Are you kidding? In the slim chance that you are not making a joke the stock is worth exactly $3.05 less x-dividend. So why wouldn't the stock drop by that amount, all things being equal?
New buyers will not be entitled to that dividend but will start accruing the subsequent dividend. The stock will drop by the amount of that dividend when it trades post in 3 months. If a stock price did not recover from the x-dividend, dividend paying stocks would eventually fall to $0.
I think you were making a little joke when you made that post. I hope you were.
Your circumstances are unique, and very sad.
I certainly hope your health holds up, and if not you can just pay the "tax".
The insurance you had must have been substandard.
My personal health insurance costs have held fairly steady over the past few years, it is a good plan BC/BS.
Another management decision to make themselves more money, based on the amount of assets they manage. A naive investor might ask, "but aren't they suppose to be looking out for our interests?" The answer, "Sometimes, but when they make a move that destroys 4% of value overnight, no.
Look where the cash is coming from to pay dividends and be afraid, very afraid.
Interesting factoid - shoppers are concerned in spite of the fact that no scientifically valid study has ever linked GM foods with any health issue. And in spite of the fact that virtually everything we eat is genetically modified.
I would think that these consumers would be much more concerned about the highly processed and basically unhealthy nature of "food" such as Goldfish would be of much greater concern.
So management thinks this is a good time to sell shares. I would call them idiots but I am the idiot for trusting them with my money.
Thank you sir, may I have another?
I believe there is a share bought for every share sold. I see the point you were trying to make, I think. The real issue is at what price are buyers wiling to buy (and sellers willing to sell).
I have been wrong before, but I still see CLF as a decent asset play. I never expected the dividend to hold but I guess others thought differently.
Cramer called ETP "dead money". This company has a great track record, and the tax-advantaged payouts have risen over the years (although not lately).
For me ETP is a great fixed income substitute - worth the risk for the extra return.
Sarcasm is a form of humor not appreciated by all. Anyone who would put a dime in this EFIR pump & dump deserves what they will get.
DMLP is an easy to understand investment (they produce and sell oil and gas) with 0 leverage (no debt).
I am selling all of my other stocks, cashing out my IRA, getting cash advances on my credit cards, taking all of the equity out of my home, and borrowing as much money as I can from family & friends to take advantage of this fantastic opportunity.
Anyone who passes on this investment is a damn fool.
I thank you and bless you for providing this priceless information!.
Sounds like you are suffering from a tragic medical condition. My sympathies to you and your family.
But I'll wager you'd like to be paid in "real" money.
I learned in my security analysis classes in college, and this has been reinforced by more experienced investors such as Peter Lynch, and Jim Cramer, if a company is recommended because it is a buyout candidate it should be avoided. The price probably already reflects much of that potential, and if no buyout occurs the downside can be terrible.
Based on old fashioned investment metrics such as earning growth & balance sheet analysis, SMBL is fully valued, to say the least.
If you want to invest in the food business, shouldn’t you just buy a strong dividend paying & growing company like Kraft?
JMHO of course, and best of luck to investors who didn't jump ship like I did today.
Thanks for replying.
I know everything you said is true, I was just venting - I did not expect to be off $5 so quickly on my last lot.
I'm in for the long term. The lack of debt (leverage) should help.
And he's already lost money. I just cannot figure this thing out.
It goes down on lower gas & oil prices, OK.
It goes down on higher gas & oil prices too.
Talk about your lose-lose situation. Are investors afraid the assets are no good?
My other production MLPs do the same thing.
Takeover rumors provided a nice pop for this stock but are probably irrelevant for the long-term investor, like myself.
The dividend is easily covered by the depreciation on the huge capital assets owned.
I think we are more likely to see a cooperative marketing deal with VZ, not a takeover.
A takeover would be inconsistent with VZ's recent spinoff of FTR.
"With questionable cash flows amounting to only -1.1% of operating cash flow, ONEOK Partners' cash flows look clean. Within the questionable cash flow... other operating activities (which can include deferred income taxes, pension charges, and other one-off items) provided the biggest boost, at 1.8% of cash flow from operations. Overall, the biggest drag on FCF came from capital expenditures, which consumed 61.7% of cash from operations."
I would not say the article was all negative.
The Fools lost a lot of credibility with me when the pumped (then long overstayed) the dot.com bubble.