VP Bates named a director.
No mention of reinstating the dividend.
I wonder if Peter is having health issues ? Didn't expect him to totally step down.
After buying 5000 last month. He sold none into the tender offer either.
He had 17.1% as of 5/16, prior to the most recent 68,440 shares.
Jun 25, 2014 MILLER LLOYD I III
Beneficial Owner (10%) indirect Buy 3.1995 to 3.2398 68,440
Illiquid. And didn't insiders just sell shares to themselves at a huge discount to book ?
And did you calculate book correctly with the large "partner" ?
Using a low 6% discount rate, the liquidation analysis is $15.12-20.06
10% discount rate= $12.98-17.317.
They had an offer of $14.25 on the table but it was part stock and they would only guarantee $13.65.
My experience in liquidations is they usually end up higher than mgmt. expects.
So I will probably hold my shares. Perhaps selling my taxable shares to my IRA before the liquidating trust starts.
Or maybe the low ball offerer will step up & over $17-18 and cash us out sooner ?
Got annual report & proxy in the mail today.
Will be interesting to see when at what price the offering is.
I stand corrected. They DO have a small store in there. And they are down to 2 trucks out front.
I was expecting them to go in a bigger space but they went in a smaller one. between a Mexican rest. & a game shop of some time.
And of course wetsnatch is still on ignore.
World would be a better place if trolls like him just died.
muhammetal is almost certainly not bigjim1734.
bigjim1734 and his many imposters are childish frauds. muhammetal has never been anything like them.
What do you want them to say ?
Apparently the move was related to the SA Pro article that came out yesterday. Which I didn't know about until today.
Well, the prelim is out. The actual prospectus will come out at the same time the offering is priced.
Or are they waiting on the SEC for questions on the prelim ?
Ive seen these kind of things happen fairly quickly. usually they will price it afterhours and it sells out the next day and the stock goes down because the pricing is at a discount to market.
I honestly don't know if we are talking about days, weeks or months.
They didn't at first....now they have.... $49
The upgrade on this electric utility holding company comes with a $49 per share price target suggesting upside potential of 10% from current levels.
In other analyst commentary, a Seeking Alpha blogger sees SO as a solid long-term bet and recommends shareholders hold current positions in an article titled, "Is Southern Company Still A Good Buy?" Highlighted is SO's improving results, attractive 4.7% dividend yield and 13 years of consecutive dividend hikes.
UPGRADE: Southern (SO) upgraded by Argus from Hold to Buy.
BRIEFING.COM 7:30 AM ET 6/24/2014
I hadn't seen it till today.
But, I guess they paid out a number of 7 cent dividends.