I'm surprised that you already received a dividend.
i got this email notice today (dated 11/20) about picking cash or stock - expires monday:
standing instructions will be applied in lieu of issuer default option
telefonica s.a has announced an optional dividend which permits
clients holding settled shares as of 11/19/14 to elect to receive their
dividend of choice as outlined below.
**please note if no election is entered for an account, the
reinvestment instructions of cash or stock set at the position and/or
account level will be applied as standing instructions instead of
the issuer's default option.**
holders must submit their election by our cut-off date of 11/24/14
04:00pm est. This cut off date may differ from the cut-off published by
option #1 stock (**issuer default): holders may elect to receive one
(1) new telefonica sa for every (35) shares held. Holders will be
charged a depository fee of $0.025 per adr. This option is not subject
to withholding tax.
**holders are reminded if no elections are entered, the standing
instructions set at the position and/or account level will be applied
as default instead of the issuer's default**
option #2 cash: holders may elect to receive the net proceeds from the
sale of the rights in the spanish market at a rate to be announced.
this option is not subject to withholding tax. Holders will be charged
a depository fee of $0.025 per adr.
**note: this event contains two cash options. If a particular cash
option is not selected, holders with standing instructions of "cash"
at the position and/or account level will default to the first cash
option referenced above.**
option #3 cash - subject to withholding tax: holders may elect to
receive the entire distribution in cash at a usd equivalent to the
fixed price of approximately eur 0.336 per share. This option is
subject to 21% spanish withholding tax. Holders will be charged a
depository of $0.025 per adr.
I wonder how well the share price will do as Dish goes about decimating their core business. How long will the keep losing more customers due to dropped channels. Their service performs pretty well, and I am a long time customer. But, I am counting the days until my contract ends and I can switch to a provider that carries CNN and TCM. I certainly would no longer recommend them to anyone, as they want you to do. That would be a great way to lose friends.
I didn't have to actually switch to get the good deal. I told them I was leaving, and had already signed up with another provider. But, they made me an offer I couldn't refuse. Now I wish I had refused it. The loss of programming is infuriating.
Have you ever worked in corporate America? Political games are key. Performance is secondary.
Are you a man? IMHO it will be interesting to see if he survives this. Most of their employees might be men, but what about customers and shareholders?
If someone did not vote, whose fault is that?
We see the same behavior in elections for public office.
When a company is acquired it does not mean it's going private.
Also took advantage of low interest rates. No prior long term debt.
You're half right. It was temporarily delisted due to a holding company name change.
Maybe you're satisfied with 50%. You don't say how long it took you. Anything over 6 months is nothing to brag about in this environment.
You appear to miss the fact that this is a Chinese company headquartered in the Kayman Islands. Good luck on getting accurate financial information. That's why I don't like this stock, and it's the only reason. Transparency issues in the U.S. and Europe are bad enough ...
Why would you buy from them in the first place? Price? I might buy the stock if it falls to $30 or below, but I sure wouldn't buy anything from them.