown Forman for the entire article
Russell Investments is providing this opportunity to investors going into their 2015 index rebalance and reconstitution on June 26th. For the first time ever, this year Russell will be adding multiple share classes of the same company in their indexes that were previously excluded. See the link below for further detail on criteria for multiple share class eligibility: Russell Indexes & Reconstitution 2015
In simple terms, secondary-class shares will be added to the appropriate indexes if the class meets certain market cap, liquidity and float thresholds. Of the dozen or so companies that might qualify for multiple class inclusion in the Russell indexes, one sticks out as a major share class arbitrage opportunity. The spread between the shares of Brown-Forman class B (NYSE:BF.B) and Brown-Forman class A (NYSE:BF.A) has widened to four times the widest level it had ever traded prior to now.
I plan to do the same. Initially bought B, switched to A, and now back to B again. There is something going on, but I wonder what...??? Maybe activist investor accumulating shares or maybe Bacardi...? Bill Ackman made a boatload on the Jim Beam deal. Supposedly he is about to announce a big position in a new company.....and to have any say in Brown Forman you need A shares. I seriously doubt he can get his hands on enough A shares though....
I just did the same. I wonder what is going on, buybacks or is somebody slowly trying to accumulate voting rights...???
Why is there such a big split between A shares and B shares right now? Buybacks or is something else in the works? Is somebody trying to slowly accumulate voting rights? I couldn't take it anymore. Just sold all my A shares an purchased B shares.
No, only difference is voting rights. If you plan to buy and hold for a long time you can buy A shares, but they are less liquid because of low trading volume. Buy whichever one is cheapest. Sometimes the split can be over a $.
Did you buy in at $25???
Ex. Dividend Date 03/11/2014
Dividend Pay Date 03/27/2014
Dividend Rate 0.2300
Bid Exchange NYSE Yield 10.14%
Market Capitalization $2.19B
Definitely some risk. Go to NADLs website and you will see their rigs are nicely positioned. I oil prices continue upward NADL will do great. A lot of buyers are not aware of the great dividend, because it is not listed yet on the yahoo website. The info is readily available on NADLs website. The fact the company is majority owned by Seadrill gives it both credibility and stability. I say buy on the dips and you cant really go wrong.
FRS market cap is 130M. Big Boy Restaurants International LLC is private so their valuation would depend on how much debt they have. Robert G. Liggett Jr. the owner of Big Boy is 70 years old, so I wonder if he might be ready to sell out?
FRS seems well run and has a nice dividend. Big Boy is a well known brand, but it appears Big Boy Restaurants International LLC is in need of some TLC. If nothing else maybe Steak and Shakes could be built in current Big Boy locations?
Big Boy Japan currently has 277 stores that seem to be going strong.
Big Boy Restaurants International LLC is a restaurant chain with its headquarters in Warren, Michigan, in Metro Detroit.
Big Boy is a nostalgic chain that might blossom again if managed well.
Big Boy was started as Bob's Pantry in 1936 by Bob Wian in Glendale, California, USA. The restaurant became known as "Bob's, Home of the Big Boy Hamburger" then as Bob's Big Boy. It became a local chain under that name and nationally under the Big Boy name, franchised by Robert C. Wian Enterprises. Marriott Corporation bought Big Boy in 1967. One of the larger franchise operators, Elias Brothers, purchased the chain from Marriott in 1987, moving the headquarters of the company to Warren, Michigan, and operating it until declaring bankruptcy in 2000. Following the bankruptcy, the chain was sold to investor Robert Liggett, Jr., who took over as Chief Executive Officer (CEO), renamed the company Big Boy Restaurants International and kept the headquarters in Warren. The company is the franchisor for 112 Big Boy restaurants in the United States.
Frisch's: The other Big Boy. Immediately after Liggett's purchase, Liggett Restaurant Enterprises dba Big Boy Restaurants International negotiated an agreement with the other large franchise operator, Frisch's Restaurants transferring to Frisch's exclusive, perpetual ownership of Big Boy marks in Kentucky, Indiana, and most of Ohio and Tennessee, and transferring all other Frisch's territories to Liggett. Big Boy International and Frisch's now are co-registrants of the Big Boy name and trademark. Thus Frisch's is no longer a franchisee but a substantially equal owner which actually operates or licenses even more American Big Boy restaurants than Big Boy Restaurants International. Frisch's is the owner or franchisor of 118 Big Boy restaurants in the United States.[
B closed today at $75.06 and A at $72.94, a difference of $2.12, which seems excessive to me. I know B is much more liquid than A, but is that the only explanation? Back in August A was trading higher than B. Within 50 cents I could see, but $2 seems like a lot.
Something for sure is in the works unless it is a pump and dump operation. Annual meeting is October 2, so maybe we will hear something then.
From their website under dividends.
Dividend policy and history
North Atlantic Drilling has an objective to generate competitive returns to its shareholders. This objective will be supported by frequent distribution of cash dividend. The level of dividend will be guided by earnings expectations, market prospects, current capital expenditure programs as well as investment opportunities.
US$ Cash dividend
per share Cash dividend
per share in NOK Ex dividend date Payable date
4Q 2012 0.225 - Mar 7, 2013 Mar 22, 2013
3Q 2012 0.225 1.26 Dec 4, 2012 Dec 21, 2012
2Q 2012* 0.045 0.26 Sep 4, 2012 Sep 20, 2012
1Q 2012* 0.045 0.27 May 22, 2012 Jun 7, 2012
4Q 2011* 0.045 0.25 Mar 8, 2012 Mar 23, 2012
3Q 2011* 0.04 0.23 Dec 8, 2011 Dec 21, 2011
2Q 2011* 0.035 0.19 Sep 6, 2011 Sep 20, 2011
*) Dividend was announced and paid before the five shares for one share consolidation, which was effective from November 21, 2012