HDD demand is weakening sharply. There is no way that WDC could keep 100+ VP around.
Too many people in WDC HDD sites. A big layoff is the way to go otherwise the managements would be idiot.
Update: Fidelity finally figured out it. 1099 MSB Errors got corrected. Looked like "Wallstreet Concept" caused the errors. Fidelity was very responsive and I am satisfied with the response. Fidelity's support team even had someone conference call me every day to track the progress. Comparing to Etrade, if you had a problem at Etrade, it would take forever to solve it although Etrade reported correctly for MSB this year.
"Wallstreet Concept" that Fidelity is using for Tax Reporting also does reporting for other brokerages. Make sure your brokerage is not using "WallStreet Concept" as its Out sourcing ..
If will make sure my brokerages are not using "WallStreet Concept" from now.
Until today, Fidelity still cannot tell me how they calculated the number. The only thing they told me was "Wallstreet concept" told us it was correct. ... balabalabala..
I am moving out my big assets out of Fidelity. Schwab never got 1099 wrong. I am moving to Schwab and TD Ameritrade , they offer bonus to move assets to them..
If you won Royalty, avoid Fidelity!. The time I have spent was not worth of the money.
I owned MSB in 2012 in different brokerages and also received Taxbooklet form the company. It turned out, The one reported by Fidelity is completely out of range. Fidelity over reported my MSB royalty income by over 100%, while Schwab, Etrade and Scottrade all got it correctly. The worst thing is after I spoke with Fidelity Tax people several times, I found Fidelity Outsourced the tax report to a firm called "Wall Street Concept", Fidelity does not have internal Tax report review team!! So whatever the "wallstreet concept " reported, even it is completely wrong, it will show up on your 1099 MISC.
If you owned this security in Fidelity, check the number again, compare with the number form the tax booklet, you will find that Fidelity is over stating your MSB income by 100%.
Unbelievable, Fidelity is worse than Etrae for reporting your tax..
RENTECH NITROGEN PARTNERS, L.P.
Consolidated Statements of Operations
(Amounts in thousands, except per unit data)
For the Three Months
Ended June 30, For the Six Months
Ended June 30,
2012 2011 2012 2011
$ 70,643 $ 74,385 $ 109,116 $ 98,328
Cost of sales
24,997 36,958 40,898 50,700
45,646 37,427 68,218 47,628
Selling, general and administrative expense
3,884 1,478 6,474 2,604
83 93 636 202
(Gain) loss on disposal of property, plant and equipment
75 (26 ) 47 (72 )
Total operating expenses
4,042 1,545 7,157 2,734
41,604 35,882 61,061 44,894
Other income (expense), net
14 10 30 27
(42 ) (3,280 ) (142 ) (6,319 )
Loss on debt extinguishment
— (9,223 ) — (9,223 )
Loss on interest rate swaps
(580 ) — (580 ) —
Other income (expense), net
232 (12 ) 232 1
Total other expenses, net
(376 ) (12,505 ) (460 ) (15,514 )
Income before income taxes
41,228 23,377 60,601 29,380
Income tax expense
— 9,620 — 12,090
$ 41,228 $ 13,757 $ 60,601 $ 17,290
Net income per unit – Basic
$ 1.08 $ 1.58
Net income per unit – Diluted
$ 1.08 $ 1.58
Weighted-average units used to compute net income per common unit:
BHP puts capital for expansion on hold, this might mean long term outlook for the demand is not clear, otherwise, BHP will not put expansion on hold.
Yes, check your 1099 form sent from your brokers. there is a 1099 MICS item that reported your royalty. I owned MSB in 5 brokerages, all of them reported MSB distribution on 1099 MISC. Check every page of the 1099, it should be there.
The 1099 misc will be sent to IRS, don't ignore it.
called today and got it in 2 min. Planned to upload the booklet to a hosting site and then provide a download link for for the tax booklet for everyone, however, the email said IT IS FOR INTERNAL USE. I decided not to provide the download link.
Argentina Can’t Afford to Nationalize YPF, Banco Santander Says
By Laura Price
Jan. 31 (Bloomberg) -- Argentina’s government can’t afford to buy YPF SA and is unlikely to do so, Banco Santander SA said after Pagina/12 newspaper reported that officials discussed a takeover of the country’s biggest oil company.
President Cristina Fernandez de Kirchner is pressuring Buenos Aires-based YPF to cut dividends to stem capital flight and bolster foreign reserves, Santander analysts led by Maria Eugenia Fernandez Pouchan said in a report today. Santander has a “buy” recommendation on YPF shares.
Argentine government officials, lawmakers and oil industry specialists discussed re-nationalizing the company that was bought by Spain’s Repsol YPF SA in 1999, Pagina/12 reported Jan 29. YPF’s dividend payment, which will probably be about $1.3 billion this year, would be a “huge hit” on the country’s current central bank reserves of $47 billion, Santander said.
“The government does not have enough resources to nationalize or acquire a stake in YPF,” the analysts said. “The government’s aggressive stance against YPF is meant to pressure the company to reduce dividend payments abroad.”
YPF’s American depositary receipts plunged 10 percent in New York yesterday after the Pagina/12 article. YPF said in a regulatory filing today it isn’t aware of any material changes affecting its share price.
A company official in Buenos Aires declined to comment yesterday. Officials at Argentina’s Planning Ministry didn’t return a telephone call from Bloomberg News seeking comment yesterday.
Fernandez’s government is likely to increase pressure on YPF and other oil companies to boost production, prevent shortages and keep fuel prices low, Daniel Kerner, a Buenos Aires-based analyst at Eurasia Group, said in a note yesterday.
“It is unlikely that the government would move forward with outright nationalization,” Kerner said. “It doesn’t have the resources to do so and would send a very negative signal to investors. That being said, some government officials are seriously considering nationalizing YPF, and such a move would likely be popular as well as supported by the opposition.”
Repsol, based in Madrid, owns 57 percent of YPF, according to Bloomberg data.
--Editors: Robin Saponar, Carlos Caminada
To contact the reporter on this story: Laura Price in Buenos Aires at email@example.com
To contact the editor responsible for this story: Dale Crofts at firstname.lastname@example.org
Looked like both the volume and the price for the iron ore are not strong. China is showing slowing down. forward looking Dividends could be down further.
Chinese Bromine is completely sold out now due to Japan Nuclear Power plant milt down. People in china believe Bromine can protect them from Nuclear radiations.
Bromine salt and Bromine are completely sold out in CHINA.
It is always reported on Schedule E, the reported income might be higher than the money you received (check the tax booklet), but after you deduct the costs(based on the tax booklet),you will get the some number as the money you received.