Look up the PR Newswire release dated Feb. 2. The report is divided into sections using subtitles. What you are looking for is under the subtitle "Distributions to Shareholders".
Just for final clarification from Al's site:
"We are a publicly traded principal investment firm that acquires and holds mortgage-related and other assets. We acquire residential mortgage-backed securities, either issued by U.S. government agencies or guaranteed as to principal and interest by U.S. government agencies or U.S. government-sponsored entities. We also acquire mortgage-backed securities issued by private organizations.
We are a Virginia corporation that is taxed as a C corporation for U.S. federal tax purposes and our principal executive offices are located at: Potomac Tower, 1001 Nineteenth Street North, Suite 1900, Arlington, Virginia, 22209."
Soooo, it may walk like a duck and quack like a duck, but....
Al is a C corporation at this point, but does business similar to a REIT. Their earnings concerning cash flow have been adequate, what's hurting them is MBS values. I was surprised their BV actually showed an increase and I believe it is the catalyst for today's price action.
They have also accumulated over $4 per share of tax write offs for years to come. This is not worthless. GL Ken.
Test, evaluate, decide. Things are still in the testing phase.
Everyone needs to keep in mind that both UPS and FedEx are still not out of the equation.
Back to a new tax season, oh boy... After last year's debacle of having the dividend reassigned as ROC AFTER tax filing date, anyone have an educated guess how they will designate this year's (2015) dividends?
Sorry, but the author of that article is reaching. Many of them do, they like sensationalism as much as the next public writer (and getting paid for clicks). Amazon needs a degree of dedication that they have more control over. They are trying to eliminate a lot of the bottlenecks in shipping that directly affects their bottom line.
I really don't believe Amazon wants to go into direct competition with either FedEx or UPS. They simply have a need and will explore appropriate cost effective ways to address that need. Cost effective also includes keeping Prime customers satisfied and growing that sector through efficiency.
It's still way too early to start speculating on airlines and fleets. First they have to test the efficiency of building an alternate system. Lease first and see how the costs balance with the customer demographics. If they are favorable, then will be the time to consider an internal company fleet, whether that is direct ownership of planes operated by others or buying out and consolidating existing services. We still know nothing of the details.
If there was ever a time for ATSG to shine, it's now. Got that Joe?
ATSG must be in a good position to discuss goals with Amazon considering the capital still waiting to be deployed. The Wilmington hub would be a prime location (pun intended) for distribution.
Amazon is constantly pushing for quicker delivery as a main point of competitive superiority. This is the same company exploring using drones as a local delivery system. I'm pretty sure adding this component concerning the 20 767's is going to be a necessary asset going forward. There have been a large number of complaints from Amazon Prime customers concerning later than expected deliveries. This has not been limited to holiday traffic, this has been an ongoing problem.
This honestly appears to be a well made match. (I may be a bit bias as I also have an Amazon position)
I'll be extremely interested in the next CC. GL
This is through Reuters. Amazon to lease 20 767's. Working to build beyond Wilmington. I tried to copy and paste some of the article, Yahoo nixed it. You should be able to Google it. Yahoo sucks.
This Amazon "experiment" could be a huge opportunity. I can foresee multiple favorable avenues for both companies. Street mumble says Amazon is trying to shore up shipping to cover prime members.