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Public Service Enterprise Group Inc. Message Board

don_deal2000 12 posts  |  Last Activity: Nov 19, 2015 12:08 PM Member since: Oct 6, 2003
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  • NEWARK, N.J., Nov. 19, 2015 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (PEG) today declared a $0.39 per share dividend on the outstanding common stock of the company for the fourth quarter of 2015.

    Sentiment: Strong Buy

  • Chinese markets were closed for the country's military parade marking the end of WWII in the country. Japan's --------------------------------------------
    Nikkei snapped a four-day losing streak following a rally on Wall Street and as data showed the country's services sector expanded at the fastest pace in almost two years

    The International Monetary Fund on Wednesday warned that China's slowdown, market volatility and collapsing commodity prices have increased global economic growth risk. The bank urged developed countries to continue accommodative monetary policy and encouraged some emerging nations to devalue their currency. (CNBC, Reuters)

    The U.S. is pressing China to allow market forces to drive the value of the yuan up, not just down, U.S. Treasury Secretary Jack Lew told CNBC in an exclusive interview. Last month, China devalued the yuan, raising concerns about growth prospects for the No. 2 economy and roiling global equity markets. Lew told CNBC the extreme volatility of recent weeks is worth watching but not a major concern. (CNBC)

    Chinese regulators on Wednesday levied fines against three companies that run stock trading platforms, including one owned in part by Alibaba founder Jack Ma. The firms were fined a combined 453 million yuan ($71.2 million) and top executives were warned for allowing "investors to conduct trading without providing real identities," the China Securities Regulatory Commission said. (CNBC)

    Syngenta will sell its vegetable seeds business and buy back more than $2 billion of its stock. The pesticides company has been under pressure to return value to shareholders after rejecting a takeover bid from Monsanto. (Reuters)


    Sentiment: Strong Buy

  • Reply to


    by ignats35 Sep 2, 2015 10:43 AM
    don_deal2000 don_deal2000 Sep 2, 2015 11:07 AM Flag

    It looks like I spoke to soon......but I was only going by the MSNBC Squark Box report I get every day in my mail......but the day isn't over yet. I picked up 42 more shares yesterday @ $40.26....I should have waited untill today. But i'll soon get my "DRIP" shares. Last time i got 54 free bees....don_deal

  • It looks like we are finally going to have an up day in the MKT. today.....It's about time. don_deal

    Sentiment: Strong Buy

  • This stock is going the wrong way....ASK should be headed toward $50.00. But I still say buy it at this low week or the week after it will reap you tons of returns. don_deal

  • 2 Billion More Reasons to Buy Sirius XM
    The satellite radio monopoly keeps eating its own cooking with another massive buyback authorization.

    Another year, another $2 billion buyback. For the fourth year in a row, the board at Sirius XM Radio (NASDAQ:SIRI)has authorized $2 billion in stock repurchases.

    Since the initial buyback in late 2012, Sirius XM has put its growing ability to generate free cash flow, and its improving fundamentals, to good use in tackling its gargantuan share count. We've seen Sirius XM's average weighted shares outstanding go from 6.635 billion during the fourth quarter of 2012 to just less than 5.508 billion in its latest report.

    Buyback authorizations aren't just talk at Sirius XM. It's a voracious eater of its own cooking. The share count has dipped sequentially in nine of the past 10 quarters according to data from S&P Capital IQ. It announced during last month's earnings call that it had already spent $1.3 billion to snap up 388 million shares so far in 2015. This follows the satellite radio provider repurchasing 739 million shares for $2.5 billion through 2014.

    This doesn't mean that the share count is dropping by that amount. The weighted average of the basic shares outstanding declined by just 536.6 million between the fourth quarter of 2013 and the fourth quarter of 2014. New shares get issues to cover executive and employee compensation.

    There's also nothing stopping Sirius XM from using stock as legal tender in future acquisitions. As one of the market's best performers since bottoming out six years ago, sealing a buyout with stock instead of cash is a more compelling bargaining chip than you probably think.

    In the end, this is all about taking a lumberjack ax to the redwood tree of shares outstanding that escalated during desperate times of recapitalization and self-preservation. Sirius XM's a survivor now, and with guidance calling for $1.62 billion in adjusted EBITDA, or roughly $1.3 billion in free cash flow through 2015, it's the right thing to do.

    Return to sender
    Many investors view dividends as the primary way for a company to return money to its shareholders, but buybacks are potentially better.

    Lowering a company's share count increases profitability on a per-share basis.
    Purchases in the open market help support a stock, especially if they're executed in times of market volatility.
    Unlike dividends, buybacks don't have tax implications for shareholders.
    Market cap is the product of a stock price and its outstanding shares, so in theory, buybacks should translate into higher share prices given the same valuation.
    Sirius XM refused to go with a reverse stock split when things seemed bleak. While the stock price remains below $4, no one is arguing that a split is necessary, as long as it continues to grow its business as it shrinks its share count.

    The business is certainly holding up its end of the bargain. Sirius XM wrapped up its latest quarter with a record 28.4 million subscribers, and monthly churn is at an historic low. Wednesday's expanded buyback authorization will make sure that the share count plays along, too.

  • Reply to

    QUESTION Auction?

    by jtbigcat Aug 25, 2015 6:49 PM
    don_deal2000 don_deal2000 Aug 28, 2015 10:17 AM Flag

    Who's Involved In The Auction And Why Is It Conducted This Way?

    Through a competitive procurement plan, New Jersey Electric Distribution Companies (EDCs) buy power for their Basic Generation Service (BGS) customers from June 1 through May 31 of the following year. The NJ EDCs (PSE&G, GPU, Atlantic City Electric Co., and RECO) believe that a single auction is the most efficient way to buy approximately 18,000 megawatts (MW) of power needed for all the State's BGS customers. This method provides the greatest opportunity for electric supply at the lowest cost to consumers.

    Sentiment: Strong Buy

  • The Dow has traveled more than 10,000 points - both up and down - this week in one of those most volatile weeks on record, and that trend appears likely to continue today.
    Following its best two-day gain since 2008, the Dow is on pace for its best week in six, as is the Nasdaq Composite, while the S&P 500 could chalk up its best week in four. The major averages, however, are all down roughly 6 percent for the month of August with two trading sessions remaining. (CNBC)

    Asian stocks extended their recovery into the final trading day of the week as China's benchmark Shanghai Composite ended 5 percent higher. Meanwhile, Japan's Nikkei closed above the 19,000 mark for the first time in a week, bolstered by a spate of deal-making. (CNBC)

    China's local pension funds will start investing 2 trillion yuan ($313 billion) as soon as possible in stocks and other assets, senior government officials said on Friday. China said last weekend it would let pension funds under local government units invest in the stock market for the first time. (Reuters)

    Sentiment: Strong Buy

  • don_deal2000 by don_deal2000 Aug 27, 2015 3:31 PM Flag

    Now the day traders start their little game...DOWN DOWN MARKET DROPS !!!! don_deal

    Sentiment: Strong Buy

  • don_deal2000 by don_deal2000 Aug 27, 2015 2:09 PM Flag

    Stock index futures are indicating an extension of Wednesday's sizable gains on Wall Street, which featured the biggest jump for the Dow and the S&P 500 since November 2011. The outsized swings in the major averages since Monday will likely result in the week moving back to just above breakeven at the open. (CNBC)
    China's Shanghai Composite index broke a six-day losing streak, closing up 5.4 percent to reclaim the critical 3,000 mark and post its biggest one-day percentage gain in nearly two months. Japan's Nikkei logged its second consecutive day in positive territory, up about 1 percent. (CNBC)

    Ukraine has reached a deal with its international bondholders to lighten its public debt burden, a move that will help the country avoid default as it tries to get its economy growing again. The value of Ukraine's $19 billion sovereign debt held by bondholders will be cut by 20 percent to $15.5 billion. (AP)

    Sentiment: Strong Buy

  • Reply to


    by don_deal2000 Aug 26, 2015 9:38 AM
    don_deal2000 don_deal2000 Aug 27, 2015 10:48 AM Flag

    Cat ~ if you add PEG'S gains over the last 3 days might reach that $1.00 you keep referring to. My MSNBC REPORT SHOWS MKT. WILL BE UP NICELY TODAY !!! I got $10,658 back yesterday.....from the lost I got over the last few days. I figured it would come back after they stop these silly games they play.......but i still have about $35,000 to catch up !!!!

    Sentiment: Strong Buy

  • don_deal2000 by don_deal2000 Aug 27, 2015 10:37 AM Flag

    China's Shanghai Composite index broke a six-day losing streak, closing up 5.4 percent to reclaim the critical 3,000 mark and post its biggest one-day percentage gain in nearly two months. Japan's Nikkei logged its second consecutive day in positive territory, up about 1 percent. (CNBC) don_deal

    Sentiment: Strong Buy

38.98-0.21(-0.54%)Nov 25 4:03 PMEST