CEN (an MLP-CEF) declared through May (May 11 x-date)......10.42 cents per month. Stock now @ 9.22. Annual yield of about 13.5%. Not sure how they can do that with necessary cuts in leverage. Pretty gutsy move anyway I guess. Not holding.
$1.1 billion of writeoffs, etc. Cash flow (what REALLY counts) was $21 billion.
Kel................not a current holder
Fido shows "cash available" and "settled funds" when you pull up the TRADE platform. With my normal 40+% cash position (IRA acct), I don't run into problems...............Kel
Noticed some underlying strength the last several days. I have other 'bios' - big, small, and midsized, and PRAN is acting better than all of them since it hit that 48 cent low. Just might add some here. Thoughts?
I am long AMGN. Am a little worried due to the strong US Dollar. I also hold ABT and it's getting crushed mostly due to the strong $ hurting revenues and '16 outlook. Can't tell you what to do......maybe just skip the whole idea............Kel
I believe the CAPEX amount of $65-75 million is backed out of that number. Would make sense, not positive though....................Kel
It would seem that the less bond holders settle for (cents per debt $) the less the "total reorganization package" will be worth. So if equity holders get 4%, it may be a smaller pie, so they'll get less $$ worth of stock.
If the bond holders accept
Restrict sales of H in Mass. See how the citizens react to the AG. GILD has done more for mankind with AIDS and HepC treatments than most politicos (as a group) have ever accomplished in total.
Kel...........long time GILD holder
My guess was 5 - 7.5 cents. Congrats to those who were closer.
Question.........Does the $105 - 125 million of distributable cash flow include the hedging gains on 2016 production? Seems like it must as the outlined MCFE costs are close to inline with current pricing that can be realized. So what they realize from the hedges will basically be the positive cash flow (pre-distribution).......Right??
They do a nice job (better than most) with the info for 2016.
I recall hearing that China's steel industry was operating at about 1/2 of capacity. That will keep pressure on steel prices.