U.S. Bankruptcy Court Judge Robert Drain approved the sale today for $8.1 million.
cancel191, aka Sagacious One, you need to put your thinking cap on. The purpose of the posting is to demonstrate how poorly FSC is doing.
for $6.96. As I ineptly type this, the stock is now selling for $6.29. It has pulled back by $.67. Factoring in the $.12 in dividends results in a realized decline of $.55. That is the equivalent of a 7.9% decline in approximately two months. I don't think that I will entertain the idea of getting back into FSC anytime soon.
You're absolutely right Phil. It was a wonderful pump job by Barron's. Almost all of the carriers were up significantly today. I got out of JBLU today.
Phil, I have promised my wife that I will not say anything negative about the socialist in the White House who subscribes to the proposition that there should be equal sharing of misery.
If you want to see an ugly graph, take a look at a three-year chart on ARR. I got rid of all the shares I had back in 2012. It was in the 7's back then.
A bunch of them are up nicely. Just checked D, DTE, ED, DUK and TE. I may grab some here.
I quit watching Cramer a long time ago. I find him to be just too clown-like and disingenuous. His show tonight should be interesting. The Cramer of 2007 would package today's market action as having created a lot of buying opportunities, as opposed to dealing with reality and the near term risk. Perhaps the "Bear Stearns Kid" shows more integrity nowadays. I don't know.
If you go to Goo*gle Finance, there is an article which lists several firms/analysts with their ratings and share price targets. "Hold" with a $7 target is common now.
A webcast presentation will be available at the website.