If you cant see that, its by design, Its called brain washing.
I had a sell order in at $51.74 to sell less than 15% of my position but I raised the price.
Im afraid of losing my position and being unable to buy it back at lower prices.
My buys were at lower prices... 44.40, 40.51 and 45.01 as well as dividend reinvestments along the way.
The best move might be to do nothing for another 20+ years.
I thought a big market down move would have a negative effect.
I'm here for the duration. Just thought a 5-6% down move would mean an equal percentage decline in FUR.
On the other hand, SO has held up well. A flight to quality I guess ?
So we have a chance at more than 22 cents. Interestingly, it doesn't mention if they lose money so they must not think that's likely.
Would be nice if it was 40-50 cents, I just don't know how likely that is.
Regarding unwired, I was at first under the impression they were combining the two but it appears that GEC is going to remain stand alone.
The current 2.79 seems reasonable to me given that I guess NAV was 3.61, we are getting 22 cents, so it puts us at about an 17.75 perecent discount.
I'm presuming the 9 percent dividend gets cut after 6-9 months and they blame it on FULLs #$%$ portfolio. The 15 million buyback should keep the discount from falling much more than 20 percent. My guess is the dividend gets cut to 7-8 percent. I'm spelling it out because too many symbols gets posts deleted I think.
Is GEC worth looking into ? I thought I read they have a lot of cash but almost no book value. How is that ?
smallercap | Report Abuse
Unwired Planet brings about 30M cash and over1 Billion on NOLs, Net Operating Losses, to the table. The NOL carry forwards can be used to generate non-taxable operating income/returns for the company. Mast Capital runs the show. That's all I can tell...More
I misspell occasionally. But "loser" has to be a 5th or 6th grade word. I'm sure the stuff I misspell is at a 10th-12th grade level or higher.
Besides, Isn't there a spellcheck ?
Borrowings under the Credit Agreement bear interest, at the Company’s option, at either (1) the highest of the federal funds rate plus 0.50%, the Eurodollar rate for a one-month interest period plus 1.00%, or the administrative agent’s prime rate as announced from time to time, or (2) the Eurodollar rate for the applicable interest period, plus, in each case, an applicable margin based on the Company’s leverage ratio. As of March 31, 2016, the weighted average effective interest rate on the Company’s outstanding borrowings under the Credit Agreement was approximately 3.18%.
I guess SEC filings are above your level of competence.
On May 5, 2016, the Company’s Board of Directors authorized a dividend policy and declared an initial quarterly cash dividend in the amount of $0.025 per share of Class A and Class B issued and outstanding common stock. The dividend will be paid on May 31, 2016 to stockholders of record as of May 16, 2016. Under the dividend policy, the Company will target a cash dividend to the Company's stockholders in the amount of $0.10 per share per annum, payable in equal quarterly installments.
The number isn't meaningful to us because we aren't getting cash. Except the 22 cents.
I guess I cant complain too much. My adjusted average cost is $2.38. Adjusted for the 4 monthly dividends that I got.
The 9% dividend and the $15 million buyback might provide some downside protection. But, these guys, like the last ones are sucking out too much in mgmt. fees.
I guess I should review their presentation.
Not sure why they merged with unwired planet and not sure of their book value
Not sure what the purpose of the 22 cents is.
GEC is down about 7% on the news. This doesn't seem like a great deal to me.
I was seeking a cash out for near NAV.
.025 quarterly on a $1 stock is more than 9 cents on a $5 stock.
Glad to be able to assist you with your grade school spelling & math deficiencies.
One day, a few years from now, you might be able to get your GED.
Its spelled "loser" you moron.
I think TAIT has more upside. And a higher yield.
Don't buy it though. I don't care.
Yesterday traded with the dividend, today without.
Follow the stock price when in doubt. Before the open, it showed $8.50 even though it closed yesterday at $9.75. It automatically reduced it. And todays price doesn't show down because its not.