I wish I knew they wouldn't cut the divi - I would jump in with all I got and make a quick 4% on my money with the next payment
The upside potential for SPH just got a whole lot more interesting. Not sure how awesomeS-TOCKS finds all these incredible trade ideas but im happy.
FARTZAD MANSOURBEIGI is letitgrow! Look how one disappears and another AH appears saying exactly the same #$%$
I do not think SPH can keep up with this dividend, it is time to sell. Good Luck Everyone
Fartzdad, are you still holding out for $20 shares?
SPH do not try to catch the falling knife. That is my two pennies.
Just about every stock Board in Yahoo is like this : mainly malcontents who hate their stock ...assuming they actually are shareholders. I like this company. They
Situation of SPH is like catching the falling knife, do not get hurt stay away for the time being. This can not be sustainable with this kind of dividend.
It sounds like the distribution cut will happen over the next few months. What other options do they really have? I actually think the stock will respond well to the news of a "strategic review" and temporary distribution cut. I am expecting a cut of around 30%-35% at this point since they decided to wait another quarter. Once cold weather returns, the distribution can be raised again.
Lets assume the cut is 35%. This would be an annualized $2.30 Distribution. This would free up $75M per year to clean up the balance sheet. I feel the stock would return to an average 8% yield, or a price of $28.75. This cut would allow SPH to weather another mild winter, and if we do get a cold winter, things would get better very quickly.
I feel like anything under $25 is not bad if you are holding long term, but we could easily see this dip lower. I am just glad they are finally looking to make some changes.
Does anyone have a good site that accurately updates institutional ownership? My CNBC app shows the level at 37.49% as of a few hours ago. While I realize this is not real time, I'm curious if it's true. The numbers on my app have gone up from 30.85% to 37.49% in past several weeks. Thanks.
Today looks like a 17 year low. Wow.
Still had cash in bank, survived warmest winter on record, expectation of near normal winter for new fiscal year. I'm sure other factors.
Why the Drop?
Ya know lettitgrrow might be on to something after all. It is a piece of S. Sold out after 13 years before the ex date. Saved 3 dollars and who knows how much more. Will never look at this piece of S again.
SPH has just seen the last of the selling. Looks like a potential push higher is in store. Ive been struggling with this stock lately. Some of my other trades have been from awesomesto-cks which are working out pretty well.
Borrowed $30m in Credit!
Cash is Gone!
SPH may have a Problem going Forward!
Seems like the same path as FGP…
3400 Employees! They will have to start laying people off and also cut the Dist completely just to Survive! Mike the CEO is warning he will be Proactive and Reactive!
The Weather has really been Hurting them!
For SPH to Borrow $ and say they may have to rethink how their business is going forward isn't a good sign!
The conf call sounded very Gloomy!
This was a good co at one time, but the last two years have really put cracks in the business model!
Finally catching a bid.
EEP cut the distribution to .35 from .583. Company in some ways mirrors SPH. Both strong companies. It will be interesting to watch how EEP performs in the next couple of weeks.
How low will it go? Ran up almost $10 a share between low on Feb. 10 and Mar. 10 last year. Anyone know why SPH decided to run then?
Good - Just a .15c drop over the distr..............Would not have covered the commission cost of Sell/buyback.....without counting the risk that the pps would actually have gone up............because that happens also.