For the excellent management vision and execution provided by Mackey McDonald and Eric Wiseman. Another outstanding quarter from the management team and employees of VF Corporation.
Reuters is reporting speculation about VFC as a possible suitor for Cole-Haan. That would not be my choice. If VFC were looking to add another shoe company, I would suggest high end manufacturer - Allen-Edmonds.
So how is that reverse split working for you. Sort of like a back door session with Barney Frank. If your name is not Crowe or one of his insider buddies in Omaha, you are getting Franked.
My comments about a previous reverse split may be in error as I find no evidence to this. I thought they had had a 1-10 reverse split back around 2005 or 06. I withdraw my second sentence.
This company has been hoseing its shsreholders for years. They are notorius for reverse splits and sweetheart deals with select bondholders. How long before it is $2 per share? Not long. And setting up for the next set of suckers.These guys are experts at sucking cash from foolish investors. Fooled once, but never twice. They live on your greed.
True. It only makes the stock more affordable to smaller investors. Thus reducing risk for the smaller investor via a potentially broader ownership base.
I agree. We will see a dividend increase of $.07/share and a 2-1 split. With the stock price currently so high, the retail investor is far less likely to participate in this heavily institutional owned company.
You are on the money with your comment bringing into focus an ideological problem for America. Is it management's responsibility to MAXIMIZE or OPITMIZE profits. When only the short term result is rewarded, greed is dominate. And until we reward corporate citizenship as well, there will be no change.
The consumer is equally responsible in that they stay focused primarily on the most competitive price.
The country needs to re-invigorate our manufacturing industries through the implimentation of policies that reward new and better ways of doing things. R&D, modernization of equipment & methods, education excellence, tax policy. What too many do not wish to understand is the interdependence and balance within our economic system for it to work efficiently.
The reality is that businesses, American or otherwise, must compete and make a profit for the risk they take. In apparel, which has a high labor content, they must take advantage of manufacturing where that competitive labor exists. Follow the trail of the textile/apparel industry from New England to the South, to Mexico & Latin America to Asia today. If their products were still mostly made in America, you could not afford them, their business would much, much smaller and those 40,000+ jobs would still be gone. This is true in any industry where there is a high content of lower skilled labor.
Losing big on your shorts? What a load of manure you are. Say anything you want, say it long enough and it is bound to eventually be true.
You are going to be very disappointed if earnings support its current price.
My point was that there can be many reasons for exercising options and it should not be construed as a negative vote of confidence. When making your decision, go to the company's investor relations site and look at the Form 4. You can learn a lot. Do not ignore the political and tax environment. There can also be numerous personal reasons, which you will probably never know. Is the individual making a prudent decision based on what is known?
Often on these boards, short term traders attempt to influence a stock with mis-leading negative or positive (incomplete) opinions.
Why would I think you had an agenda? He simply took advantage of older stock options due to expire in 2 and 4 years, at a good profit. With the state of the economy, the leftist focus of both the administration and congress, he probably did what was prudent. Raise cash and diversify. He retains a reasonably significant position in VFC stock. Would you place your future in the hands of Pelosi, Reid, Frank, Waxman, Obama and their whacky friends? Good luck, if you would.