Anyone pick up on this? The press release made it a point to deny this as an anti-takeover measure however one has to wonder given the recent accumulation by Westcott. Are they worried he may impair the ability to carryover the NOL or something more? Either way it appears they believe he may not be done.
"Lululemon Athletica was upgraded to outperform from neutral, but had its price target cut to 69 from 73 by Robert W. Baird."
Proof that analysts are full of it. Upgrade to outperform but cut price target. Pure genius.
Huh? they just raised their prices making them less competitive. That's no way to gain market share.
Still growing? Shrinking margins and increased competition suggest not.
Good value? The market doesn't think so, down 15% on 9X average daily volume. Look for more downside, probably a $40 stock.
No debt and lots of cash. Why isn't the company buying back their stock then if it's such a great deal?
Any chartists out there. Looking at the 6 month chart this looks like it's setting up an inverse head and shoulders pattern with the neckline at about the $4 mark. If this establishes a $4 "shoulder" there should be a sharp move up to follow. That is, if you believe this sort of thing.
You need a reality check. I don't know or care if it's true but I do know CRK didn't pop 33% based on a Yahoo message board post!
Just to clarify, the dividend is not tax free. There are very few income sources that are "tax free" in the US. It's a return of capital which means the amount of the dividend reduces your cost basis for the stock. When you sell, assuming you sell at a profit, you will pay capital gains tax on the dividend which, depending on your income, is probably at a higher rate than if it was a preferred dividend tax rate. You can verify this by looking at the 1099 that you broker sends at tax time. They automatically adjust the purchase price to reflect the dividend.
Well given the circumstances, 2009 was sort of an anomaly.
Clayton Williams gains as much as 8.2% to highest since May 1 after Third Point 13-F shows new 6.6% stake at end of 1Q (now second-largest holder).
2nd Quarter 2015 448 $ 55.65
3rd Quarter 2015 697 $ 55.65
4th Quarter 2015 592 $ 55.65
So I assume you are aware that almost 80% of the last 10 years this has been higher than where it is today and when it's been lower it was only about $10 lower? Compare that to three spikes where it was $100 plus. Major funds have also been buying in recently. I'm not saying it doesn't go lower but the upside potential is significant. Are you shorting all you can today?
I think read from the last quarter financial guidance they have swaps in place for at least 65% of their remaining 2015 oil production at $56.5. Probably close to what they would have realized for this quarter but should help greatly over the next two quarters.
The dividend is actually a return of capital because it mainly comes from the depreciation write downs allowing them to pay virtually no tax. The dividend is probably safe for the foreseeable future.
"The Company focuses on adjusted pre-tax results since it considers gains and losses on interest rate swaps and the write-off of deferred financing costs to be unrelated to operating performance and since it does not expect to pay any significant income taxes for a number of years due to the availability of accelerated tax depreciation on its existing container fleet and anticipated future equipment purchases."
Maybe you should try your hand at writing fiction novels....you seem to be pretty good at it.