I seem to recall that when they initially pulled the plug on SFY they sold a large part, but not all of their position. Wonder if maybe they were hanging onto that other part hoping for a miracle, and have just now thrown in the towel. Maybe this is CAPITULATION day.
Oh my PA PA......Ouch!.....nibbled on a little at 1.82...........out of the frying pan and into the fire! You holding any SFY? Market cap now about $72 million. Terry, the great value destroyer...
SD now trading well under $1.00. Possibly headed fro bankruptcy. Now that all the wells are drilled, I'm not sure how much SDR is tied to SD. Not much mngt involved to pump the oil and natgas out of the ground. No fracking or reworking that I know of.
Bought my bars from a local dealer in Green Bay that I've dealt with for many years.
Bought some 5 oz Sunshine bars today. Picked the wrong time of the day though as I paid $15.75 spot plus a $1.99 per oz. premium.
Anyone notice that Moly Corp. (MCP) went bankrupt? The MINE is killing this company. Sell it, bury it, flood it, burn it, give it away,.......anything. It's a huge anchor and is pulling the otherwise good energy business down a black hole.
So glad I sold this months ago for the very reason that they wouldn't abandon the dream of being a multi resource company.
Should take a page from ACAS's book and do some buybacks. Of course, that wouldn't serve their FEE purposes, just the peon shareholders like us.
At least they have the time now to concentrate on portfolio holdings rather than worrying about ways to sell more shares.
Phil..........I looked at the NASDAQ site. Their dec dates vary greatly but they would have normally declared by now. There was one in 2013 where they didn't declare the April div until after April 1st.........which would translate to early July.
Before the div was an afterthought, but at an $11~ stock price it comes much more into play. Yield now compares with PG, JNJ, and even some utilities.
When I bought it, it had been "resting" awhile in that 29.75 / .85 bid/ask area. Bought it, it sat still for awhile, then headed lower when I did 1.5 hours of yard work. Not a big position (already hold FEI and FPL)............