Weak economic data is crushing the restaurant stocks, and the ones getting hit the hardest seem to be the ones that had the biggest runups. Mr. Market is real negative right now on the strength of the US economy.
I'm finally out, took a big hit(at least for me). I too got my stake from my NRGY shares. Something not fully visible is rotten with this company, and I suspect we'll eventually find out what it is.
I'd feel a lot better about CEQP if I saw officers or directors stepping in and buying shares with their own dough at these prices and at a divy yield approaching 10%.
Correct, Tommy. Dividends are after-tax distributions.
Really #$%$ what the government of SK is doing to this company which has given so much to the province.
Even so, unless she is psycho, she's not going to write a check for 15 mill without having some confidence that it's a very good value at these prices. People who are worth billions like to look out for #1 too.
I'd feel a lot better if insiders had the confidence to jump in at these prices.
If the guys with the best information aren't willing to risk their own dough in this company for around $8 a share, why should I?
I honestly don't know what to think. Here. This thing has lost 35% of its value in about two months time.
Those insider sales that preceeded the nosedive are really starting to smell.
Between 06/17 and 07/31/2014, Sherman sold approx. 388,000 shares, in a series of 20 transactions, at prices between $15.00 and $15.27. Right after his last sale, this thing nosedived by 22% within 13 calendar days, closing at $11.77 on August 13. Phenomenal luck, huh?
What did he know, when did he know it?
Generally agree with you, and added shares this AM at $45.02. To me, this news means a bunch of existing shares are now on the market, and pricing will be weak in the short term. No dilutive impact and no impact on the company's prospects. No idea when it'll climb to 47, though.
...for the prospects for the propane industry improve?
In previous years, profits lagged, along with share prices, because of the unseasonably warm winters.
Which is why the propane industry is not a favorite of investors. Not a growing industry.
However, it can still be very profitable. There are vast areas of the USA where natural gas is not, and likely never will be, available.
""CenturyLink has made significant progress over the last several years in improving our top-line revenue trend," said Glen F. Post, III, chief executive officer and president. "We have continued to achieve strong operating revenue performance, cash flows and broadband growth, and we remain focused on enhancing long-term shareholder value.
"The share repurchase program, which will be accretive to free cash flow per share, along with our very competitive cash dividend, will enable us to significantly increase the total cash returned to our shareholders in 2013 and 2014. Additionally, we are positioning the company to maintain a dividend payout ratio of less than 60 percent of free cash flow after we have fully utilized our federal income tax net operating loss carryforwards," said Post"
Still trying to wrap my brain around how you spin a 25.5% dividend cut with increasing cash returned to shareholders this year and next.
Interesting, also, how the street didn't see this thing coming. No reaction on the tape until the news came out.
If this is solely a strategic capital reallocation, this move can make sense. However, it appears from the price action that something else is materially amiss.