Just bought yesterday, the ExDiv date. If this is the "largest publicly owned liquor retail company", why isn't it on everybody's radar? Some days there is no trading at all.
I think the sp is down due to the new CEO's expansion plans: hiring sales and marketing people and opening new stores. The eps was negative last quarter due to a lower gross profit margin and higher administrative costs. I look for a recovery in eps by the end of the year. Consumer spending is up, and the summer is in full swing.
I've looked again at the K-1, this time from the IRA account that didn't have any purchases during the year like my brokerage account did, where I was chasing my money. I was reading it wrong above. The "STMT" reference was under item #20 - I was reading it as across from item #14 for self-employment income. My S-E income is blank, thank God.
Also, it would seem that 59.5% of our distributions were "return of capital" after calculating and reconciling all the interest, royalties, hedging losses and depletion. But you don't get to call it ROC as a limited partner. So I guess it's on to Schedule E on our amended return. Bummer
You're right. We need to file an amended return and I'll show the statement info on schedule E. I'm not opening that S-E can of worms.
Today my wife and I received our Form K-1 from Sandridge. I guess they're within the deadline, but we filed early last month and our refund is already spent. I would ignore the fact that I reported all our distributions as ordinary dividends since , once our Social Security income is backed out, we are somewhat south of the poverty level. But another late document came in the same mail. A 1099R for our farm included some of the wife's nephews rent income. (The farm is in Oklahoma. We don't live there, just rent out the wheat cropland.)
We should file an amended return, or we could just wait for the IRS to question the discrepancy. Thinking the amended return would be simple enough, I looked at the K-1. To my surprise, much of the distribution is interest income - and 13% of all the income was earned in Kansas. Now, being an Okie that shops is Muskogee, I've no desire to file a Kansas tax return.
Worse yet, box 14 for Self-employment earnings shows "STMT" which I guess is the one showing interest, royalty, hedging loss, royalty deductions, and then cost depletion which equals 66% of royalty income. Now if we show the interest income on line 8a it's not self employment earnings - that's good. Then by reducing the royalty income by the hedging loss and cost depletion, our net S-E earnings are under the $600 required before the dreaded S-E tax of 14% is due. But, I sure pity all you big boys out there. On top of the beating you've taken on the stock price, you have to pay self-employment tax. And I guess you'll need to file both Oklahoma and Kansas tax returns. Have fun.
...might be the cause of SDR and SDT's drop in production. The Mississippian starts in north central Oklahoma and stretches up into south west Kansas. For those of you traders that don't live here or have not visited (Why would you?) it's very dry, and getting drier. Fracking takes a lot of water...millions of gallons per well. SD drilled disposal wells, but I've not heard much about source wells. Any thoughts?
Beware of the "Dead Cat Bounce".
I've held 400 shares since July 2012, soon after the IPO. I liked it then with its yield of 9.5%. Tell me if wrong, but am I not still getting about the same yield, and if sold now, would give up a 25% yield on the proceeds? (Yes, the Seeking Alpha article predicts a nightmare on the way.)
So, what to do?
I bought soon after the IPO at just under 21 after reading the prospectus. Then I reinvested the dividends right back into SDR thinking each time that "it can't go any lower." I should of listened to you guys.
Now that makes sense. I did look at the last press release on the company web site, but saw no Balance Sheets. I'm a retired CPA and love balance sheets and SEC reports. Do UK companies have to file them if listed on the NYSE? They should.
Again, thanks for your help.
Yahoo sent an e-mail to my "another question" saying I had a response. It opened ok in g-mail, but the second paragraph was incomplete. When I clicked on "more" the message was lost, and this board shows no replies to "another question". (I did use an abbreviation for a cussword. Guess that's a no-no)
Just jumped in yesterday. I invest for income.
My DD consisted of reviewing the stats on Yahoo Finance, mostly the ratios and divvy %. Today I looked for the current balance sheet and only found reports for 12/31/2012, 2011,etc. Although I'm 79, I still said #$%$!
When will they report 2013, and where? Also I read that they bought back over one MILLION shares in 2013. That should change the ratio for Debt to Equity and Market Cap as reported by Yahoo. The next line said the company planed to buy back one BILLION shares. Can that be right?
It's never too late. I opened a DRIP at age 70; needed $$ at age 74, so cashed in at a nice profit; regretted cashing in, but as the last bank draft hit after cashing in, the account was still open. I started up again at age 75. Now I'm 79, still dripping and wishing I had the shares I cashed in when just a young fellow. :-)
My risk tolerance must be way up there since I've been holding on almost from the get-go. At the time of my purchase in July 2012, the distribution was just under 50 cents, giving a yield of 9.5%. I liked SDR then, and I like it even more now. (I re-invest the dividends into more SDR.)
Looking at the glass as half empty and selling now, you give up an 18% yield.
I'm happy for you loyal investors. ("Shares closed at $26.50 and were unchanged after hours. Through the close, the stock is up 22% over the past three months." Nathalie Tadena at the WSJ) I sold out at $30 and change in 2011.
This is OT, but my granddaughter, a lawyer, was among the 900 laid off on Friday. She did receive three months pay and allowed to take out her shares in their stock plan. It's hard to believe that costs 70 million.
A Seeking Alpha article this morning in SD, tells us how the Permian Trust (PER) is a depleting asset. (If you didn't know that, you should not be in any O&G trusts.) But, PER went up today while SDT and SDR went way down - all on late volume. Could the culprit be Sandridge (the parent)? They hold major positions in all their trusts. They would not play dirty tricks on us poor bag holders would they?