That's the better question IMO. Why in the he** are they continually buying up companies when they can better utilize their capital by just buying back their stock 50 cents on the dollar?
But what the PR doesn't say is whether or not this excise tax credit will also be forthcoming in 2015. So will REGI and the other producers have to wait until December 2015 to find out if they will get the credit for calendar 2015?
on ASTC today. My guess is we have a good deal of tax loss selling taking place. A great time for the company to be buying back stock. Hopefully they are taking advantage of the current action to buy as much as they can.
In hindsight now, with the whole sector under pressure, may be the time for making deals. Unfortunately, right now MILL must be satisfied with playing with their current portfolio and shooting for singles instead of home runs.
at $9.24 yesterday. For those mathematically challenged, he invested another $97,000 plus in these C shares. My guess he's planning to pay the dividend. I did post two days ago it was time to get rich buying the C and D preferred shares at these prices.
SPAM SPAM SPAM and even if it wasn't SPAM that Thanksgiving call would have to go down as one of the worst call anyone could have made short term.
I do agree don, d's are the way to go versus the c's and most definitely versus the common. But it's going to very hard for any meaningful rally with the price of oil sinking almost every day.
There are many announced buybacks in which many companies never follow through with any meaningful purchases. That's why i said lets hope they actually take advantage of these low prices to buy back the stock. Also a $5 million buyback would only be about 10% of their outstanding shares. Meaningful but not a decisive move IMO. I'd take a big 1st Detect order over any buyback announcement.
by the end of calendar 2015. Now let's just hope they follow through and execute on the planned purchases.
Lets see all you have to do is by either the MILL Preferred C's or D's to establish a 30% plus per cent yearly return on your investment. That's not even taking into account exiting at par on a takeover. That will add another 200% return on your money.
You may be right sam, but I'm still expecting to see a good deal of "Cheating" on any previously assigned member quotas.
In my opinion many of the OPEC countries are living well beyond the $60 price of oil today. So instead of holding production at previous levels, i expect that several will be ramping up production to pay the bills. Thus I'm expecting more and more production from OPEC as the price falls further. I expect we will finally see some excellent books written on the "Rise And Fall" of OPEC if my scenario holds true.
will come back up fairly quickly; I say watch out that OPEC doesn't collapse first. They have had a good 40 year run pretty much calling the shots on oil pricing. That's a long time for a cartel to have the upper hand. I believe there is a real possibility for the breakup to become a reality. Ask yourself where do you think the price of oil would end up at should that scenario unfold?
don, that's exactly what they should be doing, a private placement with attached warrants. Some will say the common stock price is too low for that course of action. I say well when you get yourself in this "sickly" situation you have got to take your medicine first. By not raising any capital quickly both your common and preferred issues will stay weak on the "assumption" that they will have to do a offering sooner or later.
Well the problem with the story on China taking advantage of the current oil prices is you never know how long that scenario is going to last. Do you think they would announce to the world that they are going to build a strategic petroleum reserve that will take 2 to 3 years on a max delivery schedule to fill up? If they announced that, I would call it a real possibility that the bottom in the oil price fall has been reached. In the interim, I expect we will continue to see falling oil prices for some time.