Got the dividend and now it is already back up pre-ex-dividend. Strong support! Maybe it is in recovery like all the articles are saying. Strong demand for their product so despite management feeding from the trough and their inability to manage people and customers respectably they are raking in cash and paying a dividend. That is the only thing supporting this stock price. The product mix improved, which shareholders paid dearly for, and they are paying a dividend. If management wasn't so self motivated and lax (I don't want to imply inept because I don't want to insinuate they aren't capable) with managing their people and brand it could become an even better, or much less not great company.
He has a problem. He doesn't know as much as we do, and we also have 15 years of experience dealing with trolls.
I think companies will do a lot better than people and they only way to have it trickle down is to own shares, and collect their dividends. Investing in equities, and staying almost 100% in equities throughout in the last 9 years, I have managed to make up for my income decline and wealth decline. Since 2006 I have turned 60,000 into 200,000 plus and that is after taking out about 150000 for spending. So that would be possibly over 350,000 if not for withdrawals. This is without margin, and mainly from buying undervalued, companies or those with a great strategy, technologies, you have to be vigilant and knowledgeable. Recently I have been buying high dividend stocks with free levered cash flow and which look sustainable and having growth potential is a plus. FTR is one (though I don't expect much growth from this one unless they address their customer service and can even up the megs on their hot selling 'package' but it is hard to beat this dividend - 'sustainable' is enough for me here. I also bought UBA, and ERF looks good too (all different industries). I am also in a few other stocks (OLED, PPP, and a few which are riskier - so not safe for everyone and they are only a small percent of my portfolio and I won't mention them in order to stay out of trouble). Good luck longs! FTR is not a growth stock as it currently operates, but it looks like it will be able to start growing slowly, perhaps, and at least stay afloat with no more dividend cuts. 8% to 9% is fine with me. Stay right where you are. My inflation thesis is partly why I have bought into a couple beaten down junior miners which look otherwise stable with strong management and decent assets. The end - have a nice weekend. - J
Anyway, back to the inflation basket. Most peoples' actual cost of living has been increasing since 1980 at from 6% to 11% annually according to various independent economic institutions (and at the high end of that if you use the official inflation basket they had in place in 1980). But add in the fact that average total household assets have not increased in real terms at least since 1992 (meaning the average household is not wealthier than it was in 1992), and in addition since about 2000 our average income has been declining (which ceteris paribus might seem deflationary). I know mine decreased from an all-time high of 170K steadily down to 70K this year due to global job dilution. So the wage inflation spiral they used to preach in Macro-economics has been broken. I have less money to spend, like the average guy, so to me, relative to how much I have, things are more than twice as expensive. But dropping wages does not cause deflation because we have the whole world buying things too). To bail ourselves out, assuming we are the government, we will have to print money (however we do it, low rates, QE2, outright printing and circulating more money through government projects, not just to pay down our debt, but to keep stimulating an economy that has been weakened by lower wages and which can't sustain itself from the consumer and demand side, and we otherwise will not be able to pay off the debt. The average taxpayer will have to fork over an additional $123,000, as of today, to pay down the U.S. debt. Forget about that! I had trouble paying down my daughter's debt. Inflation is really personal and subjective though so for most people (except the top 1%), money and costs are an increasing problem. For companies who are benefitting from all their effective lobbying, have been seeing lower costs, reduced labor costs, reduced, borrowing costs, and counterintuitively, reduced commodity costs recently so this is a good environment for equity. TB Cont ....
From Reuters: ""The Fed under (Fed Chair nominee) Janet Yellen will be committed to a very low federal funds rate for several more years," said Jake Lowery, Treasury trader and portfolio manager for global interest rates at ING U.S. Investment Management.
"That commitment to low rates is much more important than the precise timing of tapering," Lowery said, referring to potential reductions in the Fed's large-scale purchases of U.S. Treasuries and mortgage-backed securities."
My Comment: IMO Inflation has always existed, exists, and always will exist. Both low rates and the QE Simulus are inflationary. Low rates = cheap money (which stimulates equity). It means companies that pay dividends can borrow at low costs. When stocks issue dividends above 3% they are atttractive to people seeking income generating instruments. I think more people today are in need of reasonably safe high yield equity. Treasuries I think are as high as they are going to get for quite some time (based on the Yellen appt). The thing is the governement also supports modifying the official inflation basket every year or so so that the inflation numbers remain low and stable (in appearance). That is so that they can borrow at low low rates. That's important because already about 1/3 of our budget goes to servicing the debt and if we can keep the rates down on Treasuries we can then keep spending like children with parents who allow them to have 5 or 6 credit cards. Notice they talk all the time about lowering the deficit. They aren't even considering paying down the debt, just bickering over how much they continue increase it by. Tnis is inflationary (Only it is our children we are borrowing against, not our parents). TB Cont....
Agree - I bought even more today for the dividend but I wouldn t want to deal with their customer sercice what what I read. Maybe someone could take them over and have it generate even more cash - do it right. You can make money panning for gold if you step in it. Why not a training program, get the employees to be consistent and efficient and at least project an attitude that would reflect well on the company brand.
All the implications of the Apple buzz in the background, the LG larger screens coming up, the increasing Samsung payments, it takes a while for it all to translate, at least for the amongst us who are slow to the take. We are poised for a rally but if you want a stock that just follows the market, look for one with a BETA of 1. BTW, Did you see the latest inventions coming out of OLED's research programs, such as their new OVCD 'Organic Vapor Continuum Deposition' process and the new materials that have an efficiency of 125%?
Looks like the stock has been in an uptrend since the end of 2012. Looks bullish now because we are turning up from another higher low. With the Feb report OLED could pass above 40 again. When you see the money, who cares about what disgruntled, hot and bothered, trolls have to say? The March 25 calls look attractive. Just sit back and enjoy the (only slightly bumpy) ride higher. Have a nice Holiday.
You are lost. This is not the S&M board.
Get a quote for the symbol "GLD" (Gold ETF) in Yahoo and check the lastest Seeking Alpha article on Gold. It is a fairly compelling bullish argument.
No. Buy today then no Divi. But the stock is 10 cents cheaper. That is why on ex-div date there is an automatic drop in share prrice equivalent to the dividend, and today apparently plus some. It dropped by about twice the size of the dividend so I bought more at 4.45. The yield of the dividend at this ex-div price 4.43 is over 9%. But thought shareholders were credited on the ex-div date? No? I suppose they debit themselves and then delay the payout?
Aren't analysts usually late to the game, saying sell after it drops, and buy after it rises. They are not very helpful but just don't want to have a rating on something that has gone the other way. I think people like looking at analysts when they agree and that's about it.
Talk about bonanzagrade! Anyone actually read today's PR about their latest discoveries? The "bonanza area" they are calling it, incudes 81.7 g/t Au over 7.2 meters, 85 g/t AU over 9.1 meters and extending to the west is another which is 19.2 g/t Au. This is ultra high grade. There average grade was something like 5 g/t Au. Also they listed 116 g/t over 8.1 meters at only 46 meters near the Cerro Del Gallo deposit. They also have such huge plans now for ramping production in 2014 and 2015 while containing costs (higher gold per ton helps them reduce costs). Sit tight. Heading for 7 again?
I read the transcript too. Looks like the dividiend is solid for a few years. But iwthout having had to do too much digging, I have gone long because I think the company can and will achieve growth. But it could be better. If I were managing I would try to makeover their customer service. If you read Yelp, even though there were a few 4 and maybe 1 5 star review, most were lower and there were many one star reviews. Predominantly the non-one star reviews were complimenting their product - terrific. I think all the one star reviews I read and some wished there could be a negative star option, were railing on about the lack of customer service. I have the impression I would never want to encounter or need their customer service representatives. One reviewer was convinced they had an internal mission of hiring only idiots. I understand their 6 MB package (I hope that is per second) is a hot seller. I know when I was reading the yelp reviews from Windstream customers, they were not happy (putting it nicely) with WIN's 3 MB capacity (constant hangups, blackouts, pauses whatever you call them). One recommended if you are moving, make sure it isn't into a Windstream neighborhood.
Precious metals are bouncing off oversold. So is PPP. I loaded up 5k shares this morning. I liked the report, the new discoveries, Conway too as a CEO. I was overweighted in PLG and had some profits there, so I sold some of that though I think it will hit 3 to 5 within a few years. PLG is not in operation yet though it may be sitting on up to 100 million ounces of Pt with their Waterberg strike. PPP has lower reserves but is generating cash - great property and strategy (well managed). PPP should be good even if gold stays where it is, but I think it will rise and if it does, I expect PPP to ride along with it. I consider PPP undervalued as I did when it was in the 2 range - I sold in the 6 - 7 range. Now buying back.
Thanks for the info - I was interested in comparing telecoms. In comparing dividends of CTL and FTR and WIN in the Telecom Industry I saw an article that basically just blew of WIN as having a dividend that was too high saying the size of the dividend was taken as a red flag meaning shareholders did not think the dividend was secure, that the company would be able to pay it beyond the near future, and anticipating a decline in underlying principal as it diminished. But is that conclusion, that assumption, wrong? It is hard for me to get under this.
I didn't see anything in particular that shows this dinosaur is actually dying, and if it is, it looks like it will be a very slow process. Or are they adapting. I went south to Florida in Octber through Tennessee, and I can't tell you how many towns don't have a cell tower! Go upstate NY too. Just go outside of any town and you are on your own. But that is not their main communication priority as it seems to be sort of a joke and they know exactly where and when you can get a signal. What those people wish for especially is not wireless, and not just and old fashioned phone line, but a solid cable or FIOS connection to support all of it from one connection (TV Phone and Internet). But then I read the Yelp reviews. They are all 1 star ratings (the lowest) with people recommeneding not even to move into a Windstream area). DSL with 3 MB is all they get which is not high speed at all. What to they do split one cable a million different ways? But they didn't complain about customer service. When I checked Frontier Communications on Yelp, it also had some one star ratings (however some 4 and 5 star) ratings. They like the product and are actually satisfied with the connection and speed, but the one star ratings were about customer service. They rail about non-response - zombie like grunts - one was hilarious about how they must have an internal mission to hire idiots. But both companies seem to be in survival mode. My only concern as an investor is despite they both have their characteristic flaws, and they are still making money with levered free cash flow, for how long will they be able to do so?
it is complicated - that forward split was was for a handful of accredited investors who bought millions of shares and were granted their shares just prior to 9/23. Only they are eligible for the forward split. The rest of the existing GPEC common shareholders who were converted at least a day later to the "Universal Technology" from the reverse 1 for 5 split, it sounds like, were not eligible for the forward split. Ahh the privileges and opportunity that wealth brings! (reference the Golden Rule, "Those who have the gold, make the rules". I guess you have to work with what you have.
There was a very extensive 10-q issued last week regarding the new company Nanoflex Power Corporation. You can go to SEC dot Gov and search by company name. This is the new name for Global Photonic Energy Corp which has undergone a few intermediary name changes (including Universal Technology Systems Corp). It is basically the 3rd company founded by the original founders of IDCC and OLED (the new PANL). You can get an overview of their technology platforms there. You can find many of their patents by searching on the USPTO database for the same inventors (FOrrest or Thompson) and assignees you would for OLED. This is the ground floor. They basically waited until they had a commercially viable and competitive technology before going public. They are starting off with no debt and an initial raise of several million to fund a research facility and staff to produce prototypes and continue research and operate. According to an 8-K filed yesterday, the stock will begin trading as OPVS 20 days after the Nov. 25th and my own understanding is that it will be trading at a price reflecting a market cap that is less than 5% of OLED's. The initial trading price will actually be lower than what 95% of the private investors got as they had to undergo a reverse split prior. They would rather price it cheap and have it rise than high and have it drop. I suspect the investors are grumbling a bit but will be fine as long as it does rise. But this will be a rare situation where the public is getting a better deal then the early investors who's shares are also restricted until the end of March. So take advantage, but leave some for me as I am hoping to be a buyer in the 1s and 2s range especially. Their GaAs inorganic tech is phenomenal basically enabling production of thin film solar at efficiencies of 23% and higher, and a price that is only small fraction of the cost of a GaAs wafer making it competitive costwise with electricity from the grid. This was developed in 2012. Cheap organic solar is less efficient but is slightly greener and they own kep components of the technology needed to produce organic solar commercially. I think there are players out there using their tech already but this of course would run a little over my head. Cheers - J