With its 3% gain today looks like something positive is going on.
Came across an article about TE. Author reported/implied that the coal business could be spun off down the road because TE has quality coal and which has dual properties: 1) low pollutant 2) steel. Now that is dependent on a bunch of factors. EPA and US steel economics. Plus, dividend payout ratio was mentioned at 95% and insiders own more than 5%. Maybe it is time to read 10K that you mention to get a better handle of all this besides the high dividend. GL
Utilities are getting slammed a bit because of interest rate game. revenue squeeze, sector rotation for 2014. HOWEVER, some got a bump today because of Fortis (CAN) offer to buy UNS (AZ) and our dear little VVC got mentioned as a possible acquisition target. So let the M&A dance begin !!!
keep selling them off one by one? Recent article quoted CEO to continue to explore food sales to concentrate on higher margin personal care products. This was from Reuters India.
It reminds me of Pepsi vs Coke, when they followed similar strategies of each other 10 years ago. Especially with their bottlers. Now UL is following Proctor and Gamble in getting rid of food brands. Article with sale speculations, in 2011 was looking at a 14B euro price, excluding ice cream. However, that includes brands that they recently got rid of, IE Skippy, Wish-Bone and others.
I personally prefer a spin-off, dependent on where they are domiciled.
Time will tell, 2014 will be interesting !!! GL
The purpose of the letter is to provide notice required by law that we may be repurchasing additional shares over the next 6 months. The program extends through 2014, so we may provide additional notice of further purchases during this period.
Once again shareholder services sent out a letter from Malon Wilkus which clearly stated the share repurchase program/dividend situation. It is dated 11/8/13. For those who want to know "where is the dividend" I suggest you got to the website or check your mail.
From the letter, 2014 will probably be another year without a divvy and if something changes, they will notify the shareholder. GL
Yes, better than a write-off. Tried to buy more. No takers on my bid. Same down grade analyst did the same to TCPC and others. Time will tell. GL
OGE's stake will be less than CNP, however they will have equal management. Speaking of dividends we should see an announcement soon. Will it be 3 years in a row for 5% or better? GL
Thanks. Sounds like a repeat of 2009. The "street" had it out for them. Plus it was shorted over 10% too. Down another 50 cents today. Getting a little concerned as it is eroding my gains! GLTA
Thanks for the insight. A Mutual Fund newsletter I subscribe to downgraded utilities last month. Predicting revenue squeeze and low growth for the sector. TEG now up only 3% for year. My basket is getting killed today. CNP, OGE, VCC, etc.
Keebon- Yes, I too have noticed the higher dividend reference. They seem to pound that point into the ground. I have held it since 2004 and the dividend growth is amazing. The growth story will be OKE. Maybe over time some larger utility will swoop in. Anyway, there is time as they are at the regulatory phase on the timeline. 1Q next year we will see some data on the spinoff structure.
On a side note, I was on the SFL board today and noticed that you participate there. I got in SFL this year in the $15.24-$16.32 range, I am also a SDRL holder since 2011 with a $32.33 cost. Of the two, I was leaning in picking up more of SDRL. Positive side dividend is as investor friendly as OKE and the backorder of rigs and Russia play. Negative is the debt and the whim of JF and his deal making. There is risk in both, SDRL seems to be the favorite. TIA
Go to corp website they have a pdf/powerpoint presentation from september. It might be updated since they had a presentation yesterday. Debt was discussed/pointed out in bar graphs no figures or percentages shared. Just hoping the debt would be manageable and not hinder onegas.