I am somewhat confused. The PVD website, which is in Spanish, sports the Snoopy logo, which leads me to believe the they are representing to the public that PVD is a wholly owned subsidiary of Metlife. Obviously this creates a false perception and is strongly evidentiary of how Metlife intends to treat us minority "invisible" shareholders. I tried to get an explanation from Metlife and was ignored. This obviously heightens the concern.
I am a retired business attorney. Although somewhat familiar with some of the basics of securities laws and regulations, I never actually practiced in that area. My suspicion is that Metlife intends to remain silent about its intentions for dividends and ultimately force out the dispirited and disappointed remaining retail investors until Metlife effectively has complete ownership. l. Such actions could possibly result in liability for shareholder oppression. The next step would be a class action lawsuit for now I will sit and wait a little longer.
Intend to continue monitoring situation until a clearer picture emerges. I would much appreciate the insight and input of others on this board.
Eerie silence from pvd. No dividend. I am concerned that Metlife mgmt may be attempting to pull off a squeeze play, forcing remaining shareholders to capitulate and sell out. There may be legal issues off minority share oppression. Is there anyone out there able to shed any light as to PVD's future treatment of us minority shareholders?.
Tom, i have been following the discussion and your zero value input. Your pompous #$%$ narcissistic attitude qualifies you for a position in the obama administration. You should apply ASAP.
The pvd corporate website is in Spanish, which I don't understand. I did see the MetLife snoopy logo, which left me with the impression that MetLife is creating the impression that pvd is just another corporate subsidiary of MetLife. If so, MetLife management is acting as if they had forgotten that there are other shareholders of pvd and it is not exclusively theirs to do with as they please. If my impression is correct, then MetLife may intend to force out the minority retail holders through minority shareholder oppression methods such as withholding dividend distributions. This will have the affect of making our shares unmarketable at a price that is reflective of the assets and income level of pvd. Then our shares can be picked up for a fraction of their worth. I am keeping an open mind, but will keep close eye on developments, and if necessary, contact a class action securities litigation law firm to follow up on enforcing our shareholder minority rights. Please provide any feedback that would shed some understanding on met life's corporate intentions.
There is no news out to explain the Monday drop which came after weeks of very stable pricing. Very high volume too. No news available to investors to explain this sudden large move. My own suspicion is that it was insiders dumping stock in anticipation of some type of negative news to be released shortly.
Does anyone have real information or explanation for just what has precipitated this drop that they can share on this board? I think most of us are already spooked by the MetLife majority stake takeover.
Earning surprises are usually positive for this stock. Yet projection are for significant earnings declines. Does anyone here understand why this company with a relatively conservative business model and low p/e get no respect from the analysts?
first they raise the dividend to a stratospheric 30 cents to instill confidence and probably sell into the rally, only to pull out the rug and offer bargain basement prices to friends and family. The greeks may have invented ethics but the new breed are devoid of any. This is nothing short of stock manipulation, greed and fraud.
It's getting a little frustrating owning this stock. I suspect that the co. is doing OK, but the lack of any type of feedback is an annoyance and a drag on the PPS. Maybe mgmt wants to drive the price down so that they can pick off disillusioned shareholders before the stock is driven up again. who knows.
Because the industry is likely to be at an inflection point during 2012 and a turnaround is just around the bend.