no brainer buy gents
they can and will. Yielding 30% here
Not if your looking for a good yield play these will be over 20 if the common hit 4 bucks
Well a 4 dollar common stock price doesnt tell me the pfds are in trouble of a divy suspension at all... Common should be trading around a buck for the pfds to be trading at these levels. They should annouch they are paying the pfd divys in next few days and these will pop up 3-4 bucks from here.
not a fan of the common but I know the pfd market pretty well. And I can assure you a 3 dollar stock price on the common says the pfd divys will be paid and absolutly not in jeapordy. Tehy cant lower the divy on pfds and if they suspend them by chance the stock will trade well below a dollar and pfds will trade around 3-5 since they are cumulative and all missed divys will have to be paid.
prices , oil at 100 there worth 22 billion and company has an enterprise value of only 1.1 billion.. Do your math this will be bought up very soon
GDPAN has a 5 percent coupon and the other 25 par pfds have a 10% coupon. And GDPAN is a convert and the the C and D arent
And the price has stayed the same. Hang on to your shorts shorts tehre about to get pulled over your head
They will pop up 8 bucks in a very short time
yes tommorrow all divy on all series will be paid in full and they will keep paying unless oil drops below 30 bucks a barrel which it wont
They need around 6.5 million to fully pay the divy on all preferred series this quarter. Look at there balance sheet it will not be an issue my friend and wont be unless oil drops below 30 bucks a barrel for the remainder of 2015 and 2016. Simmer down and take a breath and do some dd.
Overton I have never seen a common stock trade above 3 bucks with a suspended divy on the pfds. If they do suspend the pfd will drop to around 5 bucks and trade between 5-10 as long as the company stays solvent. Also expect the common to drop to around a buck a share if they do. Sometimes panic creates opportunity as in 2008 with the banking crises with most major bank pfds trading around 4 bucks before they popped back up to par. GDP has the means to pay the divy so by not paying is saying the whole company is in major trouble
Theres absolutley no logical reason why they should not be paid at this point unless they are cooking there books
They will even do a massive seconadry offer of the common stock to raise funds to pay the divys . They will not pay if they go into bankrupcy and that is not happening!!!!! Dont listen to all the noise on this board