you certainly might be right. I guess i'm hoping for one of those days - which seems to me happens to UBNT not too infrequently (but I don't think has happened "lately") - where it just goes down and down, and ya wonder, VVTF?!??!????!
in the next couple months, so I can buy a wad. I have no UBNT, and am expecting a BIG qtr.
man, I gotta put you on 'ignore'. 175.00 tomorrow? get real...
wooglin_kai • Jul 30, 2015 1:55 PM Flag
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FBIOX, generally speaking, makes distributions twice a year; in April and December.
All recent distributions have been either short or long term capital gains, no income distributions have been made. Prior to 12/11, NO cap gain distributions were made for several years. Makes sense, since the sector didn't really perform all that well. That all changed during the past few years. Capital gain distributions are simply the result of the fund manager selling more profitable positions than losing positions during the year. If any, capital gains must be paid out annually. Some think receiving a capital gain distribution is a wonderful event. Years ago, the tax code didn't require capital gains to be distributed and some funds simply held onto the gains and reinvested accordingly. Now, as noted earlier, funds must pay out their net capital gains. Let's say a fund has a NAV of $100. After the close, a 10.00 capital gain distribution is made. To keep the math simple, let's say the fund's NAV remained flat from the previous day and again the next. The next day's share price will be 10.00 LESS than the day before, since the 10.00 capital gain has been paid out.
If one reinvests their distribution, the value of their position would be the same as the day before the distribution was paid out.
According to Yahoo Finance, FBIOX has an annual turnover rate of 61%.
I'd expect a fairly large cap gain distribution come December. The distribution is not free money, the fund is simply handing over the gains it made during the year to its investors. The value of an investor's position would decrease by the amount of the distribution unless she/he reinvests the distribution; if that were the case, the value of her/his position would remain the same (all else being equal).
Not sure if this addresses your query, but I hope it is helpful. Less
From the office mr zhang wei
hong kong development bank (hkdb).
transfer of ($ 47,000.000.00) forty-seven million dollars.
i am zhang wei, the auditor general of hong kong development bank. During the course of our auditing, i discovered a floating fund in an account opened in the bank by mr john korovo and after going through some old files in the records i discovered that the owner of the account died in the (beirut-bound charter jet) plane crash on the 25th december 2003 in cotonou (republic of benin).
and nobody has operated on this account again, the owner of this account is mr john korovo a foreigner, and a trader who trade on gold and mining, he died, since 2003 and no other person knows about this account or any thing concerning it, the account has no other beneficiary and my investigation proved to me as well that mr john korovo die along with his tired family. The amount involved is (usd 47m) forty seven million united states dollars only, i am contacting you as a foreigner because this money can not be approved to a local person here, but can only be approved to any foreigner with valid international passport or drivers license and foreign account because the money is in us dollars and the former owner of the account mr john korovo is a foreigner too, and the money can only be approved into a foreign account.
i need your strong assurance that you will never, never cheat me as soon as this fund hit into your account. With my influence and the position of the bank official we can transfer this money to any foreigner's reliable account which you can provide with assurance that this money will be intact pending our physical arrival in your country for sharing. The bank official will prove all documents of transaction immediately for you to receive this fund leaving no trace to any place and to build confidence.
on the conclusion of this transaction you will be entitled to 30% of the total sum as gratification, while 10% will be set aside to take care of
April 23rd was when Craig Foster's resignation was announced. 43 days later:
"On June 5, 2015, the Company determined that it had been the victim of a criminal fraud. The incident involved employee impersonation and fraudulent requests from an outside entity targeting the Company's finance department."
I re-read last qtrs. conf call transcripts earlier this morning, and Pera pretty much said (in my own words) - We don't really need a CFO, we just need our excellent engineers.
This alternative uptick rule is designed to restrict short selling from further driving down the price of a stock that has dropped more than 10 percent in one day. It will enable long sellers to stand in the front of the line and sell their shares before any short sellers once the circuit breaker is triggered.
"The rule is designed to preserve investor confidence and promote market efficiency, recognizing short selling can potentially have both a beneficial and a harmful impact on the market," said SEC Chairman Mary L. Schapiro. "It is important for the Commission and the markets to have in place a measure that creates certainty about how trading restrictions will operate during periods of stress and volatility."
Short selling involves the selling of a security that an investor does not own or has borrowed. When shorting a stock, the investor expects that he or she can buy back the stock at a later date for a lower price than it was sold for. Rather than buying low and selling high, the investor is hoping to sell high and then buy low. Short selling can serve useful market purposes, including providing market liquidity and pricing efficiency. However, it also may be used improperly to drive down the price of a security or to accelerate a declining market in a security.
The alternative uptick rule (Rule 201) approved today imposes restrictions on short selling only when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. At that point, short selling would be permitted if the price of the security is above the current national best bid.
If they bought back all the shares but the ones I have, I'd own the entire company.
I don't know enough about the company's inner-workings to make an informed call as to whether buybacks were the best way to spend their cash. I will assume senior management made the right decision in that regard. Expanding a business is not always the wisest use of cash.
actually, v, mc, and amex all have their own networks. and when one, say amex, receives a mc or v, amex hands-it-over to the correct network/processor. I worked on visa's network and systems for 24.75 yrs....