You sound like the person who said let them eat cake. So you think we should starve the children. Your a very sick person.
Thanks for the information. Once the news comes out it is too late. Probably explains why the stock was down so much yesterday. News is probably factored into the stock price. As far as buying the acquisition it is most likely factored in. Too late to sell the stock. Just hang on and collect the dividend which is coming soon.
UTX only beat the numbers if you go by Zacks projection for earnings. Zacks is not the only firm following UTX. If you go to the fidelity web site and check out earnings for UTX you will find there are 18 analysis following UTX. Their projection for earnings was $1.62. If you want to choose one analysis and tell everyone they beat that is your choice. The street does not consider it a beat.
Everyone but KID realized that the earnings and guidance for UTX was not good. They ran the stock up to $120. I would hate to be the fool who paid that for the stock. I was amazed at how the stock performed after the earnings but looks like reality is setting in. Interest rates will be a real problem for the companies with overseas exposure and it doesn't look to get better anytime soon. When fed raises interest rates like it is projected to do this summer the dollar will get stronger and the Euro weaker. I must admit I am stupid when it comes to interest rates. They tell me some of the debt instruments in Euro are trading with a negative interest rate. Who would buy a debt instrument when you are sure to lose money? For that matter who would buy a 10 year T-bill in this country paying 1.79%. We are very lucky to get the 3.5%. The bull is 6 years old and I wouldn't have too much money at risk. Keep the money in stocks with domestic exposure. Only KID is able to make money in this environment.
Show us how smart you are and give us some stocks to buy. Tell us about the stocks you own. Do you just have your money under a mattress or are you an investor?
Nothing adds up with WIN. You can't keep paying out more than you take in. A few months back when the stock was trading at $10 I mentioned you would see the $7's. The steps they have taken are not a solution to the problem. Changing management, making it a REIT, and a 6 to 1 reverse split does not address the problem. The company is not making money. When earnings comes around you will see it again. After the split the stock will continue to decline. The next step to take is to cut the dividend. They will have no choice once the become a REIT. A REIT cannot payout more than it takes in. Take what money you can get and get a real company which can sustain it's dividend. If you want a telecom T is a good bet. If you want a REIT KKR is a good bet. You can get over 6% from RRD. These companies are not going broke and can cover their dividend.
Once market feels the Fed is ready to raise interest rates the high yield stocks will drop. That is what has happened in the past. When the market fells interest rates are going up it will take down the high yielders.
Don't know why anyone wants to fool around with this POS. I am still paying for my stupidity. I sold the stock last year at $10 which was a profit. Now I have to wait to file my taxes because they are afraid the company has not figured out how to classify the dividend. Last year I had to file an amended tax return because of these idiots. Why would anyone invest in a company who has a reverse stock split to get the stock price up. Has to change the way it figures it's taxes. Has bad earnings year after year. Get out while you can. This is a loser.
Don't you understand. I got my final statement from the brokerage company last year. They came back latter and amended the statement. When they amended their statement I had to do an amendment to my tax return. You may like a waiting until April the 15th to file but I like filing as early as possible. You can't do this with WIN. You have to wait until they figure out how they are going to treat the taxable dividend. Not only is it a bad investment it messes up your tax filing. Most of the brokerage firms are required to issue their tax statement by Feb 15. This is not the case if you have WIN in your portfolio.
I been investing for over 30 years. This is the first time this has happened. That is a reason I will never own WIN again. It is not worth the hazel for me. There are better places to invest.
How long you been predicting the dividend cut???????????? You have been wrong for a long time.