The insurance sector is broadly higher following the MetLife dividend hike. Worth remembering - Met (MET) is a special case, until recently under the Fed's regulatory thumb due to its banking operations (now divested). PRU +2.8%, HIG +2.4%. Maybe most interesting is AIG +4.1% as investors ponder the capital return possibilities. [View news story]
Benmosche said a few months ago that he would like to see a dividend in the third quarter...which could be this summer. $.10 per share quarterly sounds good to me.
AIG eliminates the government's final financial interest in the company, buying back from Treasury for $25M warrants issued in 2008 and 2009. So-called TARP warrants trade publicly and are a favorite vehicle of AIG fans, but have curiously lagged recent gains in the common stock. [View news story]
"..but have curiously lagged recent gains in the common stock."
I don't think it's curious at all. If the strike price is $45 and your paying $14 for the warrant, the future stock price has to be above $59 before you make a profit on exercising the warrant. Perhaps the warrant holders/ buyers/ sellers have less confidence the stock price will go above $59 before the warrants expire. (2017?) At some point the price of the warrants must de-couple from the stock price. It seems that point is now.
General Electric Poised To Double? Don't Drink The Kool-Aid [View article]
I guess I should make my point that, as Obama is leading us apparently towards a European style, social democracy in which the Federal government comprises a larger portion of GDP, it's a good bet to go with companies that do a lot of work with the government.
General Electric Poised To Double? Don't Drink The Kool-Aid [View article]
Some tidbits from John Ransom...
“Every day,” reports the left-wing Mother Jones, “the Pentagon publishes a list of all the contracts worth more than $5 million that it's awarded that day. And nearly every day, GE makes the list.”
According to the federal government, GE currently is the prime contractor for 100,099 projects with a total dollar value of $34,122,729,377.
At one contract per day, it would take GE 274 years to get 100,000 contracts.
The $34 billion in revenue is enough to get them the 14th spot amongst federal contractors."---they are a behemoth.
AT&T's LTE Prospects Bolstered By FCC Chairman's Support [View article]
Seeing as how T is the most widely held stock among members of Congress and we seem to have gone to a place in this country where politics trumps actual accomplishments, it's tough NOT to own T.
Westport: Market No Longer Impressed With Growth [View article]
"Since the huge spike after the earnings report, Westport has dropped 24% while the market is up over 5%."---Am I wrong, or were those financials reported on Aug, 2? The spike occurred before the earnings release. I don't know what the market was looking for, but I thought that latest report was phenomenal. I will be adding significantly at under $25.
American International Group: Secondary Coming, Wait To Buy [View article]
Looks like you could have bought at anytime throughout these events. But better to be careful with all the buzz surrounding AIG. The price never went below the $30.50 offering so far.
Look at this writer's story on WPRT a few days ago. Basically saying if Romney gets elected, WPRT is toast. Yet not a peep about Obama's affect on coal in this article. Not that it should matter either way. Government allocation of goodies should be considered icing on the cake, not meat and potatoes.
The insurance sector is broadly higher following the MetLife dividend hike. Worth remembering - Met (MET) is a special case, until recently under the Fed's regulatory thumb due to its banking operations (now divested). PRU +2.8%, HIG +2.4%. Maybe most interesting is AIG +4.1% as investors ponder the capital return possibilities. [View news story]
A Word Of Caution About Bank Of America's Share Buyback [View article]
AIG eliminates the government's final financial interest in the company, buying back from Treasury for $25M warrants issued in 2008 and 2009. So-called TARP warrants trade publicly and are a favorite vehicle of AIG fans, but have curiously lagged recent gains in the common stock. [View news story]
I don't think it's curious at all. If the strike price is $45 and your paying $14 for the warrant, the future stock price has to be above $59 before you make a profit on exercising the warrant. Perhaps the warrant holders/ buyers/ sellers have less confidence the stock price will go above $59 before the warrants expire. (2017?) At some point the price of the warrants must de-couple from the stock price. It seems that point is now.
Is Coca-Cola Overdone? [View article]
AT&T: Healthy Yield, But Richly Valued [View article]
General Electric Poised To Double? Don't Drink The Kool-Aid [View article]
General Electric Poised To Double? Don't Drink The Kool-Aid [View article]
“Every day,” reports the left-wing Mother Jones, “the Pentagon publishes a list of all the contracts worth more than $5 million that it's awarded that day. And nearly every day, GE makes the list.”
According to the federal government, GE currently is the prime contractor for 100,099 projects with a total dollar value of $34,122,729,377.
At one contract per day, it would take GE 274 years to get 100,000 contracts.
The $34 billion in revenue is enough to get them the 14th spot amongst federal contractors."---they are a behemoth.
AT&T's LTE Prospects Bolstered By FCC Chairman's Support [View article]
Westport: Market No Longer Impressed With Growth [View article]
American International Group: Secondary Coming, Wait To Buy [View article]
American International Group: Secondary Coming, Wait To Buy [View article]
Buy Telefonica For 11% Dividend Yield, Cashflow Strength And Exposure To High Growth Markets [View article]
L-3 Wins Recompetition for Contractor Logistics Support at Fort Rucker [View article]
Buy Westport Innovations To Benefit From Boom In Natural Gas Cars [View article]
Buy Peabody Energy For 230% Upside [View article]