The book value was $6.381 a share on 9/30/12. If the stock drops much lower someone could buy the Company and sell off the assets??
Sentiment: Strong Sell
you are putting up $100,000 ($10.00 a share) to get the $2600 dividend. You have to hope the stock does'nt drop more than that during the interim. Usualy the stock drops on the ex div date
Probably a good move. Years ago Peter Lynch, one of the geatests investors of all time hit a "4 bagger" (REALLY BIG GAIN) when he noticed that more and more women walking to work in Manhatten were wearing sneakers instead of heels. He bought NIKE etc. and the rest is history.
Tax his cow, tax his goat
tax his pants, tax his coat
tax his crops, tax his work
tax his tie. Tax his shirt
tax his chew, tax his smoke
teach him taxes are no joke
tax his oil, tax his gas
tax his notes, tax his cash
put these words upon his tomb:
"taxes drove me to my doom."
when he's gone he cant relax.
he'll have to pay a inheritance tax!
Watching this once great Company slowly go down to nothing is like Chinese water torture. I don't know if it's the economy, the electronic revolution, poor management or a combination of the three. You should be questioning your management and asking what their plans are for the future. Things must change now, before it's too late.
Not sure if it was called but there was a news release on 6/1 stating rrd had a $600 million offering. Proceeds, in part were to retire some debt. You should have gotten some info if it was called.
I think that when a Company announces a stock buyback they are saying that they can't find a suitable investment that will provide a good return and increase earnings. They hope that the buyback, reducing the number of shares, will result in an increase in earnings per share for the remaining shares if profit stays the same.
The IRS will probably catch the error. The real problem is that a set of eyes will probably look over the ENTIRE return to see if there are other errors. In the future use software or go to a Block office. Good Luck.
It seems to be coming back. On many days it outperforms the S&P and is recovering from last years performance. The health care industry is looking better. Be patient (no pun)