And you think you're fit to be posting on the Pfizer message board with this headline? I think not.
gatorblue3: you forgot to mention that under Bush, who was in office eight years, the stock market actually declined from his inauguration to Obamas inauguration.. In the five years Obama has been in office, the stock market has more than doubled. No wonder the GOP stands for grumpy old people.
If Pfizer succeeds in its plan to be a British company look for changes in your dividend payments. European companies often pay two dividends a year instead of four, and foreign taxes are withheld as well, as the company is now longer American. This alone is a major hardship to American stockholders. It involves filling out an extra tax form and late reimbursement of the total dividend. Thanks Pfizer. A proud American company willing to leave the U.S. for a tax benefit. Management will go down in history very poorly.
aces: the post you issued is not only correct, but framed in a positive manner. The fact that you received as many negative as positive votes probably goes to show that some people have multiple aliases and vote numerous times.
First Energy has announced that at the annual meeting the board of directors were approved with a 95% vote for their election. Reminds me of: 1. A North Korean election. 2. George Bush's praise of the head of FEMA during the New Orleans hurricane. Go First Energy. With such unwavering support of the shareholders, we'll soon see a 35 dollar stock price.
Yahoo Finance has the five year growth rate at 17.5% for LGF. Value Line, thinking five years out, has a price target of 35 to 55. Standard and Poor's has a price target of 37. LGF's 52 week high is 37.81. Yet the stock today sits at 26 and change. Is LGF undervalued, or am I missing something fundamental that caused the stock to decline eleven dollars as the indexes are at all time highs?
mrsuerte: why do you think institutions such as pension funds and mutual funds who own the vast majority of shares, keep voting for the management that disappoints?
On a day with less than stellar earnings from FE, he referred to a "Marketwatch" article listed today showing five utility buyout candidates. And good old FE was at the top of the list.
daybull2: Sure hope that they're correct. My concern is the projections for the years earnings aren't too favorable. But 2015 does look better. Of course a hot summer this year could propel 2014's earnings estimates too. It seems too early for analysts to say 2014's earnings won't be favorable.
It appears the only thing left is for a well off miner to buy out Cliffs at a fire sale price. The question is, how low the share price must drop before an announcement is made. The company does have assets that a well run company would want. But at what price?
smittensday: your reply post is very good. That fool believes you have to be unemployed to get Obamacare.
come on mrsuerte: you've left out one important factor altogether. In a few days the Cleveland Browns will get the fourth pick in the NFL draft, pick a winner, turn the franchise around, and when folks see the "First Energy" name on the stadium, they'll be so proud they'll buy stock in First Energy. Then things will get better.
Kudos to Astra Zeneca. Shame on Pfizer. By rejecting the offer, Astra Zeneca has saved Pfizer's small investors millions in taxes. Pfizer's ill advised takeover was structured to hurt ONLY individual investors by forcing them to pay large tax bills on their individually held stock. The whole scheme was un-American and discriminatory to certain Pfizer investors, not all Pfizer investors. For example, IRA accounts would be unaffected. The company has shown itself to be interested in enriching the top management while caring nothing for small investors. Incorporating in Europe to save on taxes tells you all you need to know about Pfizer. Short term gains trump long term interests. What a shameful legacy these executives are leaving.
blueskyys: Obamacare? Really? What hurts golf sales? More golfers quit playing due to old age or death, and are not being replaced by young people taking up the sport. Auto sales and appliance sales are doing very well. Yes, these items are big ticket purchases, much more so than golf. Don't blame Obama for trying to get more people to have health care coverage on golf sales declines.