Yeah, to a current 16 cents per share which equates post reverse split of 1.6 cents per share.
This post reverse split (1:10) is a 97% DECREASE from its dividend declared back in 2007.
Now, JPM's divi is HIGHER today than it was back in 2007. Just a REALITY CHECK in this 'euphoric'
declaration after hours. Pitiful!
It sounds to me that the shareholder will get 80.1% distribution in ARNC and own 19.9% of AA of shares owned prior to the spin-off which should be a non-tax event.
"in reality" it's a $4 at close today (1:10)....and be assured that CitiHYPE will do everything in their power
to see that its stock plummets on their own (Hillary will only help it along)....
This has done nothing in almost 8 YEARS with no to next to nothing dividend. What a LOSER!
And all the HYPE for the past 8 YEARS including those most bearish who became BULLISH about 2 YEARS ago. This LOSER is so full of HYPE that many naive, unsophisticated 'investors' (a term used very loosely here) have lost a lot of money. WHAT A LOSER, A LOSER ABOVE ALL OTHER LOSERS and unsurpassed by the LOSERS who have run this company into the ground and have been EXCESSIVELY overpaid for their
Cramer pushed this LOSER on 3 consecutive MAD MONEY shows each in 5 minute segments back in
early 2010 when this LOSER was $5.50 per share with a BUY BUY BUY BUY BUY! Since then this LOSER
has depreciated in value per share 26.7% with close to no dividend. Also, since late 2008 if you bought
at $4.87 per share or so your share has appreciated an average of 2 CENTS per year!!!! Weill, Price,
Pandit and Colbert destroyed this company. Remember, at one time back in the day 2007 this was a $60 stock with a 4% dividend. From here it has depreciated 93.28% and the divi cut over 99%. Why anyone would own this LOSER is beyond MORONIC! It is by FAR the worst money center bank in the universe. Just compare it to JPM run by JAMIE DIMON who was fired by the action of Weill's daughter who was given more power than him. Just look what DIMON has done with this WINNER. Compare the two - it is beyond belief!!!!
One is a real LOSER and the other is a true WINNER!
Today's event is just one good reason why you don't buy a stock like this. It's a weak company that will be HIT harder than its piers on any very bad news. CitiHYPE (full of HYPE)
is a LOSER!
Well, this is just what countless people have said for the past 6 years particularly. You will just be one of the bunch (a LOSER). Sad....
Casino, it's the same way on all the board for this WORTHLESS Yahoo. Maybe this worthless company will be bought out and new management will make the necessary changes. MEYER needs to go!
She is WORTHLESS, too, and extraordinarily OVERPAID!
Let's see, Jim Cramer HIGHLY pushed this company on 3 CONSECUTIVE shows of MAD MONEY back in
middle or so 2010 at $5.50 per share. SIX (6) YEARS later this LOSER is at $ 4.45 or so per share or a
18% CRASH. And it paid no dividend and a minuscule one now. BUY BUY BUY???? Hmmm, if you are a
MORON go for it. This company has had Sandy Weill, Price, Pandit, and now the current LOSER as CEO'S for the past 25+ years and if you owned it back in the day and held this LOSER you are a LOSER today.
THIS COMPANY IS A LOSER and will ALWAYS be a LOSER! Hope you understand how I feel about this
LOSER! Oh, and did I call it a LOSER?
Anything equal or above $53.72 starts the clock ticking again Warren Buffett, the WIDE-EYED LIBERAL
who has become more brain dead in his latter years. I want to see this huge interest payment
TERMINATED per the deal he made with our company during the financial crisis. GET WARREN is the new slogan. GET WARREN!
This once iconic company is living on 'borrowed time'. Like the article says "Sears has been the greatest liquidation in history for a company that has not declared bankruptcy'. Anyone who has a position or is contemplating establishing one is a complete FOOL! And fools are born everyday.
Disc: Owned some shares back in 2006 when the share price was going 'up' and worked for the company as a teenager many moons ago....hard to believe where the company is today led to oblivion by a narcissist.
Sentiment: Strong Sell
If one was unfortunate enough to buy this LOSER in late 2008 (say around $3.85 per share, pre reverse split)
you would be 'enjoying' an average of a little more than 4 CENTS per YEAR for the next 7.5 YEARS.
You dividend would have been a minuscule 1/2 CENT per share quarterly (and for a few years it was $0.00).
THIS HAS BEEN A DEPLORABLE STOCK IN WHICH TO BE INVESTED. CitiHYPE is a LOSER who
sold off all its great assets during the financial crisis; lost is best employees (if they even had any);
and created so much debt that they had to do a reveerse split (this LOSER company LEVERAGED themselves to oblivion). So, what do you get? BAG HOLDERS! Sad....And today! There is still little hope and stock only has HYPERS and others who are in denial. It is a STRONG SELL today and beyond.
Sentiment: Strong Sell
5 of the same blogs with different authors. ALL SO BOGUS. I'm sick and tired of YAHOO permitting
these inane blogs. THEY (yahoo) MUST BE PAID BY THESE LOSERS!
If anyone is thinking about buying this stock WAIT at least 3 trading days before you act. You will have a good idea what the street is valuing the stock then.
IF this closes at $53.72 or above it will be the FIRST time since Warren's deal with DOW (excluding the merger announcement). This will be HUGE and should add to momentum. A very clear breakout and on very good volume. Let's see what happens....