Sounds about right. I am expecting a dividend to be in place by the fourth quarter of this year, probably in the 3% yield range. A dividend announcement should put a solid floor under the stock at the IPO price.
I posted a few weeks ago that I believed AMC could get to $25 by the time the summer movie season gets rolling. Well we all know that AMC overshot that target within a few days of me making that post and has since pulled back to around the $23 area. I think this is a healthy pullback as the stock had simply gotten ahead of itself. If you are interested in owning AMC this looks like a good time to initiate a position or add shares.
I still suspect that the company will announce some sort of dividend policy before the end of this year which will certainly attract the institutional crowd. Regal and Cinemark both yield well over 3% so I expect AMC to initiate a dividend within the 3%-4% ballpark.
Interesting but I don't think too many folks want to be short going into the weekend with the Crimea vote happening on Sunday. I suspect the gold shares may rally for a while especially if spot gold continues its upward momentum.
I think BRIZF will take it's next leg higher once gold is able to breach the $1350-$1400 level. I suspect that will happen within the next couple of months but of course the gold market is heavily manipulated so it could take longer than that. Longer term I can certainly see this stock trading north of $5.00 once gold breaks to new highs and their resources in the ground are revalued.
PHOT had a chance to breakout yesterday above $.47 but there are simply too many flippers here. Just look at the volume traded between $.39 and $.41, that's all the evidence you need. It's very hard for a stock to gain upside traction with so many traders willing to take a penny profit on 10,000 shares.
I would not mind seeing a split but why would they do that while they are buying back shares? I have not been involved with a lot of stocks that split so I am curious why they would reduce the float only to re-inflate it with a split. Can anyone shed some light on how that would actually work?
Hey I'm with you 100%. I did my research on BRI and established a position once I discovered who the heavy hitters behind the company are. Marin Katusa is another heavyweight with a significant position in this company along with Sprott and Casey as you mentioned. Also, Amir Adnani is running the daily operations. This guy has a great reputation as a company builder and he knows when to pounce on undervalued or under appreciated assets when they go on sale. Of course it is very speculative but I believe this stock is a buy and hold for the long term.
I owned Disney between $28-$30 years ago but like a fool I sold it around $35. That was probably the biggest mistake I ever made in the market; I was trying to trade a buy and hold stock. I ended up buying back in at $64 several months ago. This time I have zero plans on selling. In fact if it does dip below my cost basis I will simply buy more.
Just wait until the Star Wars Episode 7 hype gets rolling over the next year or so. A lot of people still don't even know that Disney owns LucasFilm now. They will want to own a piece of the Star Wars brand and owning DIS is the way to do just that.
It's got a really good shot at that number if the overall markets don't keel over. Star Wars, Marvel, ESPN and ABC are the reasons to hold this virtually forever and turn the shares over to your kids one day.
The volume today is what caught my eye. Somebody is buying a significant chunk of stock today. If gold continues to move higher this stock will move along with it but likely at a much faster pace.
I think the low volume is just a symptom of the stock still being under the radar. I suspect that at some point this year they will announce a dividend policy that will certainly bring more attention to the stock particularly from the big institutional players.
I see AMC trading over $25 by the time the summer movie season gets rolling. Looks like a good buy at current levels.
The Chinese owned AMC Entertainment went public back in December at $18 a share and currently trades around $21. There are some very interesting aspects about this particular theater chain, one of which is the fact that they have the largest IMAX footprint of all of the exhibitors at 135 screens. They have also moved to a more luxury theater model sacrificing additional seating for more comfortable accommodations.On paper AMC is undervalued when compared to Regal, Cinemark and Carmike and they are expected to initiate a comparable dividend policy in the not too distant future.
I like AMC as a proxy way to play IMAX. They have 44% of the IMAX screen count among exhibitors and hopefully unlike IMAX the insiders will not sabotage their shareholders at every turn. As as IMAX investor what are your thoughts on AMC?
The miners in general have bottomed and a lot of positives are going on for gold right now. The technical indicators for AUQ turned positive about two weeks ago and continue to improve. The short gold miners trade was a very profitable one last year but I think that trade has run its course.
Very nice report and excellent price action today. The technical indicators on AUQ are turning mostly positive right now. It's time to make a run on that $5 level. In the meantime just collect that dividend and wait it out like you said.
Patience is required. Gold's run was halted around $1270, it's back down to around $1240. On the next move AUQ will go higher and from a higher base.