I do not think the dividend is a problem but I would not expect any increases for quite awhile. When you look at their financial results depreciation is over $2 million per quarter and will be going up due to all the new plant and equipment. You really need to look at cash flow here at least in the short term. Once the new shares are added they will be paying about $3.5 million in dividends per quarter. They are not building the new plant in SC just to collect dust. It will take a little time to get all the projects settled but at the end of the tunnel this could be a very good company to own. I am long and will collect the dividend while they finish all the construction which should ultimately lead to share price growth.
Its about time. They finally broke the downward spiral. We will have to wait until tomorrow to see effect. Only 1407 shares traded after hours and the price ended unchanged from the close. BGS needs to find a couple of good brand acquisitions at the right price.
Just as I wrote the above MMM started to move higher and cut loss. It was down $5.50 all morning but something is happening so you may see UNP trade up for the day. Just goes to show you it is hard to predict market in short run. That is why I am not a trader but sell when I need to buy something I like more or buy to reinvest dividends.
The Dow is being hurt almost exclusively by MMM. Currency translation hurt earnings by about 3.5%. It is down around $5.50. I own MMM and do not see it bouncing back today. It has had a pretty good run in the last year and momentum traders jumped out.
The move into Fitness and Wellness through mobile could end up having revenues just as great as the clothing and shoes. This is something that has developed recently and was not even considered in my original investment decision. Not a lot of chatter about it but it is huge. This brings in all the 20 - 40 somethings that jog and are causal athletes.
Don't know about green but it looks like the low was in early from the knee jerk reaction of momentum players. Depends also on how the overall market does. There are a number of international stocks that have done well recently that are down due to currency issues. All that has to work its way through the process. As a long term investor I like UNP the best over all the rails and I have owned some of the others in the past. It sounds like the port strike was a real killer but I need to listen to the conference call replay which probably will not be available for awhile.
I think all the biotechs are a little tired. CELG is up 62% in the last 12 mos., second only to REGN, up 68%, among the big companies Out of the other three, AMGN, BIIB & GILD, none is up more than 50% or less than 40%. Earnings on the other hand are estimated to be up more than 30% per year for CELG in 2015 or 2016. This is not a small biotech that has been losing money for 5 years and then all of a sudden hits the mother lode and is approved for a $ billion drug. Investing in those stocks in my mind is a #$%$ shoot. This is not a get rich company but one that will deliver superior earnings over a long period of time.
According to Miles they are in no rush to deploy the cash but are looking at making deals across all their businesses. The key factor is always price and does ABT believe they can generate superior returns. There is always stuff on the market but they will not over pay for it. They also have all the Mylan shares that they did not sell which will eventually be monetized.
Nice move as the day transpired. Up $1.42 to close at $80.92. Would be nice to hold at $80+. PE based on 2015 average analysts' estimate is 12.5X. The refining part of the business is so up and down it is hard to determine what it should be. They have great cash flow. Increasing dividends, buy back stock and invest in related businesses plus the chemical JV is self sustaining. We just need the DCP JV to get straightened out. Maybe we will get more clarity on the conference call on 4/30 when they review 1stQ earnings.
Since the PSX fell below $80 in early October 2014, along with most of the energy stocks, PSG has made 4 runs at $80 and not been able to break out. Looks like another attempt is underway. Up to $80.20 earlier today, but beaten back again. I think we also need the market to show some resilience here for us to make it through resistance.
Question is did they sell after listening to the conference call or just on the headlines release. You have to listen to the conference calls. This company is firing on all cylinders. My head is still spinning from all the info they gave in that one hour. I will probably listen again just to find out what I missed.
Very little is being factored into their foray into active/health/mobile. They have had a core presence for about a year and just added two more companies, all with people who use the service. 500 internet/mobile engineers working on expanding the offering and finding other ways of monetizing all those users. Earnings can explode to the upside having very little to do with making clothing and shoes.
Biotechs. Especially the bigger ones that have earnings and a number of products in phase 3 testing. Semi-conductors. Companies like NXPI or SWKs that power smart phones, electronics in cars, security in charge cards.
So far I can only find 2 projects and that was from the recent article about Valero and those to adjunct will take Texas oil. In the Bakken the MDU/Calmut project is also a topping refinery to make diesel. The left overs are then railed to a Calmut refinery (I think in Minnesota) to crack the residual. I have also seen a second topping unit to be built in ND the Trenton Diesel refinery with the residual again railed out. I have also seen MDU looking at building a 2nd diesel topper. All this is just starting to really kick off, but definitely positive for oil production in tight rock.
He is very important because UA does not have great share here but it is growing. He needs to play well in all the majors since we are on a roll and momentum is often as important as current market share.
Notre Dame Spring game (Blue/Gold Game) on NBC sports channel. UA logo all over the field. Now we need Bryce Harper to stay healthy. He supposed to be a star but after his first year at 19 years old has had the injury bug. He is off to a decent start this year appearing in every game and playing Ok. Has 4 HRs and 8 RBI. Just stay healthy.
They manage the company for growth and income. It is still being run as if it was an MLP. Most of the assets are fee based and since natural gas is cheap a lot of it is moving across their toll road. Do not forget about their storage and terminals businesses which are huge. When asked about the $2.00 dividend and then 10% per year thereafter, Kinder said that they were sticking by that and in 2020 the divy should be $3.22. He qualified that by saying that was the base case and it could be higher.
If you had bothered to listen to the conference call instead of running your mouth you would know that the revenues have to do with timing issues. Listen to the conference calls!!!!!