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.
I think it happened last year. Theres no way that would happen without a proxy advisor telling firms to do it.
On April 24, 2014, the Company held its Annual Meeting of Shareholders (the “Meeting”). The total number of shares of the Company’s common stock voted in person or by proxy at the Meeting was 1,615,168 of the 1,720,889 shares outstanding and entitled to vote at the Meeting. The matters voted on by shareholders and the number of votes cast for, against or withheld, as well as abstentions and broker non-votes, if applicable, with respect to each matter is set forth below.
Proposal 1. To elect the nominees listed below as directors of the Company:
Philip L. Cooley
Kenneth R. Cooper
William L. Johnson
James P. Mastrian
Ruth J. Person
There were 237,031 broker non-votes with respect to the election of directors.
Poster below said they could payout 25 cents a year.
Regardless of how much they pay out, I don't think it will command a 5% yield. More like 6-7% but even that's a big increase from current levels.
In Q1, LOAN earned $0.05, with nearly $0.03 paid in tax, annualized this equals $0.28, allowing for a 90% payout or $0.25/share!
Assuming LOAN becomes a REIT, share price will be much higher not only based on tax saved, but more importantly when it is rerated as a REIT, valuation will be based on yield as opposed to a unclassified microcap finance company
Because ALL shareholders have equal rights. Everyone can buy more. And those that don't can sell their rights and get something for them anyway.
My problem is not with the fairness of rights offerings. My question is how come he cant live with the very large amount of capital & cash flow he currently has ?
Why does he need more, apparently EVERY year ?
Does the Q mention how much he paid for Maxim and 1st Guard ?
I admit it, I don't usually read them. Which is why I would appreciate a longer press release 4 times a year.
Sales are the opportunity !
But, with the stock at $18, they are going to have to show positive comps going forward. (Except maybe for the current quarter because they blew out so much of the heavily discounted old merchandise)
$18 requires a lot going forward. If they only show comp stores sales of +2% for the Xmas quarter, this thing could tank. At some point, they are going to have to show meaningful EPS. My hope is it will be this Xmas quarter.
50-60 cents per year is simply not enough for an $18 stock even assuming modest growth going forward.
Its fundamentally fair to everyone equally but when is enough ? Is he going to raise money every year forever with below market rights offerings ?
What if he starts doing them every 6 months ?
How much is enough ?
His argument that TUES had went up too much for the results shown was rational.
Now, however, it appears the turnaround is well underway and its reasonable to expect 10%+ comps in the next few quarters at least.
As Ive been saying the proof will be in their results for the next Christmas quarter and from all indications they are going to show massive improvements in both sales & earnings.
My argument all along was the market expected good results and that's why the stock was up.
My remaining position is small so a move to the low $20s isn't going to mean a lot but its nice to see them fix the chain that Mason nearly ruined.
I thought Mason was getting great deals by buying in bigger quantities but clearly she wasn't getting big enough discounts to justify cluttering up the stores with years old merchandise.
Yes, but that's a minor concern and they are very close to being about to settle those issues with cash on hand & property sales.
I wonder if they haven't gotten an offer for the whole she-bang at above NAV,
nobody is winning. CBRL & BH are both well off their highs.
BH is stuck. He says its the 4th inning. Which suggests he might think he has 5+ more years to go to get a board seat and/or control.
Isnt it a scam business ? Can they dividend out cash with the feds on them ?
I never was comfortable with the entire concept of creating schools so they can bilk the government out of money.
Buffett: "If you're issuing stock continually, one way or another you probably have a chain-letter model going."
RCKY needs to STOP shooting shareholders in the foot with discounted offerings.
That said, these things can sometimes bring more support to a stock. Hopefully that will happen here.
There is a a kmart shopping center near me that has excess parking and it appears that 3 large but not semi shoe store trucks have set up permanent shop there.
Ive seen advertisments on a billboard as well as the trucks themselves and even discounts from a local groupon type marketer.
The trucks have a number of different shoe name brands.
I haven't stopped or went in one of them and I don't know if they have one guy running all 3 trucks or what ?
Just some interesting shoe marketing. I don't believe they carry RCKY brands.
I guess its possible they are moving in an empty storefront but I haven't noticed them. I have noticed the trucks there for several months now.
Saw a pic where one of their savings methods was instead of serving pancakes and bacon on 2 different plates, they will serve it on one. Thus saving on labor for washing fewer dishes.
Getting things done ?. She is the head buyer. TUES is a price sensitive chain.
She is used to buying for a full price big box chain.