Maybe the company was back in there buying ? Or maybe they would want to wait a few days ?
Or one of the firms upgraded it or something.
An overall down day so this is at least a little positive.
We need to take a longer term outlook here. They have disappointed plenty of times before but in the long run they always consistently make money. The dividend and the buyback limit the downside risk and the longer the stock stays down, the more of a sitting duck they are.
I think they could probably sell it for $16-17 within a few months but ideally, you want to sell into strength.
The Brooks don't need to fire sale the company and long term the buyback will add value. If they get off their duffs and actually buy stock.
So, I think the lower $20s in a few years is better than $16-17 now.
Or maybe they can just sell off the darn boot business and concentrate totally on the 2 rising stars known as Creative Rec and 4ursole.
Revenue and income ? They are overrated.
I may have to put a call in to an outside director or two here. Or a letter so maybe someone will wake them up and read it to them.
Will be interesting to see the volume going forward. And if Insiders step in and buy or not. Do you compete with the company buyback as a director ?
I will call him names & criticize him. Same with the board. But not "complete frauds".
But, no matter, he will sue me anyway.
Sue until nobody dares criticize is apparently his policy. Cost conscious & everything.
The volume just wasn't there for them too buy much last quarter even if they wanted to.
And maybe they put an undisclosed price limit on it ?
im amazed at how many times a company has disappointed me yet I always get bailed out with time and always make money.
RCKY needs to hire an investment banker and put the company on the block
The only way its not worth the upper teens if they continue to let he current bozo run things.
We should be comforted somewhat by the healthy dividend and the potential buyback which both should limit the stocks downside risk.
His answer didn't make sense when I heard it yesterday and it doesn't make sense now.
How can you be actively taking stock, have a program where you can buy during a closed period but then be unable ? The only thing that makes sense is it didn't meet their price criteria. Which, I guess is a good thing give how bad the quarter was, did we really want them buying stock at $13.50 ?
I think Sharp is going to need to be sent packing and the company put on the block. Creative Rec and 4ursol are not going to ever be material to this company, its time they stopped beating that dead horse.
"Yes, with regard to the buyback, you know, we're actively taking stock out at this point, we have that in place. To date we haven’t bought any back, we have a program in place where we could buy in a close period, unfortunately we weren’t able to buy that period. So we'll continue on with that program, provided we can buy a packet value that we feel is appropriate."
Avg cost= $5.20.
I think that's +65% .
But remember, YOU cant make money with TUES.
Can we get more than 16 negatives for this post ? Its like you aren't even trying.
Im interesting in guidance and what they say regarding the buyback since the stock is up so much.
Its not as screaming a buy at $13 as it was at $10. But I still like it for at least a move to the upper teens.
New 5 year high. Could continue higher because, well, if the stocks up, it MUST be worth it.
This might turn out to have been an ideal merger for LACO, but I still want to punch Lyle about a hundred times for doing the reverse split. I submit, without it, we might be at $7 right now. And 2x7 is more than 1 times
Its not a loan repayment. Its a return of capital. Or, if they screw it up, they will code it as a dividend.
Ive seen it done both ways in the past.
If your cost basis was $8.00 per share and they pay $1.72, your new cost basis should become $6.28.
Again, if its coded properly.
Its not a dividend, its a return of capital. It reduces ones cost basis if its properly coded. (And that is not always the case)
The time of the buyout does not matter one bit. You could have held it then but if you sell it before the to be determined ex-dividend date, you don't get the distribution.
Did you listen to the conference call ? They talked in terms an 8th grader could understand. It might have went over your head.
15th straight year. This marks 274 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders that is equal to or greater than the previous quarter. 68+ years.
found it on valuewalk.
Havent seen anything from Arwen.
Or buy the stock which yields 8.1%. ???
I guess in a bad case they could stop the common dividend while the notes take priority.
I didn't read the filing but I hope this replaces all the high yield notes with friends & family.
Because I forget.
The only confusion is that between your ears.
The distribution date has NOT yet been set. Thus, anyone who buys before the to be announced date will be entitled to the distribution. Except Sartini. Its really not complicated.
You can buy stock today, tomorrow and probably for another month or so and still get the distribution. And whoever sells it will not.
Please reread this whenever you get confused. Its really not rocket science.
Its actually just under 5.60.
5.59555 using diluted share count. 10k is out today.
As of March 31, 2016, our four largest shareholders owned over 85% of our outstanding shares of common stock.