I do not yet own TBTEF. The drip plan conserves cash but also dilutes shareholders.
The only ways I know to deal with a high share count is either (1) share buybacks or (2) reverse split.
TBTEF does not have cash for share buybacks unless they increased debt- unlikely.
Therefore, eventually, someday, TBTEF will likely deal with large number of shares with a reverse split.
If anybody knows some other way to reduce share count, I would like to know how. I do not think they can grow their way out of it at current growth rate.
Although traders can make money trading these penny shares, most of these penny companies are scams. It usually begins to unravel when investors figure out that the press releases these companies publish are full of false claims and unfulfilled promises. They are like a chain letter. You do not want to be the guy at the end of the chain.
BV under $10. $15 million cash. Loses money. No dividend.
Why is Paramount so expensive?
Is this an over priced bubble about to burst?
Not much on their website either.
So is there a trend that increases the share price back to the next big dividend in July? Like more buying for that dividend? If not the share price just continues falling.
I looked at share prices after past dividends. It did not fall that much after July 2013 dividend. Would that indicate more buying to offset price decline from dividend?
I talked to NAK years ago that they should (if at all possible) change the plan to address the critics. For example, relocate tailings ponds to an area less environmentally sensitive. If NAK had to transport raw ore by truck, rail, or ship to another area for processing, they should as long as they could cover the cost. Failure to be flexible, and you lose the entire mine project. Environmentalists and politicians are not logical and your interests are not their interest. Too bad, but it looks the Pebble mine project is over. Rio Tinto bought themselves some positive PR by stabbing their mine partner in the back.
Not an ETF.
It is an ETN. Big difference.
I believe the income is taxed as interest- not dividend.
Glad I sold at 16.60 on 3/24. I thought it would drop, but the secondary made the drop worse.
It is cheap enough for now, but I think they will cut dividend again next quarter and could go lower then.
I will wait to get back in.
Dividend reductions may not end until September quarter.
Yes you are right. Facts are important.
Warren uses facts to manipulate conclusions like everybody but him should pay more taxes.
I bought WMC the day before they announced the 2.35 dividend in December. With the dividend portion in shares, my cost was 15.9355 per share.
I sold this morning for a small 3.65% gain excluding the December dividend.
Reason: My opinion, and I could be wrong, is that WMC is going to continue cutting dividend for next 1-2 quarters down to 45 (of 50) cents, which is 1/2 what is was last year at 90 cents. If that happens, the price will fall closer to 15.17 book value at 14-15. At 14 the (4 X .45) dividend will be 12.85%.
I will take another look at WMC in September to see what the price, dividend, yield and book value are then.
The only other MREIT I own is a small underwater position In MITT which cut their dividend 50% after the pps dropped; but I still yield 10.83% on my cost.
Schwab only charged me 2.38% or $.0262 per share.
Do they treat everybody differently?
Selling (16.85) for 11% over book (15.18). Book dropped to 15.18 from 15.27 at 12/31/13.
Cut dividend 16+% from .80 to .67.
Share price should drop closer to book value: a buying opportunity.
I missed buying more previously at 15.80.
But glad I waited.
My own take on what happened:
Board held Bahcall responsible for issues with clinical trails and required his resignation. May be they demanded changes in trials and he refused.
A review of clinical trails could have been primpted by Friedman joining board.
If true and this results in greater success, it was a good thing.
Market is only reacting to resignation and delays in trials.
Long term prospects may be even better from this.
Is ARII overbought?
After pullback, will advance continue?
How high can it go?
Anybody hear that ARII might increase capacity as CEO said they are maxed out?
Buffet's 5000 railcar orders apparently went to Trinity.