The devil is in the details!
I'm not part of the DMND class, but I have participated in a few actions. In those cases, my positions were rather small, thus the "reward" of the actions was really not worth the effort. In a couple cases, I attempted to make a claim, but apparently I did not complete the form correctly!
Generally speaking, the total award is determined; how much each class member receives depends upon how many shares they owned AND how many qualified class members made a claim (class members benefit when other potential class members opt not to participate in a claim!)
From what I have read, it seems that the reward from the DMND action may amount to more than a few dollars or shares; again, I'm not a member of the class, but am curious what others end up receiving.
On another note, I bought a bag of Kettle Maple Bacon chips. Like the concept, but IMO, the execution is lacking. (Of course, I bought the chips when they were on sale. In the past, there were frequent price sales of DMND's products and that irked me and I posted as such...nice to see current management shares my perspective re frequent marketing via price).
"...good to know you're likely short."
What a silly statement. I know, when someone opposes a long's thesis, that person MUST be short the stock in question. YIKES!!!
I didn't even write negative words about FWM LOL.
I simply was trying to clarify your faulty "thinking".
Let's review, once more, what Sterling did:
Sterling buys over 80% of FWM in 2007. Your header was accurate!
Sterling injects its management knowledge into FWM.
After a few years of polishing FWM, Sterling Sterling receives pre-IPO dividend!
Sterling SELLS many of its shares via FWM IPO, 4/22/13, from over 80% to 33%.
Lock-up expiration, 10/14/13.
Now Sterling holds approx. 28% of FWM, having sold approx 5% more of the company.
Sterling still controls FWM with the voting power of its shares.
I dare suggest that IF FWM's share price had NOT blown up, Sterling would have continued to sell its FWM shares.
"Sterling is a large private equity firm with over $1.5 billion of equity capital under management, and it will undoubtedly utilize its stock sales to whatever end best suits its financial interests, which may or may not correlate with FWM other shareholders."
Sterling has done just fine with its investment in FWM.
So again, you were partially correct (of course the flip-side applies LOL) when you wrote "Sterling buys and sells companies". You just got the process WAY mixed up. Sterling BOUGHT FWM (note past tense) and has (again, past tense) SOLD a majority of its holdings via the IPO and subsequent share sales (and don't forget the tasty dividend they paid themselves pre-IPO).
Hopefully the above has clarified what Sterling has done.
I am neither long nor short FWM. I am long other nat/organic issues and wish FWM the best, although IMO, the road ahead looks rather bumpy.
"It means you were lucky if you did better than the average returns and are thinking your luck was just superior intelligence."
And that is why I have a large position in VTSAX!
Estimate is July 16 per Yahoo Finance and Bloomberg terminal; Bloomberg shows div est of .43
Perhaps the data was not there yesterday, but if you look at the KMI Yahoo quote, you will see "Next Earnings Date: 16-Jul-14", above the headlines.
OBVIOUSLY there is nothing positive to discuss about VAPE, so why not write about how VAPE is "better" than FB.
(file under: it sure is fun to post)
P.S. today's trade so far:
Now I'm confused. Besides reporting tomorrow, AVAV will announce that it is being privatized? And yet, just a couple weeks or so ago, you wrote that AVAV would be bought by LMT.
It sure is fun to post!
The article mentioned O.penVape, a Denver based company.
TWO clues that demonstrate you screwed up can be found in the headline: "O.pen Vape's Steve Berg: Transparency & Federal Illegality Help Budding Marijuana Industry Succeed"
1. Name of company
2 Steve Berg is the CFO of O.penVape. Who is the CFO of Vape Holdings, Inc.??
That would be twenty-eight year old Allen Viernes LOL.
Holy Cow!!! There is more than one vaporizer company??!!!!!!!!!!!!!
"Sterling buys and sells companies"
That is correct.
In true form, Sterling bought over 80% of Fairway in 2007.
Now they own about 28%.
Sterling did very well with the first half of the story and thankfully for them, they SOLD a majority of their FWM stake...so yes, "Sterling buys and sells companies".
IMO, don't just look at current div yields, but the rate of annual increases as well.
Besides other issues, I own the following in my ROTH (and a few in my cash AC as well); current div yield after symbol
CL 2.10% Div payment doubled in 6 - 7 years
CVX 3.20% Div payment doubled in 7 - 8 years
JNJ 2.70% Div payment doubled in 7 - 8 years
KMI 4.70% Div payment doubled in less than three years
TROW 2.10% Div payment doubled in 6 - 7 years
Above assumes dividends taken in cash (not reinvested)
Why no funds? Vanguard has some very nice and extremely low fee funds.
I've tracked my returns vs various benchmarks for over twenty years. Some years I did better than the benchmarks and some I have underperformed. The variance is not that great and that is why I will be investing most of my new funds into VTSAX. Some may go to another fund I have been long for a 2+ decades: HAINX.
The only "problem" with VTSAX is that is is yielding approx. 1.75%.
VTSAX is very tax efficient to boot. For income investors, this may not be the "best" choice. For younger investors, I tell them to put a major chunk into VTI or VTSAX and reinvest the distributions.
From the article:
"VAPE headline under GWPH this weekend. O' Pen's VAPE - Looks good."
"Steve Berg is CFO of O.pen Vape, (located in Denver, CO), one of the largest brands in the legal cannabis industry."
Riddle me this: WHO is Vape Holding's, Inc., (located in Woodland Hills, CA) CFO?
That would be twenty-eight year old(!!!) Allen Viernes AND NOT Steve Berg!
You see, you mixed up TWO different companies!!!
O.pen Vape is "one of the largest brands in the legal cannabis industry", while Vape Holdings, Inc. (VAPE) is what?????
A friend of mine submitted two forms from two six packs; one for him and one for his wife.
He received zero shares, but his wife was allotted some shares; she is still holding.
Wow! The 365 brand root beer has one more gram of sugar than Virgil's Root Beer..STOP THE PRESS!!
I am awaiting your next informative post; thanks for sharing such relevant information.
"you deal with transportation costs hitting you big time- until which time they can get a big warehouse place in support of their new locations."
Does SFM self distribute???
"Were they borne yesterday and cant read the newspaper on the new gold rush."
No, I'm pretty sure "they" can read; not only words, but FINANCIAL STATEMENTS as well; I can't say the same re the retail "investor" crowd.
Wisdom comes as the result of many experiences; hopefully this experience will yield some wisdom to those who lack it.