Thanks yahoo for screwing up the name of the bakery. For anyone curious it's B,I.M-B,O
In case you're wondering just who TH #$%$ Bakeries is:
"#$%$ Bakeries USA operates over 70 bakeries and distributes leading brands such as Arnold®, Ball Park®, #$%$®, Boboli®, Brownberry®, EarthGrains®, Entenmann's®, Francisco®, Freihofer's®, Iron Kids®, Marinela®, Mrs Baird's®, Oroweat®, Sara Lee®, Stroehmann®, Thomas'®, and Tia Rosa®. The company operates over 13,000 sales routes. #$%$ Bakeries USA is headquartered in Horsham, Pennsylvania, and is the U.S. Division of Mexico's Grupo #$%$, one of the world's largest baking companies with over 126,000 associates and operations in 19 countries throughout the Americas, Asia and Europe. Its stock has been trading on the Mexican Stock Exchange since 1980 under the ticker #$%$."
From #$%$'s website.
The QTR was terrible and I bailled yesterday at $10.30 for a short term loss. I don't see the point of tying up funds in something that doesn't pay any dividend and has no hope of getting back to where it was last November. This thing has lost almost half its value in the last 9 months. Facts are facts.
This was probably the reason for the Q2 report delay. IMO it's always good news when some entity takes a big stake in a company. It wouldn't surprise me if some insider trading went on or maybe the delay was orchestrated to give BD time to pick up more shares on the cheap. When I learned about the delay I half expected something was up.
I think I'm going to put you on ignore. You're just a basher from another company/country trying to inflate your interests by knocking everybody else down, kind of like an executive on the corporate ladder who gets ahead by bad mouthing his co-workers. Besides that half the statements you make aren't even true. I'm just sick or reading your tripe.
the stomach of an animal (such as a cow or ox) that is eaten as food
: something that is worthless, unimportant, or of poor quality
First I get this: "DJ United States Steel Cut to Hold From Buy by KeyBanc Capital Markets"
Then I get this: "DJ CORRECT: US Steel Raised to Buy From Hold by KeyBanc Capital Markets" in the same second!!!!!!
Is someone playing games or are they just incompetant, or what? Is it any wonder people discount the utterings of these people? Who the heck is Keybank anyway?
They have no exposure to Argentina default issue.
All I know is I'm glad I covered my small short position on the 14th. I had a feeling I was going to get taken to the woodshed if I hung on. Dodged a mortar round.
I don't know.
Here is another interesting tid bit.
"Corn Planting and Harvest Seasons
By Chuck Kowalski
Corn crops around the world have their own unique production cycles of planting and harvest timeframes. Below are the window of opportunities for planting and harvesting corn crops within each country. Grain prices tend to fluctuate the most during the growing seasons, as supply expectations can shift significantly due to planted acreage, weather and growing conditions.
In the United States, most of the corn crop is grown in the Midwest. Typically, the southernmost areas will begin planting first and then the most northern areas will begin planting as the snow is gone and the soil is thawed.
United States (39 percent of world production)
Planting: Corn crops are planted beginning in April and last into June.
Harvest: Corn is mainly harvested in October and is finished by the end of November.
China (21 percent of world production)
Planting: Corn is planted in mid-March through early June.
Harvest: August through October.
European Union (8 percent of world production)
Planting: Mid-April through early June.
Harvest: Mid-August through late October.
Brazil (6 percent of world production)
Planting: Early August through November.
Harvest: February through May.
Argentina (3 percent of world production)
Planting: October through November.
Harvest: March through May.
So, Whatever corn there is, either growing or in storage, is all there is until NEXT October 2015.
In the spring of 1981 corn was $3.40/bu. That doesn't include any adjustment for inflation either. If you factor in inflation, the same bushel of corn today would cost $9.18. Also, don't forget that there was no ethanol indistry. This morning a bushel of corn will cost you $3.78 The last time CORN was this cheap was in July 2010. With all the unrest in the world, the demand for food can only grow and it all starts with corn.
I had a corn crop 1 year and by fall harvest the price went so low it was almost not worth bringing it in. Farmers were chopping it up for silage. The price of livestock went through the roof because people decided it would be better to feed it than sell it. I kept it all and used it to feed to my hogs.
I got into DHY for the first time in Jan 2007, pre recession at $4.20 a share. I've lost about 6,000 bucks in CG&L and earned over 17,000 in divs giving me a net gain of almost 11,000 bucks. DHY is one of the most stable bond funds you can own, it has almost zero volatility. Kinda boring but a good place to park funds instead of losing money sitting in a savings acct. A 9% yield aint bad either. I just closed my position in DHY because at my buy price I wasn't making anywhere 9% it was time to move on. I've been migrating my holding from Corps to Muni's for tax reasons. Also paying way more attention to avoiding wash sales.
Good luck Tim
The HF traders looking for a fraction of a penny per trade are working this puppy like I've never seen before. They can move the price in any direction they choose and as much as they choose. All you need to do to see it in action is look at Time & Sales and you'll see 40 trades in 1 second.
Totally illogical just before ex div. I think it may be program trading by people who aren't watching the store. Maybe they're on vacation.
Are you looking at that as a good thing or a bad thing? The prem/disc spread is an indicator of the popularity of the fund. One doesn't have to look far to see how absurd it can get, PHK a case in point, but it's also a measure of how the shareholders will make out in the event of the fund going BK when all the funds assets get sold off. Don't get me wrong, I've made a boatload on PHK, but as I age I'm getting a little more careful about hitching my wagon to a team of blowup horses.