Seeking Alpha

Premarket gainers: ISR +12%. WPRT +9%. Losers: TAST -14%. FTE -9%. AKAM -5%.

Premarket gainers: ISR +12%. WPRT +9%.
Losers: TAST -14%. FTE -9%. AKAM -5%.
Comments (6)
  • russellb73
    , contributor
    Comments (398) | Send Message
     
    Anyone have any news on FTE other than today it is trading ex-div.?? Maybe European jitters??
    5 Jun 2012, 09:16 AM Reply Like
  • drbillym
    , contributor
    Comments (11) | Send Message
     
    wprt 30% short interest, long way up when they cover. Very significant news today
    5 Jun 2012, 09:20 AM Reply Like
  • Desperado2012
    , contributor
    Comments (91) | Send Message
     
    FTE is trading ex-div. -1,06. I am totally amazed. Checked last night and it was OK. How could it fall that much and I tried to sell this morning at 07.00 extended???
    I am going to try to put in a call at 12.50 if it does not get better for 06/16! As it is I am even with the dividend, but I was going to make money. FTE has a Buy rating it is doing very well in Africa tms...
    Any thoughts of holding?
    5 Jun 2012, 10:24 AM Reply Like
  • russellb73
    , contributor
    Comments (398) | Send Message
     
    OK now I understand...some news about FTE maybe a dividend cut, CEO on a radio talked about this....

     

    CAN ANYONE PLEASE CONFIRM THIS....Barrons is saying "amid reports" of....

     

    http://on.barrons.com/...
    5 Jun 2012, 11:42 AM Reply Like
  • bjnflicks
    , contributor
    Comments (1970) | Send Message
     
    No dividend cut until next year, and by then only depending on where the stock and economies are. If the stock is much higher (where it should be IMHO) the dividend will remain. If not, no company can afford a 14% dividend, so makes sense. IMHo, do not dump at this bottom. Collect your dividend and wait for the stock to rise again, which it will. In fact it could gain more than 8% if and when the Euros announce re-financing of Spanish banks, , Greece, etc.
    5 Jun 2012, 12:11 PM Reply Like
  • russellb73
    , contributor
    Comments (398) | Send Message
     
    Thanks bjnflicks

     

    Yes even with this possible dividend cut in 2013, will hold and wait, collecting dividends.
    5 Jun 2012, 01:17 PM Reply Like
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