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Pat Stout

 
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  • Income Opportunity - Northern Trust Perpetual Preferred New Issue [View article]
    Newly issued cumulative preferred stock does not count towards Tier 1 capital. Source: http://1.usa.gov/XDXWRv

    Therefore it is unlikely to see financial institutions issue cumulative preferred stock.
    Aug 6 10:52 AM | Likes Like |Link to Comment
  • NQ Mobile Inc. Bid: Real Deal Or Red Herring? [View article]
    The non-binding bid by Bison Capital Holding might carry more weight if they had a 5% to 10% stake in NQ Mobile.

    NQ's board may have a hard time negotiating a higher bid, given the market reaction to the current $9.80 non-binding bid. Stock is currently trading below $7.00.
    Jul 31 11:58 AM | 1 Like Like |Link to Comment
  • J.C. Penney Stock Versus Bond Update [View article]
    sofos,

    A convertible bond has features of a bond and a stock in one instrument. Investors can create a custom convert by using a bond plus common stock, or options. It all depends upon the risk-reward profile desired by the investor.

    Hope this helps.
    Pat
    Jul 18 10:04 AM | Likes Like |Link to Comment
  • Institutional And Retail Cash On The Sidelines [View article]
    Buyandhold 2012,

    It is a market of stocks, the major indexes have gone up, but there have been many individual issues that have experienced multiple 10% or greater corrections.

    Agreed, cash can be a good thing and is required to take advantage of corrections.

    Pat
    Jul 15 02:26 PM | Likes Like |Link to Comment
  • Institutional And Retail Cash On The Sidelines [View article]
    Buyandhold 2012,

    The S&P 500 was 1,366 in March 2012, today it is 1,973. A 20% correction would take the S&P 500 to 1,578. That is 15% higher than the March 2012 level.

    There have been many issues that have had 20% or greater corrections.

    Pa
    Jul 15 01:51 PM | Likes Like |Link to Comment
  • Update: NQ Mobile's Audit In Major Jeopardy [View article]
    QTR -- interesting article.

    The unknown is when PwC requested to expand the scope of the audit. It was sometime after June 4th, but when? It would have been nice if the press release provided the date of the request. If it was recent, then the boards "consideration" might be more understandable as they have to meet for any decision to be made.
    Jul 3 12:16 PM | 2 Likes Like |Link to Comment
  • Stock Market Versus Net Corporate Dividends [View article]
    SDS,

    The Y axis is 100 for the index base date. Wanted to compare the rate of change in net corporate dividends with the DJIA. The X axis is the same in chart 1 & 2, as the only change was the base index date.

    Thanks for the link.

    Hope that helps.
    Apr 9 07:20 PM | Likes Like |Link to Comment
  • J.C. Penney's Bondholders May Have The Upper Hand [View article]
    JCP is selling 84 million shares to raise equity.

    http://1.usa.gov/161mvbX

    This may help support the bonds.
    Sep 27 09:39 PM | Likes Like |Link to Comment
  • J.C. Penney Bonds Change Of Control A Good Thing? [View article]
    JCP is selling 84 million shares of common stock. http://1.usa.gov/161mvbX

    This helps reduce leverage and support the bonds.
    Sep 27 09:38 PM | Likes Like |Link to Comment
  • J.C. Penney Is Dead Money, Get Out While You Can [View article]
    I think the wrong person is given credit for suggesting the need to raise more equity. From the link:

    <snip>
    He added that Penney’s needs to get more equity into the business “sooner rather than later,” and if the board is happy with Ullman, they should get behind him. Questrom said that he was really not interested in coming back to the board of directors, but would consider it if he was asked by the board, and he agreed with their ceo choice.
    </endsnip>

    Fwiw, JCP bonds have held up well give the turmoil in the stock.
    Sep 22 02:00 PM | Likes Like |Link to Comment
  • J.C. Penney Bonds Change Of Control A Good Thing? [View article]
    That is the only tender that I am aware off. Looks like I got some bad data from the FINRA website when entering the CUSIP. Have noticed that happens from time to time.

    Your right the tender is for the 7.125% of 2023.
    May 1 07:31 PM | Likes Like |Link to Comment
  • J.C. Penney Bonds Change Of Control A Good Thing? [View article]
    The 7.95% of 2017 have a tender offer for $1,350 per $1,000 bond.

    Here is the release from JCP: http://jcp.is/12oeLKZ;highlight=
    May 1 05:49 PM | Likes Like |Link to Comment
  • Herbalife J.C. Penney And Pershing [View article]
    K.,

    That is a good question. I have not seen JC Penney breakout employee turnover / retention. It would be interesting to see how it compares with Herbalife, wouldn’t it?
    Mar 27 05:36 PM | Likes Like |Link to Comment
  • Leaders And Laggards Of The Dow Jones Industrial Average [View article]
    feduke,

    Good eye! Thanks for catching the transposition.
    Mar 25 04:10 PM | Likes Like |Link to Comment
  • J.C. Penney Bonds Change Of Control A Good Thing? [View article]
    This Barron's article might help explain what is going on with the bonds.

    http://on.barrons.com/...
    Mar 7 09:22 PM | Likes Like |Link to Comment
COMMENTS STATS
41 Comments
21 Likes