Einhorn's Greenlight Wins Injunction Against Apple, Making A March Dividend Increase More Probable [View article]
I agree, James, the bundling they did sounds like something congress would do, where they might create some bill for orphans with leukemia that also includes a subsidy for ethanol producers and a pay raise for congress.
As for a dividend increase, I do not think it is a cave in so long as they do not issue the preferred.
As Chimera Receives Its Final NYSE Extension, A Filing Or Buyout Better Come Soon [View article]
Brad, I would have to say Starwood would be on the short list of options. Starwood made an unsolicited bid for CXS back in 2011, which they turned down. I believe STWD then offered $14 a share.
Also, on an unrelated note, I think you wrote one great article on Campus Crest.
GE Looks Poised To Further Increase Its Dividend And Make Industrial Acquisitions [View article]
They are not listening, but their actions over the last three years do indicate they are committed to getting that yield back up there. I believe, unless the markets fall off a cliff, it is almost certain that GE will increase its dividend at least once in 2013. I felt the same way last year, and they waited until late december to prove the thesis accurate.
Silvercorp Takes Actions, Including A Share Buyback, To Counter Its Recent Decline [View article]
The value of the stolen property is not what determines whether it is theft, though it could determine the severity of punishment. If someone steals a diamond ring or a ring made of glass, the intention was the same and that is what matters.
Annaly's Prepayment Pressure Continues And A Dividend Cut Is Likely, But Its Plan Is Compelling [View article]
Jonk, the timing of my NLY articles is generally after the company reports something. I have no control over when they do so or what data they then provide. I attempt to translate for the layperson what can often be a difficult to understand release. I am sorry if the data is a little old for your tastes...please write a letter to the SEC and maybe they will require expedited reporting in the future.
But as to my Q1 2012 NLY articles, I wrote two:
The first was on 2/8/2012, following their Q1 report, and yes I did state that a dividend cut was likely (http://seekingalpha.co...). At the time of reporting, NLY shares were at 16.55, but the timing of the article had nothing to do with the price..it was because NLY reported. In any event, that was not some exact low, and the shares declined another 5% in the next 2 months...yes they did begin to appreciate after April and into the summer, but no, they did not climb to new highs nearly immediately after. And even if they did, I didn't state the shares will never go up...I just stated they would likely cut the dividend. And yes, they did cut the dividend. Further, shares have declined about 10% since their Q1 2012 report despite any short-term movements or memories.
My next article on Annaly was at the end of March, after Annaly reported its dividend (http://seekingalpha.co...). That article has a sweet chart of NLY's quarterly dividends, which I made using some government website for kids (http://1.usa.gov/Yr1IGC). In any event, there was a dividend cut and yes I did then state there would be more dividend cuts during 2012. They did come. Two more cuts occurred during 2012.
But I did also note on 6/17/2012 that the cuts may take a pause over the summer (http://seekingalpha.co...). Two days later, on 6/19/2012, they reported their dividend and it was maintained. And that was the one and only quarter in the last five that there was no dividend cut. Such ill timing, indeed.
Silvercorp Takes Actions, Including A Share Buyback, To Counter Its Recent Decline [View article]
II makes an interesting point, touching right on the letter of the law. Fraud must be intentional and most of us make mistakes, especially when estimating things that are not so simple to estimate. Even if it was fraudulent, which I do not know, proving fraud is extremely difficult unless there is some evidence of what the perp was thinking at the time. Moreover, mistakes made when relying upon the work of another are even less likely to be seen as fraud, unless some greater conspiracy to defraud is shown.
This was it fraud question is very similar to the was it theft question regarding the ore samples taken by the researchers. If I broke into your home and stole your wallet, then there would be no doubt it was theft, but is it theft if I follow you around and wait for you to drop it and then go pick it up and keep it rather than returning it to you, is that theft too? Maybe so. It is not breaking and entering, in addition to robbery, but there would be a taking of property that was known to belong to another, and which was probably not intentionally abandoned. And is there a difference between finding property on the side of the road and following someone around until you see them lose some property, wherever that may be? Following shows an intent to take, rather than the finding being some accidental occurrence that could have happened to anyone that subsequently took the same route. Other questions would certainly include whether the property was lost, abandoned or mislaid, with the distinctions potentially affecting whether the taking was a theft.
Annaly's Prepayment Pressure Continues And A Dividend Cut Is Likely, But Its Plan Is Compelling [View article]
Not yet. The terms of the agreement allow Crexus to pursue alternatives to the deal though March 16, and Crexus indicated that a special committee and independent advisers will "actively solicit" other options.
Cramer Suggests Bloomberg Buy The Times, But He Should Buy The Street Instead [View article]
David, I appreciate your certainly relevant knowledge-base here. I agree that it is true that TST does not have much to offer Bloomberg that it does nor already have, but the is room for a good deal of overlap in the digital media industry and more views is better. There is also a large push by many media outlets to expand their digital content portfolio, including video content, and TST has developed a prolific archive of brief video clips that could supplement Bloomberg's already substantial portfolio.
Further, at least out of News Corp, we see a great deal of overlap within the WSJ sub brands such as SmartMoney and MarketWatch, and various blog sites associated with the WSJ. There is not a substantial differentiation between the offerings, but the multiple brands allow the company to attempt multiple simultaneous promotion techniques and other methods of reaching out to target audiences. It is, simply put, a broader net that is more likely to catch a viewing consumer's attention.
It is certainly true that Bloomberg generally grows organically and avoids acquisitions, but this deal would certainly not be significant to the company. Moreover, in contrast to your consideration of the value of TST's columnists, I submit that it may be TST's management, such as those prior Bloomberg executives at TST (Demarse and Inman) that have already proven their worth. Also, though Bloomberg has far more substantial traffic than TST, the addition of TST's seemingly valuable virtual real estate for financial advertisements should only expand its overall web-presence and advertising space.
Annaly Furthers Its Pursuit Of Crexus And Its Commercial Paper [View article]
I believe that if the deal occurs before the ex-div date, then under your premise a holder would be entitled to $13.32 on the ex-div date (probably around the end of the quarter) and then begin to have the next such dividend accrue into its value. I think that means that the value of a share, if it continues to trade depending upon the deal, would appreciate by about one penny every three to four days after the quarter. Other market forces could change that, including Crexus independently changing its dividend.
Annaly Furthers Its Pursuit Of Crexus And Its Commercial Paper [View article]
It means that Crexus should pay its dividend, but may not if a deal occurs in the middle of a quarter and before an ex-dividend date. Annaly has promised to make a cash payment per share to reflect a pro-rated quarterly dividend for the quarter in which the tender offer is closed.
Annaly Furthers Its Pursuit Of Crexus And Its Commercial Paper [View article]
I believe that there are two causes of the overage. One is that a counteroffer may be made, and some anticipate that one may occur. Also, Annaly indicated that it shall pay accrued dividend payments. Given the potential for deals to take longer than expected, there could also be some additional anticipated guarantee of CXS's yield remaining constant for a longer than than the estimated period till closing.
Einhorn's Greenlight Wins Injunction Against Apple, Making A March Dividend Increase More Probable [View article]
Einhorn's Greenlight Wins Injunction Against Apple, Making A March Dividend Increase More Probable [View article]
As for a dividend increase, I do not think it is a cave in so long as they do not issue the preferred.
As Chimera Receives Its Final NYSE Extension, A Filing Or Buyout Better Come Soon [View article]
As Chimera Receives Its Final NYSE Extension, A Filing Or Buyout Better Come Soon [View article]
Also, on an unrelated note, I think you wrote one great article on Campus Crest.
A Review Of Seth Klarman's Baupost Group's Q4 U.S. Equity Changes [View article]
GE Looks Poised To Further Increase Its Dividend And Make Industrial Acquisitions [View article]
Silvercorp Takes Actions, Including A Share Buyback, To Counter Its Recent Decline [View article]
Annaly's Prepayment Pressure Continues And A Dividend Cut Is Likely, But Its Plan Is Compelling [View article]
But as to my Q1 2012 NLY articles, I wrote two:
The first was on 2/8/2012, following their Q1 report, and yes I did state that a dividend cut was likely (http://seekingalpha.co...). At the time of reporting, NLY shares were at 16.55, but the timing of the article had nothing to do with the price..it was because NLY reported. In any event, that was not some exact low, and the shares declined another 5% in the next 2 months...yes they did begin to appreciate after April and into the summer, but no, they did not climb to new highs nearly immediately after. And even if they did, I didn't state the shares will never go up...I just stated they would likely cut the dividend. And yes, they did cut the dividend. Further, shares have declined about 10% since their Q1 2012 report despite any short-term movements or memories.
My next article on Annaly was at the end of March, after Annaly reported its dividend (http://seekingalpha.co...). That article has a sweet chart of NLY's quarterly dividends, which I made using some government website for kids (http://1.usa.gov/Yr1IGC). In any event, there was a dividend cut and yes I did then state there would be more dividend cuts during 2012. They did come. Two more cuts occurred during 2012.
But I did also note on 6/17/2012 that the cuts may take a pause over the summer (http://seekingalpha.co...). Two days later, on 6/19/2012, they reported their dividend and it was maintained. And that was the one and only quarter in the last five that there was no dividend cut. Such ill timing, indeed.
Silvercorp Takes Actions, Including A Share Buyback, To Counter Its Recent Decline [View article]
This was it fraud question is very similar to the was it theft question regarding the ore samples taken by the researchers. If I broke into your home and stole your wallet, then there would be no doubt it was theft, but is it theft if I follow you around and wait for you to drop it and then go pick it up and keep it rather than returning it to you, is that theft too? Maybe so. It is not breaking and entering, in addition to robbery, but there would be a taking of property that was known to belong to another, and which was probably not intentionally abandoned. And is there a difference between finding property on the side of the road and following someone around until you see them lose some property, wherever that may be? Following shows an intent to take, rather than the finding being some accidental occurrence that could have happened to anyone that subsequently took the same route. Other questions would certainly include whether the property was lost, abandoned or mislaid, with the distinctions potentially affecting whether the taking was a theft.
Annaly's Prepayment Pressure Continues And A Dividend Cut Is Likely, But Its Plan Is Compelling [View article]
Cramer Suggests Bloomberg Buy The Times, But He Should Buy The Street Instead [View article]
Further, at least out of News Corp, we see a great deal of overlap within the WSJ sub brands such as SmartMoney and MarketWatch, and various blog sites associated with the WSJ. There is not a substantial differentiation between the offerings, but the multiple brands allow the company to attempt multiple simultaneous promotion techniques and other methods of reaching out to target audiences. It is, simply put, a broader net that is more likely to catch a viewing consumer's attention.
It is certainly true that Bloomberg generally grows organically and avoids acquisitions, but this deal would certainly not be significant to the company. Moreover, in contrast to your consideration of the value of TST's columnists, I submit that it may be TST's management, such as those prior Bloomberg executives at TST (Demarse and Inman) that have already proven their worth. Also, though Bloomberg has far more substantial traffic than TST, the addition of TST's seemingly valuable virtual real estate for financial advertisements should only expand its overall web-presence and advertising space.
Principal Shareholder HBK Sells Significant Stake In Adecoagro [View article]
Annaly Furthers Its Pursuit Of Crexus And Its Commercial Paper [View article]
Annaly Furthers Its Pursuit Of Crexus And Its Commercial Paper [View article]
Annaly Furthers Its Pursuit Of Crexus And Its Commercial Paper [View article]