typical h dog & pony show. he's very smart and a great salesman. he bulled the stock up to 6.53 last time. of course insiders got to dump a few shares.
saving an after-tax dividend payment of 8% is effectively earning risk-free 12.3%. if the company has enuf cash on hand for its needs then, arguably, all incremental cash flow can go into share repurchases.
oh? I ran a trading firm for 20 years with 23 traders. I own more than 300,000 shares of bgcp. I don't like getting screwed by howard either. btw, I never met a rich technical analyst and only a moron without inside info would be short this stock. only a moron without inside information would buy this stock , except for a trade, without knowing that some curbs are being placed on howard.
I bot this stock after howard pumped and before he dumped. I blew out more than half my position down to 6 the moment I heard him say on the conference call that he had screwed us. I will sell the remainder if it ever gets back to 6. i'm not sure how he shows his face at HM.
in the meantime I tell it as it is. if there is something specific that I have written that you disagree with let me know. I think anyone who is considering investing here should know that some of us think howard needs to be placed on a leash by an effective bod before he walks off with everything.
I wonder if they might identify themselves. could they possibly be the same folks who were pumping the stock hereon to help the insiders get a big fat price?
howard appeared on cnbc a few times then held a very special conference call bulling the stock then dumped insider shares to us. I fully expect that his mom and two aunts, aka the three stooges, will give this post, too, a thumbs down. note that they never have any response to howard's misdeeds.
I wonder how the stock would do if we had a shareowner-friendly bod.
the stock price will not be supported by the dividend if management keeps helping itself to shareholder equity. until howard stops being a bad actor, as is his business reputation, shareholders will either exit or stand pat. this is not a stock to buy because howard is untrustworthy.
nobody seems interested in cooperating with my class action efforts. tant pis.
you do want to work for howard. he is a great moneymaker and knows his stuff. he is also a fine and charitable gentleman. I suggest, in light of the recent share buyback, you think about what bgcp shares represent and what bgcp shareholders are "entitled to." that might be nothing if that's what HE decides. investing is a trust game.
what do you know about howard's reputation except that he makes money for himself and his partners. just remember we are NOT howard's partners. they are the ones who sold at 6.24. we are the ones sucking a bone at 5.16
my only questions are 1] what do you do if howard decides to cut the dividend? 2] how do you like being at his mercy? the only shareholders left are the ones planning to exit.
for yet another rip off
why do you doubt it? was howard authorized to buy back stock at huge premium to market [viz then-mkt price (manipulated) plus tax liability]? am interviewing attys now.