My best guess...
Post-split quarterly FIFO $0.24
expected quarterly dividend $0.18
expected yearly dividend $0.72
expected yield 6.00%
expected stock price post special dividend $11.95
Sentiment: Strong Buy
CLD looks interesting. I bought this morning @ $10.9 based on your suggestion and after researching it. They actually earn money. Debt is reasonable. Coal has probably seen the worst of this downturn, esp. if Republicans take both houses and the EU does major QE and China does a soft landing. US demographics are likely favorable in the next two years for house formation, and thus electricity demand.
We posted at the exact same time and mine got bumped into the round file. I agree. Based on what little AFFO we can surmise, I'd say it's worth at least $15-16 today, maybe $11-12 after the payout, not considering growth opportunities, based on an _eventual_ 76% AFFO and 6% yield -- though my dull brain perplexes and #$%$. I'll take the stock.
Still here with a large position, though I bought $6.5 and sold $7 a few times. There's not much to say. The story is the same...Amitiza growth in Japan, reduced costs in EU, and clinical trials: mucositis, spinal stenosis, retinitis pigmentosa, and then the wild card from the last CC the possibility of leapfrogging dry AMD to PII: " a significant difference in the growth or actually a reduction or stabilization of geographic atrophy growth versus the placebo control in that one year trial. And we are currently in discussions with R-Tech Ueno on the transferability of that data for the western population. And therefore considered it as a basic proof of concept, however there a number of details we still need to clarify before potentially deciding to move forward with a trial in the U.S. term population."
To whomever is the wise person that disliked my post, all I can say is, "HA!" I dislike your dislike. But I do like the profit on this position.
I never did nibble Aug 1st due to the large earnings report gap up. Today looks like a better day to nibble. I doubled what was a very small starter position, so not a huge bet, but I'm really warming up to it.
Dealbook has an article out entitled "Bankruptcy Judge in California Challenges Sanctity of Pensions" detailing the possibility that that the city of Stockton may be able to exit bankruptcy with fewer, or even no, pension costs. First, I think Stockton is the city Brisban was referring to when he said two CCs ago that might hire WLDN as financial manager. Second, one of the ways to avoid pensions is to outsource employees. We'll know more Oct 30th.
It seems pretty clear to me that this company is in the middle of its next build out cycle which should translate into sales by the end of this year. A/R and inventory are building. It's selling at a discount to cash flow. Insiders have bought recently at this level or higher.
Last time it closed this high was 9/2006. Especially impressive considering the Dow was down 238 today. Financials looks good. My interpretation... interest rates will creep higher over the next few years, and the economy will slow grow.
Repeat insider purchases above this price and option accumulation most without the lame "return shares to satisfy tax obligation" nonsense of type M/F. The yield is 5.9%. To me, the pieces look like they're worth more than the whole, and quite likely Gabelli and Renaissance agree.
Perhaps compare to AMED whose expenses were fairly stable last quarter. Or even examine ADUS' recent call where it was noted that WC expense actually declined. "We’re seeing positive trends in our workers’ comp expense in our same-stores. But that said this is something we continually work on and manage. One quarter does not make a long-term trend but we think that certainly it’s a positive sign and as Darby indicated a positive comment on our HR team and agency level team in that area." Overall, ADUS is a well run company with flexibility to adjust over the medium term to changing conditions.