The difference between the giant gap between rich and poor from 1929 and today's is that then the top 1% were those who controlled resources. Today, it is high-level management from corporations that have been sucking the wind out investors and shareholders. Many, if not most, american corporations are infested with CEOs, CFOs, COOs and the like that continue to reward their failures with zero accountability, in connivence with the BDO, which they might also control.
The train here is actually more expensive. It cannot compete with mass transportation like tankers. The advantage the train has is that it may cut transportation time from 40+ days to 2 weeks or less. So, the train will remain a niche market.
You are the simpleton here. MTL has enormous tax deferred liabilities that will substract from any cash available to shareholders. Good luck with the dividend when it comes. Just don't hold your breath.
138,756,915 shares is a large number to split the profit with. You are also leaving out all the costs associated with buying (and profiting from) these preferreds. I am not saying they are bad. As far as I can see they could be as bad or as good as the commons. But they are far from a guaranteed fixed income if/when dividends come back. Even then, so much arbitrary stuff could go on that little is left for them. Could be a home run, could be a complete waste.
Those "preferred" shares are not the typical "preferred" american shares. They are subject to many limitations and don't seem to have any "advantage" over commons as in liquidation preference. They are a weird instrument. The ADRs are half the value of the non-adr preferreds and for some reason (losses most likely) they have not been paying dividends lately. At least, that is what their wwebsite shows. They are also subject to other limitations such as special russian taxes for capital gains and the like. This may or may not happen. There is a lot of discretionary power by russian authorities so in that regard they are a lot less certain than regular preferreds in the US. In addition, the Justice family has been paid with these perferreds and it could be that they have been net sellers.
I may be wrong but if anyone else sees any value on these preferreds please explain.
Management of this company are thieves riding it upon the shoulders of the shareholders. Taking their money.
You have to be joking.
M2M, wireless, mobile... all these are growing exponentially. Everything - and I say EVERYTHING- is moving unto the internet. They are in the right markets. All this company needs is some cost restructuring to be able to produce profits. And then, some better marketing to win LARGER DEALS. Looks like they are doing just that. Maybe their time has come.
Sentiment: Strong Buy