There is only one reason that the IPO was delayed. They are trying to find the best way to screw the minority SCCO shareholders in the inevitable merger. (without getting sued)
It due to the low corn yields projected for this year. Low corn yields = less volume running through the grain division. The hardest drought areas are the areas around the Andersons
The twins were born 3 and 4 pounds so they spent one week and two weeks in the hospital. My wife spent 2 weeks in the hospital. The prenatal care unit is expensive.
If a hospital doesn't turn down patients, then (illegal or uninsured) I am paying for it. I don't have the answers, but something needs to be done.
During the birth of our twin boys, my wife's hospital bill was $250,000. My insurance company paid the hospital $50,000. The hospital said ok. If I didn't have insurance them I am stuck with the whole bill. That is a system that has major problems.
I keep hearing all of this complaining about the Obama Health Care Plan I don't know much about the plan, but I know something has to be done.
We currently have a national health care plan. People who don't have health care still get to go to the hospital. They still get treatment. They just don't pay the bill. This expense is then passed on to us in the form of our bill.
As a small business owner the cost of health care to our employees have been a huge expense. I first started buying health insurance in 1997. It cost me $500/year with a $1,000 deductable. Now that same insurance costs around $5,000/year. We have had to purchase a higher deductable plan. This has also affected our employees paychecks by lowering the available money for raises.
If you ask me, Health Insurance costs is the second reason for not adding more employees. The first is safety and training requirements mandated by OSHA and our clients(a whole different story).
My friend went grizzly bear hunting in Alaska. He may have been using a bow. The guide asked him what kind of back-up he had. He told him he had a 45 caliber revolver. This was the guide's advice "Make sure you only shoot the gun 5 times, and save the last bullet for yourself" Apparently most people carry sawed off shotguns.
I would like to see copper in a graph plotted with the USD and a world currency index. I don't know if a currency index exists, but I would think that it would be interesting.
If I remember right (1-2 years ago), I selected my sales at the end of the year with E-trade. They gave me the option of picking or readjusting where the sold shares came from. I didn't probably explain this very well:
I had several buys of PCU.
I sold some of the buys of PCU.
E-trade automatically (probably on FIFO basis) assigned the shares sold.
I went in at the end of the year and readjusted the sales slips to the shares I wanted sold.
That was my plan. I bought low, collected divvy, and then the stock went lower. I guess I can't sell high.
My new plan is to collect the dividends and ask Condo what to do with the money.
"SCCO expects to double copper output by 2015."
A few years ago I believed this statement. They said it would double by 2011. Since that time, output has decreased from 375 million pounds to hopefully 320 million pounds this quarter. (Problems are strikes & political reasons)
< which is anybody and everbody besides Americas Mining Corp ) . That can't even potentially be a question that can be answered until Americas Mining begins trading publicly ...if it ever in fact does .>
You must have got the information about "Americas Mining begins trading publicly" from seeking Alpha. That information was all wrong. The author was referring to a completely different company.
I think you are right. I used linear regression and figured out that by October it should be 25, and by July of 2013 you should be able to pick up shares for less than $1/share.
I think I will wait until then to buy more.
<In addition to the election risk, SCCO has been forced to suspend the stalled Tia Maria project, after a UN report found serious concerns about its impact on the environment and water supplies. Violent clashes that followed led to the death of a protestor at the hands of police protecting the installations. The Peruvian government was forced to cool the tensions by suspending the project, which had been expected to eventually double SCCO's copper production>
I never read that it would double production. I think it was supposed to add 25% more production. The doubling the other is probably speaking about is the production increases from the other mines and Tia Maria.
<In fact, that may be happening right now, with SCCO sporting a dividend of around 6.3%, and a generous payout ratio of 115% (most sites have not updated the trailing EPS to $1.94). That means for every dollar of profit it makes, the company is paying out $1.15 in dividend. To be fair, SCCO is still cash flow positive on an annual basis. (Remember, corporate accounting uses the accrual method, booking sales and expenses when they are made, instead of when cash is received or paid out>
B.S. about the 115% payout ratio. Since 2009 SCCO has paid a dividend within a fraction of a cent of their earnings. (In other words a 100% ratio)