Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That was my take,almost looks to good to be true! tks
don't know- sounds like they may be giving up the divy and closing the doors at first glance
Tim what is your take on this? Tks Sycamore Networks, Inc. Announces Special Cash Distribution of $1.81 Per Share
6:55a ET February 8, 2013 (Business Wire)
Sycamore Networks, Inc. (NASDAQ: SCMR), today announced that, on February 7, 2013, its Board of Directors approved a special cash distribution of $1.81 per share of its common stock. The special cash distribution will be paid on February 28, 2013 to stockholders of record as of February 18, 2013. Given the amount of the special cash distribution, the Company expects that the ex-dividend date for the special cash distribution will be March 1, 2013, the day after the payment date for the special cash distribution.
The Company's Board of Directors has not to date made a determination to proceed to file a certificate of dissolution. Further information regarding the liquidation and dissolution of the Company and the amount and timing of any additional distributions to stockholders will be provided in subsequent press releases or filings with the Securities and Exchange Commission as such information becomes available.
About Sycamore Networks, Inc.
Sycamore Networks, Inc. (NASDAQ: SCMR) is based in Chelmsford, Massachusetts. For more information, please visit www.scmrinc.com.
Safe Harbor for Forward-Looking Statements
We wish to caution you that certain matters discussed in this press release may constitute "forward-looking statements," as defined under the federal securities laws. Risks and uncertainties relating to the Company could cause actual events and results to differ materially from those stated or implied in such statements. Potential risks and uncertainties include, among others, the Company's Board of Directors may determine to abandon or delay the implementation of the plan of complete liquidation and dissolution of the Company; the Company's inability to predict the timing or amount of any additional cash distributions to stockholders; in the event that the Company proceeds with the plan of complete liquidation and dissolution, the Company's stockholders could be liable to the Company's creditors in the event that the Company fails to create an adequate contingency reserve to satisfy claims against it; and the Company's continuing costs associated with complying with public company reporting requirements. More information about potential factors that could affect the Company's dissolution and the amount of any future distributions is included in the section entitled "Risk Factors" in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130208005139r1&sid=cmtx4&distro=nx
SOURCE: Sycamore Networks, Inc.
**************************************************************
Sycamore Networks, Inc.
Alan Cormier, 978-250-2921
General Counsel and Secretary
alan.cormier@sycamorenet.com
Sycamore Networks Shareholders Approve Dissolution of Company
2:02p ET February 1, 2013 (Dow Jones)
Sycamore Networks Shareholders Approve Dissolution of Company
By Ben Fox Rubin
Sycamore Networks Inc. (SCMR) moved ahead with plans to dissolve and liquidate the company, after it sold substantially all its intelligent bandwidth management business to private investment firm Marlin Equity Partners, ending the public life for one of tech's highest fliers 13 years ago.
The liquidation plans and sale, initially unveiled in October, was approved by shareholders during a special meeting Tuesday. Marlin on Thursday completed its purchase of the bandwidth business, which includes the company's optical networking and multiservice access products, as well as related services and rights to the "Sycamore" name, for a total of $18.75 million.
The moves come after Sycamore, whose products helped network operators manage their networks, had seen its stock surge and then plummet during the dot-com bubble. During that time, Sycamore's shares nearly hit $2,000 each, but the stock quickly lost nearly all its value by 2001 and is currently worth about $2.27.
The company will continue to use the name Sycamore Networks Inc. as its corporate name in connection with its liquidation and until that process is completed, it said. Its board hasn't yet set a date to file a certification of dissolution, and the company plans to provide more information on its plans and any distributions to shareholders in the future.
Sycamore, whose clients included service providers, government agencies and utility companies, has posted quarterly losses for the past two years.
Took a chance in Pre-Market and bought MDLZ at $26.75
If it breaks under $26.50, could see some ugly, imo
MDLZ taking a hit after the report last night- Looks like I may be adding under $27 as predicted
http://finance.yahoo.com/q?s=MDLZ
Sysco Corporation (SYY) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.28 per share, payable on April 26, 2013, to common shareholders of record at the close of business on April 5, 2013.
About Sysco
http://finance.yahoo.com/news/sysco-declares-quarterly-dividend-164146023.html
Earlier today, the board of directors of CSX Corporation (CSX) approved a $0.14 per share quarterly dividend on the company's common stock. The dividend is payable on March 15, 2013, to shareholders of record at the close of business on February 28, 2013.
http://finance.yahoo.com/q?s=CSX
I think I forgot to post my buy on CSX here.
I picked up a position at $21.55
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84469877
Starter in IRS at $8.43
Market Cap:488.40M
P/E (ttm):5.31
EPS (ttm):1.59
Div & Yield:0.76 (8.90%)
IRSA Investments and Representations Inc., through its subsidiaries, engages in a range of diversified real estate investment and related activities in Argentina. The company is involved in the acquisition, development, and operation of shopping centers, offices, and other non-shopping center properties primarily for rental purposes; development and sale of residential properties; acquisition and operation of luxury hotels; and acquisition of undeveloped land reserves for future development purpose. It also engages in consumer financing activities, including credit card products to its consumers at shopping centers, hypermarkets, and street stores. IRSA Investments and Representations, Inc. was founded in 1943 and is headquartered in Buenos Aires, Argentina.
http://finance.yahoo.com/q?s=IRS
Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), today announced that its Board of Directors has declared the 512th consecutive common stock monthly dividend. The dividend amount of $0.1809167 per share, representing an annualized amount of $2.171 per share, is payable on March 15, 2013 to shareholders of record as of March 1, 2013.
O just made a new 52-week high at $44.40, and still offers a 5% yeild <vbg>
Day's Range: 43.58 - 44.40
52wk Range: 36.25 - 44.35
http://finance.yahoo.com/q?s=O
JE is a great play and now is the time to buy as it dropped about 1.50 today :( due to in April the div will drop to about .07 a month. Pissed investors are leaving due to the drop but with new div for every 1.75ish pending buy in you will recieve about .0101 a share MONTHLY!
THIS BELOW IS FROM A POST ON THE JE BOARD: (WE NEED A MOD ALSO)
Currently JE has been recovering from a bad year they lost money in their ethanol dept and acquired some loans to where they are in debt i believe. But buy in the 7.7 to 8.9 range and anything under that is gravy. They also dropped the div to .07 per share a month. Also remember there is a Canadian sec tax of 15% this will drop it to .0505 a share which is still a great monthly dividend which when you think about it for every 1.75 you spend right now you gain about 1 cent a month. This is a great stock I believe for the Div. and any thing you can but under 7.70 is gravy. I would use the next year to load up for 2014 and they will be doing even better in 2015.
Highlights for the three months ended December 31, 2012, included:
? Gross customer additions through marketing of 341,000, up 10% compared to 310,000 in the third quarter of fiscal 2012. The 341,000 customers is a continuation of consistently high levels of customer additions seen over the past two years.
? Consumer customer additions were 150,000, up 34% from fiscal 2012. Commercial additions of 191,000 were down 4% from the record 198,000 added a year earlier.
? National Home Services installed base up 44% year over year to 222,000 with gross margin up 32% to $9.5 million. Including NHS customers, Just Energy exited the year at 4,346,000 customers, up 11% from a year earlier.
? TGF ethanol plant margin down sharply to $2.2 million for the quarter from $6.5 million in fiscal 2012.
? Overall gross margin of $142.5 million, down 3% year over year.
? Adjusted EBITDA of $72.5 million, down 18% year over year, reflecting earnings before marketing expenditures to add new gross margin.
? Future embedded gross margin of $2.2 billion ($15.19 per share), up 12% year over year from $1.9 billion ($13.56 per share).
? Payout ratio on Adjusted EBITDA was 62% for the quarter, compared to 50% for the three months ended December 31, 2011. For the trailing 12 months, the payout ratio was 65% compared to 60% a year earlier.
? Payout ratio on trailing 12-month Base Funds from Operations was 172%, up from 96% a year earlier as cash from operations was used to fund growth expenditures which have rapid payback periods.
? Year to date gross margin growth of 9% lags behind published annual guidance of 10% to 12%, and year to date Adjusted EBITDA down 6%, well below the published annual guidance of 8% to 10%.
it's a good time to get in but I’m waiting for about 7.70 a share I think people leaving will drop the share price to a new low
Thanks Dav
I'm a day trader and was trying to do some investing, buy decided to step back for a day or so.
I think you have more upside before the divy drop.
nice trade..still holding a bunch..hopefully continuation on monday and not just a paintjob,lol
SDR
Sold 2500 @ !5.5301 +.1401
Sold 2500 @ 15.6401 + .25
Sold 2500 @ 15.6501 + .2601
May look to get back in later
JE..http://ih.advfn.com/p.php?pid=nmona&article=56199223
divi getting cut to .07 a month
3:53PM Universal Insurance subsidiary UPCIC receives premium rate increases for its Florida homeowners and dwelling fire programs (UVE) 4.45 -0.02 : Co announced that on January 7, 2013, Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary, received approval from the Florida Office of Insurance Regulation (OIR) of a rate increase for its homeowners insurance program within the State of Florida. The rate increase will result in an average premium increase of approximately 14.1 percent statewide across all forms. Effective dates for the rate increase are January 18, 2013, for new business and March 9, 2013, for renewal business.
UVE may turn interesting tomorrow:
4:18PM Universal Insurance announces Bradley I. Meier will resign as Chairman, President and Chief Executive Officer of the co to pursue other opportunities (UVE) 4.47 +0.01 : Co announced today that Bradley I. Meier will resign as Chairman, President and Chief Executive Officer of the Company to pursue other opportunities outside the residential homeowners insurance industry. Mr. Meier's resignation will be effective as of February 22, 2013. Mr. Meier will remain available to the Company as needed in an advisory capacity. The Company also announced that it expects that Sean P. Downes will become President and Chief Executive Officer. Mr. Downes, a 14-year veteran with the Company, has been the Company's Senior Vice President, Chief Operating Officer and a director since January 2005, and Chief Operating Officer and a director of Universal Property & Casualty Insurance Company, a wholly-owned subsidiary of the Company, since July 2003.
SDR 14.85 bought a couple hundred for the long haul!
Energy trusts suffer another shellacking after RBC Capital issues downgrades and target price reductions for SandRidge Permian Trust (PER -6.6%), due to reduced production visibility and increased risk profiles following below-expected Q4 distributions, and SandRidge Mississippian Trust I (SDT -5.5%) and II (SDR -1.6%), as increasing risk meets additional production concerns
yup..tghis site has RBC price target lowered to 18,
http://www.streetinsider.com/Analyst+PT+Change/RBC+Capital+Downgrades+Sandridge+Mississippian+Trust+II+(SDR)+to+Sector+Perform/8063704.html
other site said $15..http://www.jagsreport.com/2013/02/sandridge-mississippian-trust-i-stock-rating-lowered-by-rbc-capital-sdt/
nothing like manipulation and misinformation going into ex-divi
SDR downgrade
by RBC. from outperform to perform.
they are piling on now.
Compound Returns Calculator..http://www.dividend.com/tools/compounding-returns-calculator.php
list of monthly divi tickers, if anyone interested..http://www.dividend.com/dividend-stocks/monthly-dividend-stocks.php
SDR goes ex-divi on tuesday the 12th..http://www.dividend.com/dividend-stocks/basic-materials/oil-and-gas-drilling-and-exploration/sdr-sandridge-mississippian-trust-ii/
just fyi
nice close on SDR ..15.48..whew + weeee
Its a long term play for me. I bought it at 80 cents last year- recieved 4 divys, plus up 20%- I'm happy
It is a well managed company, and they have paid 50 dividends since they started.Safe 5% yield, imo
Tim
Volume on AMNF is kinda low
AMNF- quietly setting a 52-week high over a buck <vbg>
Day's Range: 0.98 - 1.02
52wk Range: 0.65 - 1.00
Volume: 18,466
Avg Vol (3m): 29,852
http://finance.yahoo.com/q?s=AMNF
Market Cap: 31.47M
P/E (ttm): 11.67
EPS (ttm): 0.08
Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic and Light Basil Pesto. Armanino’s Organic line includes classic Basil Pesto. Frozen pastas, sauces and meatballs are also offered by Armanino Foods.
15.25, hope that was bottom
i hope it doesn't,lol..this is nutty..somebosy needed out,this should get a little luv late this week into ex-divi..divi will make me green, hopefully it doesn't drop too much on ex-divi
Have an order in at 14.82 but it didn't fill
added 14.81/2..now 5k..bounce please
adding big here 15.07-15.11..nuts!..double bottom better hold
Cool, no recent changes for me, but I now have MCO on the radar after yesterday's mess.
BOT 2500 more SDR at $15.18
BOT 2500 more SDR at $15.32
ok,appreciate the warning..they still have plenty of holes to drill, the oil vs gas ratio skewed payout,i have starter position and 15's better hold (lol), will comment further after digging deeper.
This supports my comment-
Hmm- CSX is starting to look like an entry area for me- Maybe another 50 cent drop, and I'll be joining you on the play
on SDR,http://ih.advfn.com/p.php?pid=nmona&article=56091445..its paying out what it made this quarter
SDR- has $62mil revenue, and pays out almost twice that in dividends? Not a very sustainable model, imo.
cool..ex-divi next monday i believe..should catch a bid soon
DAV
I bought 2500 SDR at 15.67 to join you.
I think we go back up also
SDR under 16, added..think it bounces back to 20+ in a few months
Energy trusts (SDT, PER, SDR) all take hits after announcing dividend and production cuts last night (I, II, III), and Raymond James does not pass "Go," downgrading the group to Sell from Buy. These new trusts are misunderstood, says one trader long the names. The wells are still getting drilled and there's going to be volatility in production volumes. They're cheap by any metric and - unlike MLPs - they're debt-free, having no need to issue debt (or shares) to replace depleting assets.
https://docs.google.com/document/d/1PerKQCjenR0ZNP1wttbVDOmymd4wSVlwFW_LaiYPVoo/edit?pli=1
Bought a starter in WFC at $34.80
Been a good week for buying <bg>
The spinoffs can be annoying. I held Kraft for two years and wasn't watching the headlines. I look at my portfolio a few months ago and I see this MDLZ in there. I sold both, and just snagged MDLZ again when I posted here.
Same for LMCA which spun off STRZA. The symbol changed for LMCA to LMCAD for a few weeks in early Jan 2013. I had trouble finding the posted symbols for a few days.
I'll dump LMCA and STRZA in April once I'm at the one year anniversary to snag the LT CG treatment. Easier to keep track of the basis by dumping them, since the basis for STRZA in this case is $0.
took a small starter in MDLZ at $27.75. I think it may drop some, so will add under $27, but wanted to get in the stock.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |