For a moment I thought you was talking to DB at QCOR.
Its a shame that a stock with such a run has to have its message boards cluttered up with more posts about anything other than our stock.
There was a time when I thought the quality on this board was second to none. Now you have to sort through the junk to even find anything on our stock.
This stock was at $74 not long ago and now its at $62.
Lets get back where we belong and than see the news release for the Q.
I have a great novel idea.
Lets take this topic to the ATRS board where it belongs.
That way nobody gets #$%$ and f they do its over there.
The missing item here is that we don't know how they pay their tax obligation. If they have this already allowed for than the answer is a slight possible yes.
The other item that we don't know is if they did any stock purchases.
There is more to this release than just that. Read this part and understand that its a strong hint that the Div will at least maintain this ratio as earnings continue to grow going forward.
I doubt that they bought back any stock this quarter..
""""To date we have maintained a payout ratio-dividends paid per share divided by earnings per share-of approximately 20%." """"
According to the 6/30 balance sheet cash was $166 million including restricted. So the cash increase was $112 million. I don't recall off the top when the dividend was paid but I suspect it was in July which means that they earned another at least $15 million on top of this.
I have no idea if they bought in any stock during the quarter and do understand that 4 days in October must be removed.
Seems to me that we had a very strong quarter and hope to hear from the true smart guys here on if this increases their numbers or reduces them. Hopefully one of them will comment on a new thread so what they have to say doesn't get lost in this one.
ANAHEIM, Calif., Oct. 10, 2013 /PRNewswire/ -- Questcor Pharmaceuticals, Inc. (Nasdaq: QCOR) today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share ($1.20 per share on an annual basis), reflecting a 5 cent or 20 percent increase over the previous quarter's dividend, and a 50 percent increase year over year. The dividend will be paid on or about October 30, 2013 to shareholders of record at the close of business on October 22, 2013. "Our second dividend increase this year reflects our strong financial performance to date, driven by increasing usage of Acthar among physicians to treat patients with serious, difficult to treat medical conditions," said Don M. Bailey, President and CEO of Questcor. "Our business is generating a growing amount of cash flow, as evidenced by Questcor's $278 million in cash and investments at October 4, 2013. Our cash position includes $75 million in restricted cash, unchanged from the second quarter 2013. We remain committed to using our strong cash flow to invest in our business, including significant investments in R&D, while returning cash to shareholders. To date we have maintained a payout ratio-dividends paid per share divided by earnings per share-of approximately 20%."
I have tried to get a handle on this earlier this year and didn't have much luck. I do think that others should make an attempt to get the picture figured out because if this can be verified than a lot of folks should be buying here and in CHK and probably RRC.
Yep, they set the bar low.
Problem is that scripts# aren't reaching even that high so the analysts have to drop their expectations.
Now they finally hire more reps. Bout time.
350 Utica wells drilled and most are waiting to come on line. Thats a lot of cash tied up and soon going to come free at something like $8-9 million per copy.
Wrong if we didn't have people down there fighting for some commonsense with the spending the country would already be done.
Get rid of the goofy spenders and even worse regulations that are job killers and that never knew how to even manage their own credit cards.
Sort out the dumb dead wood and get rid of them.
Harry Reid has to go.
he is the oldest orniest old fart that was ever in DC.
Without him involved this would have been compromised a long time ago.
I can tell you that there is absolutely no chance that the company goes for a low $70's type number as the board would simply turn it down as inadaquate. I can't see them accepting a number below say $110 and even that might not wash.
I'm basing a lot of this on the expected 30% growth level which seems to make sense.
The one thing that doesn't add up here is that the stock didn't act overly excited today so either this news leaked after the market closed or it isn't real. Even that makes no sense as the after hour buying is too light for it to be real.
Just show me some sales that aren't with big discount coupons.
gonna be a long time before you see those ppa's.