High frequency traders only play with trend, and I do not think their parents know anything valuation when they were having sex.
2013 4Q 13F filings for institutional holders are coming by the middle of this month. In 2013 3Q, none of 12 largest institutional holders was selling JCP shares. In fact, 12 largest institutional holders increase their holding by 47M shares in 2013 3Q.
Just wait, time will prove everything
you cheap people, this is my 13000 share position in HIG, latest screen short
right, when HIG was below @$20, what happened to them??? they used more than $1.5B to pay off the debt with early termination penalty $200M. The debt was only generating 6.5% interest.
honestly, I trust my girlfriend's #$%$ more than McGee's mouth...They announced $1B repurchase in 2009(in 2009 annual report), but never happened. Now, they said "a new, two-year $2.656 billion capital management plan", that tells me $2.656 billion "additional"
They still have $600 million from the previous repurchase program? Is that $2.0B additional?
I think they should use that $2B to declare a special dividend which is about $4.5 per share. Who knows what will happen in 2015? just distribute the money!!!!
what happed to the remaining ~ 600 million dollar left from previous capital program?
I am holding my 12000 shares, but I am disappointed. This company had not learn from the past -- they think they are smart and keep gambling the market.
Over the past 5 qtrs, they have accumulated 1 billion capital loss on what they call "Japan Hedging Program", but there is still 2 billion risky asset just for Japan VA business.