5 secs before the close the market , UTG is trading at 29.37 and it closes at $29.20. This trade didn't even show up on the trades before 16:00 The NAV value is down .34% and the market price is down 1.7%.
If it meant anything , why would the stock be selling below 5 dollars or 18% of book value. Apparently the the chief GNW mountebanks take their shareholders for bumbleheads.
No wonder it's continuing to drop. A strong buyback now would force short to cover much 2 million shares they have shorted.. At average daily volume, it would take over 6 days to cover.
GORDON, EPS were down 7.9% from last quarter and revenues were down 27%. What if this is the beginning of a trend? Are officers and directors loading up on the stock. (Mr. Jeffrey S. Hollister , Umesh Choksi ,
Yevgeny Fundler , Luke M. Williams , Michael E. Vaugh). Why not?
People have said the same thing about almost every company in America including Apple, Amazon, Verizon, ATT, Wells Fargo, etc. as well as the US government, state governments, county governments, city governments.
after losing millions and having their dividend cash flow reduced.(ownership as of March of this year)
VANGUARD GROUP INC... 16,895,586 shares
FMR LLC .. 15,585,886
WELLS FARGO & COMPANY/MN ... 6,926,898
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. ...6,669,807
BLACKROCK FUND ADVISORS .....5,946,688
PRUDENTIAL FINANCIAL INC...5,735,430
PRIVATE MANAGEMENT GROUP INC ... 5,558,103
NORTHERN TRUST CORP ... 4,857,593
STATE STREET CORP ... 4,156,197
TENSILE CAPITAL MANAGEMENT LLC .. 3,964,184
GOLDMAN SACHS GROUP INC ...3,807,717
FIRST FOUNDATION ADVISORS ...3,135,197
APG ASSET MANAGEMENT US INC. ... 2,710,000
SCHWAB CHARLES INVESTMENT MANAGEMENT INC ... 2,437,137
BANK OF NEW YORK MELLON CORP ...1,895,555
PS: See www.nasdaq.com/symbol/csg/institutional-holdings
wiping out all the dividends paid during the last 10 months. And they have the gall to announce that the dividend will also be cut when the merger goes through. They take us for third-rate idiots and second-rate fools.
a loss of $158,000.000 loss of market value in a matter of hours and a likely 20% loss of dividend after this merger. One wonders how much money this deal will put in the pocket of execs. Shareholders appear to be taken as fools If CSG was bought out or liquidated at its fair value, the market value could have easily gone up $354,000,000 from its $8 per share price (to$ 9.5) and shareholders would have gained 16% (or more).
By the time shareholders recover any of their money, execs and wheeler dealers will make millions.
+++Wisconsin Republican Roger Rivard claimed that "some girls rape easy."
+++Republican candidate Akin claimed “If it’s a legitimate rape, the female body has ways to try to shut that whole thing down.”
+++Republican Mourdock commenting on pregnancies conceived in rape claimed "it is something that God intended to happen.
+++“A jury could very well conclude that this is a case of buyer’s remorse.” (Senate Candidate Republican Ken Buck, claiming that the victim may not have really been raped even though the perpetrator admitted that he committed the crime.)
+++“The facts show that people who are raped — who are truly raped — the juices don’t flow, the body functions don’t work and they don’t get pregnant.”
North Carolina Republican Henry Aldridge