Have to hold 5% or they get booted from the board. Another fund just raided 2 million from management and board threatening to be hostle. Company paid blackmail and they moved on.
High frequency trades and hedge funds attacking mkt. They seem to signal each other to cording te this selloff.Naked short and high frequency trading should be illegal. How would you like it if someone short sold you house, car, kids and wife!
No, the utility correction already happened. Utilities are raising dividend yields 4 to 6 % per year. They will be way ahead of the Fed. Historically if you look at periods when interest rates rise utility stocks do very well. Economies are improving. Utilities have all refinanced. They are sitting on capital being paid for with cheap monies. Even 3M, Apple, having billions in cash reserves took out very low interest loans in the billions of dollars.
What is unfair is Mangrove Partners gets realize corporate information and voting rights and AT IR takes days to return calls!
Just scummy misleading management. Nice to be on the board, have first hand and all corporate information, have voting rights and be able to buy or sell this stock! Shareholders only get information management has to share.
Fyi, utilities have been the best gainers for the past 5 days, up 2.2 %. This is wnen AT getting crushed. Mgmt buys giving false sign to help who?
What are you talking about? Largest shareholder with board seat selling millions. Mgmt buying thousands.
They challenged management saying there must be a $4 offer. No offer at $4 level. Surprising being the priced paid for wind assets over $3 a share. There board seat was to appease what? We should stop buying, let them sell under $1.
Wall street did not dump all dividend paying stocks, a couple of Utes I own are much higher and going up!
Didn't they get a board seat? I think so! They wanted 300+ million one time dividend. Hopefully they loose board seat.
Would of made a good addition to Berkshire who owns gieko. But Buffet just spent 28 billion for an industrial acquisition.
I believed Allianz should of bought earlier. They made a 5 billion loan and I believe they had some stock warrants.