"cody willard is a complete doofus"
Perhaps, but as far as stating, A FEW MONTHS AGO, to stay away from all the junk weed stocks, well, he was SPOT ON!
It has been over 18 years, since the last split.
Last split was announced 4/17/96; shares closed 4/16 55.62, so the prospect of a split seems high.
That said, while I'm not anti-split, I don't really care if my pizza has eight of 16 slices; the value (market cap) and cost is the same.
Annual dividend increases...those I am a big fan of.
Yes, I will continue to hold my shares; TROW is one of my "oldest" positions, although I have sold 3/4 of my original buy many years ago. I added a few years ago in my ROTH.
IMO, TROW is one of the best managed fund companies and I love its balance sheet.
Also from the Bloomberg article:
"Institutional withdrawals were concentrated in a small number of clients “repositioning” their investments, Kennedy said today in a telephone interview.
The losses were “frustrating” because the company has made an effort to broaden its distribution and sales efforts recently aimed at making the firm less vulnerable to withdrawals by large individual clients, Kennedy said."
Well if Carson lives in his mom's basement, it's probably a nice one given where he grew up (and where Cramer lives and before either of them I lived there too!).
Unless he has moved, he lives in Hong Kong.
Actually I'm somewhat a fan of Carson. He has made some excellent calls, most notably Sino-Forest:
"But Muddy Waters' most prominent takedown was of Chinese timber company Sino-Forest last year. The firm's accusations of fraud triggered a massive sell-off in shares of the Toronto-listed company before they were eventually suspended. The drop in Sino-Forest's price forced hedge fund high roller John Paulson to book deep losses on the stock."
That said, I believe he has been silent on AMT since his negative call.
"24 to 6"...not a bad call at all!
But it's FB's shareholders who garnered the gain; it's not like FB all of a sudden has an extra $12B in its coffers.
Somewhat disappointing given the continued institutional withdrawals; thank goodness for Target Date funds (I don't own a target date fund!).
From Bloomberg article below TROW YahooFinance quote:
"“The investment community overall will be really surprised at a global level at outflows for T. Rowe,” James Shanahan, an analyst at Edward Jones & Co. in St. Louis, said in a telephone interview. “The expectation was that the worst was over.”"
It's fun to watch stocks that explode (up or down).
For perspective, TROW's holding in PBYI is worth approx. $630 million.
TROW assets under management are approx. $738 billion.
Post PBYI's huge up move, it represents approx. .085% of TROW's AUM.
In other words, nice to see, but PBYI's recent move will have a TINY impact on TROW's income statement.
Oh the horror!!!
When in doubt, always reach for the "class action" card.
"continues higher today"
There's always "Tomorrow"...now sing it out loud!
Perhaps a smart move by HAIN taking full control of Hain Pure Protein.
Chipotle is a customer.
The following quotes are from CNBC post "Beef surge hits wallets, boosts chicken appeal":
"There's no beef about it, prices for red meat are surging and demand for chicken is benefiting.
Chicken's versatile appeal and its perception as a good source of protein that's better for you than red meat are also driving sales, RBC Capital Markets' David Palmer said in a phone interview.
"Chicken is really hot right now, and poultry is viewed as a source of protein that's relatively less inflationary," Palmer said. "You're seeing even the pizza players get into chicken.""
"Some restaurants, including burger chain In-N-Out and Chipotle, have already chosen to raise prices. Following Chipotle's (CMG) first nationwide price hike in three years, the Mexican food chain has seen some shift in demand from steak entrees, which rose more, to chicken, which increased less.
"We expected some customers would trade down from steak to chicken as a result of the higher steak premium, and we have, in fact, seen some customers shift from steak to chicken," CFO John Hartung said in a call with analysts."