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.
VGR ~~~~ follow the thread......
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133729300
The answer is: Too Be!
Vector Group Shares Add 3.1% Pre-Bell as Q2 Earnings, Revenue Increase vs Year Ago
MIDNIGHT TRADER 7:00 AM ET 8/4/2017
Symbol Last Price Change
VGR 20.47up +0.58 (+2.92%)
QUOTES AS OF 10:11:49 AM ET 08/04/2017
07:00 AM EDT, 08/04/2017 (MT Newswires) -- Vector Group(VGR) , a manufacturer of cigarettes, reported Friday Q2 adjusted earnings of $0.25 per share, up from $0.19 per share in the prior year period and higher than the $0.18 per share estimate from a single analyst polled by Capital IQ.
Total revenues were $472 million, up from $438.3 million reported for the same period last year and higher than the $449 million estimate from one analyst.
Shares were 3% higher pre-bell.
Price: 20.50, Change: +0.61, Percent Change: +3.07
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©http://www.mtnewswires.com Copyright © 2017 MT Newswires. All rights reserved
To be or not to be ---- that is the question ~~~~~
VGR ~~~~ Hmmmmm?!?!?!?!?
Tobacco Stock Tumble is Felt in Wide Number of Funds -- Market Talk
DOW JONES & COMPANY, INC. 10:00 AM ET 7/31/2017
Symbol Last Price Change
MO 65.34 -1.6 (-2.39%)
QUOTES AS OF 10:00:44 AM ET 07/31/2017
10:00 ET - When tobacco companies cough, a wide array of fund investors feel it. Shares of Marlboro maker Altria(MO) are widely owned by an array of mutual funds and passive, index-tracking exchange-traded funds, including those that promise low volatility, quality earnings and recurring dividend payments. Passive indexers own 85% Altria's(MO) shares outstanding, according to Macro Risk Advisors. MO fell nearly 10% Friday after the FDA said it wants tobacco companies to make all cigarettes with such low levels of nicotine that they are no longer addictive. The stock dropped another 2.4% on Monday. (chris.dieterich@wsj.com; @chrisdieterich)
(END) Dow Jones Newswires
07-31-171000ET
Copyright (c) 2017 Dow Jones & Company, Inc.
Vector Group Ltd, Inst Holders, 2Q 2017 (VGR)
DOW JONES & COMPANY, INC. 4:30 AM ET 7/19/2017
The following table shows the largest shareholders in VECTOR GROUP LTD COM (VGR) for the quarter ended June 30, 2017, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 06/30/2017
Institution Shares Shares % Last
Held Changed Held Report
The Vanguard Group Inc. 8,657,511 288,771 6.689 03/31
Renaissance Technologies LLC 7,542,903 942,683 5.828 03/31
BlackRock Fund Advisors 5,411,595 121,511 4.181 03/31
City National Rochdale LLC 5,319,342 (235,892) 4.110 03/31
Dimensional Fund Advisors LP 2,380,984 22,806 1.840 03/31
Robeco Institutional Asset Man 2,305,825 269,740 1.781 03/31
Invesco PowerShares Capital Ma 1,995,704 (44,922) 1.542 03/31
SSgA Funds Management Inc. 1,929,674 136,772 1.491 03/31
Mellon Capital Management Corp 1,687,558 80,227 1.304 03/31
Acadian Asset Management LLC 1,353,262 725,533 1.046 03/31
Advisors Asset Management Inc 1,342,450 67,953 1.037 03/31
T. Rowe Price Associates Inc. 1,177,182 (178,680) 0.909 03/31
Northern Trust Investments In 1,172,278 78,706 0.906 03/31
Voya Investment Management Co. 1,129,397 184,510 0.873 03/31
Teachers Advisors LLC 781,953 9,606 0.604 03/31
Citadel Advisors LLC 777,392 615,126 0.601 03/31
Geode Capital Management LLC 747,661 19,308 0.578 03/31
Global X Management Co. LLC 718,283 68,486 0.555 03/31
Two Sigma Advisers LP 622,667 104,149 0.481 03/31
Morgan Stanley Smith Barney LL 554,542 21,061 0.428 03/31
Charles Schwab Investment Mana 525,579 30,491 0.406 03/31
Two Sigma Investments LP 495,752 (23,638) 0.383 03/31
Parametric Portfolio Associate 444,954 93,995 0.344 03/31
Deutsche Asset Management Inve 397,843 222,723 0.307 03/31
Mutual of America Capital Mana 393,566 539 0.304 03/31
BlackRock Investment Managemen 357,532 (8,613) 0.276 03/31
TCW Asset Management Co. LLC 335,847 335,847 0.259 03/31
ProShare Advisors LLC 335,508 46,227 0.259 03/31
The Bank of New York Mellon Co 330,238 12,936 0.255 03/31
Park Circle Co. 278,653 0 0.215 03/31
TIAA-CREF Investment Managemen 250,241 (14,974) 0.193 03/31
Wells Fargo Clearing Services 229,905 15,951 0.178 03/31
Great Lakes Advisors LLC 220,067 220,067 0.170 03/31
Private Advisor Group LLC 212,674 40,999 0.164 03/31
Gateway Investment Advisers LL 212,474 38,086 0.164 06/30
HighTower Advisors LLC 209,862 21,494 0.162 03/31
Russell Investment Management 200,761 60,989 0.155 03/31
UBS Financial Services Inc. 196,613 (9,848) 0.152 03/31
Analytic Investors LLC 191,388 53,357 0.148 03/31
Guggenheim Partners Investment 175,249 17,718 0.135 03/31
KMS Financial Services Inc. 172,365 33,008 0.133 03/31
Credit Suisse Securities (USA) 168,610 (8,255) 0.130 03/31
Martingale Asset Management LP 167,024 167,024 0.129 03/31
Schweizerische Nationalbank (I 160,531 3,200 0.124 03/31
Fidelity Management & Research 140,784 140,784 0.109 03/31
AllianceBernstein LP 136,613 (10,159) 0.106 03/31
Millennium Management LLC 128,469 115,901 0.099 03/31
Morgan Stanley & Co. LLC 122,693 (147,743) 0.095 03/31
Stanley-Laman Group Ltd. 121,158 (6,720) 0.094 03/31
Teacher Retirement System of T 117,473 69,464 0.091 03/31
13F data provided by: Factset Research Systems Inc.;
Please send questions to ownership@factset.com.
Copyright, Factset Research Systems, 2017. All Rights Reserved.
(END) Dow Jones Newswires
07-19-170430ET
Vector Group Ready to Light It Up; The Chart is Smokin'
Robert Moreno
Follow Apr 20, 2017 6:58 AM EDT
https://www.thestreet.com/story/14093948/1/vector-group-ready-to-light-it-up-the-chart-is-smokin.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Hey stranger ---- now that's what you call an ATM
machine with no PIN required !
Congrats!!!
Yes sir. Just did some long over due calculating....... Started with 422 shares with a cost basis of $15.25, fees included. As of the end of March, allowing the DRIP to work for me, I now have 1,212 shares with a cost basis of $5.31. First shares bought March (200) and September (222) of 2009. No complaints here.....
VGR makes this Stock Screen: Top dividend yielder with at least 10% upside
VGR ~~~ R U still holding?
Keeps on Keepin' On !
3 year weekly chart looks fantastic. Anyone have any thoughts concerning the dividend growth? Seems to be picking up speed the last couple years, in my uneducated opinion. I'm not sure if this is a red flag or not.
http://stockcharts.com/h-sc/ui?s=VGR&p=W&yr=3&mn=0&dy=0&id=p42159224751
Form 8-K VECTOR GROUP LTD For: Oct 29
10K WIZARD 6:28 AM ET 10/30/14
http://archive.fast-edgar.com/20141030/AKZ2B222Z222M272222N22Z2JBRS6N2R2262
Filed on: October 30, 2014
Finally it moves and hey what is wrong, one get's paid for Holding as well with a juicy yield.
Should lift entire sector ~~
Analyst Actions: Altria PT Raised $3 to $46 at Stifel Nicolaus, Buy Rating Maintained; Shares Edge Up Pre Bell
MIDNIGHT TRADER 7:34 AM ET 09/08/14
Symbol Last Price Change
MO 43.39 0 (0%)
QUOTES AS OF 04:06:29 PM ET 09/05/2014
07:34 AM EDT, 09/08/2014 (MT Newswires) -- Tobacco company Altria Group(MO) has had its price target raised to $46 from $43 a share by analysts at Stifel Nicolaus. The firm maintained its buy rating on the stock.
In Monday's pre-market session, shares of MO were up 0.28% to $43.49, and are trading within a 52-week range of $33.80 - $43.70.
Price: 43.49, Change: +0.12, Percent Change: +0.28
©http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
Do you know if VGR is involved here in any way?
ZMapp, which uses antibodies from tobacco plants, is made by the privately held Mapp Biopharmaceutical Inc, based in San Diego, California.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105882133
Thanks ----- hope all's well ole' HRCT friend!!
Be well!!!!
(NYSE: VGR) today announced that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share. Additionally, the Company declared its regular annual stock dividend of 5% for the 16th consecutive year. Both the quarterly cash and the annual stock dividends are payable on September 26, 2014 to holders of record as of September 15, 2014.
Cannot resist buying more. With 7.4% yield and a huge Discount to it's real-estate Holdings I am wondering how Long it takes that good old Warren puts his fingers in or sombebody else, forcing them to a spin-off -
The tobacco part would unleash a strong momentum and the Real-Estate part as well.
And best of all: They have roughly $ 740 Mio Cash at Hand.
Yo' ---- what's going on with VGR today?????
$VGR - Vector Group Declares Quarterly Cash Dividend
Sep 4, 2013 08:00:04 (ET)
MIAMI, Sep 04, 2013 (BUSINESS WIRE) -- Vector Group Ltd. today announced that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share. Additionally, the Company declared its regular annual stock dividend of 5%. Both the quarterly cash and the annual stock dividends are payable on September 27, 2013 to holders of record as of September 16, 2013.
Vector Group is a holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC. Additional information concerning the company is available on the company's website, www.VectorGroupLtd.com .
SOURCE: Vector Group Ltd.
Sard Verbinnen & Co
Paul Caminiti/Jonathan Doorley/Emily Deissler
212-687-8080
Vector Announces Private Offering of $375 Million of Senior Secured Notes
01/29 07:00 AM
MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (VGR:$15.67,00$0.10,000.64%) (“Vector” or the “Company”) announced today that it is offering $375 million aggregate principal amount of senior secured notes due 2021 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be fully and unconditionally guaranteed by all of the wholly owned domestic subsidiaries of the Company that are engaged in the conduct of the Company’s cigarette businesses. The guarantees provided by some of the subsidiary guarantors will be secured by first priority or second priority security interests in certain assets of such guarantors.
The Company intends to use the net cash proceeds from the Notes offering to pay a portion of (i) the consideration for a cash tender offer for the Company’s 11% senior secured notes due 2015 (the “Existing 11% Notes”), (ii) the redemption price for any Existing 11% Notes that are not tendered in the cash tender offer, plus accrued and unpaid interest, and (iii) any fees and expenses in connection with the cash tender offer and any redemption of the Existing 11% Notes.
The Notes are being offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to persons outside the United States in compliance with Regulation S. The Notes will not initially be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or in a transaction that is not subject to the registration requirements of the Securities Act or any state securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes or any security, nor will there be any offer, solicitation or sale of the Notes or any other security in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates”, “believes”, “estimates”, “expects”, “plans”, “intends” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in, or implied by, such statements.
All information set forth in this press release is as of January 29, 2013. Vector does not intend, and undertakes no duty, to update this information to reflect future events or circumstances. Risk factors and uncertainties that may cause actual results to differ materially from expected results include, among others, our ability to successfully complete the proposed notes offering and tender offer.
Vector Group (VGR:$15.67,00$0.10,000.64%) is a holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC.
Source: Vector Group Ltd. (VGR:$15.67,00$0.10,000.64%)
Forewarned!!
US states welcome tobacco settlement, bond woes remain
12/20 12:44 PM
--------------------------------------------------------------------------------
By Lisa Lambert
WASHINGTON, Dec 20 (Reuters) - A recent deal with tobacco companies will distribute money to 17 states that has been tied up for years, but the funds may only provide short-term relief to underfunded tobacco bonds.
Cigarette makers including Philip Morris USA and R.J. Reynolds Tobacco Co (RAI:$42.01,00$-0.03,00-0.07%) announced this week a settlement with the states in a long-running dispute over the amount of payments they are required to make under the 1998 landmark anti-smoking agreement. On Wednesday, prices for long tobacco bonds rose following news of the settlement.
The settlement gives states a share of $4 billion in disputed payments. The manufacturers will receive credits against future payments.
The 1998 agreement, which involved almost all 50 states, included a section designed to level the playing field between companies that signed it and those that did not. It cut the signing companies' payments to the states by an amount equivalent to the market share the companies lost to the firms that did not sign the agreement.
Those reductions created a long-standing fight, with the participating companies arguing that their sales are not big enough to justify payments. They put the sums they dispute into escrow, keeping states and the District of Columbia and Puerto Rico from collecting the money.
"The settlement, if approved, will increase the amount of money that the District receives," said David Umansky, spokesman for Washington D.C.'s chief financial officer. "In particular, the settlement will limit the ability of tobacco companies to withhold amounts from future payments to the District."
Georgia will get $56 million in 2013 from the settlement, said Attorney General Sam Olens, adding that the agreement saved the state legal costs and ensures continued cash flows in the future that are now mostly used for health programs.
"We did not securitize any of our tobacco funds. It will not impact any of our outstanding debts," said Susan Ridley, director of Georgia's Financing and Investment Division.
Arkansas only sold about $5 million bonds, and the $24.2 million it receives in 2013 from the settlement will mostly go to the state's public health programs dealing with cigarette addiction, according to Phelps.
States, counties and cities have sold nearly $40 billion of bonds backed by the more than $200 billion in payments that U.S. cigarette makers agreed to make to them over time.
Recently, rating agencies have raised red flags that declining tobacco consumption could affect the future of those bonds. The recent settlement will provide certainty and will free up some cash, but it will likely not wipe out the risk of defaults on the debt, said Richard Larkin, the senior vice president of Herbert J. Sims & Co., Inc. who spent most of Wednesday parsing the settlement.
"I know this is good for tobacco bonds but it's not like it completely solved the shortfall problems," he said, noting the companies' credits will essentially mean states do not receive the total sum they anticipated. "They're not going to get as much money as they originally thought but they're going to get more money than they were getting."
"It's just going to delay the year when they run out of money and they don't have enough to cover all their bonds. It's a major development, but it's very complicated," added Larkin, who closely monitors tobacco bonds.
California, one of the largest issuers of tobacco bonds, said the settelement would provide no new net benefit to its bottom line. The bonds were sold by the Golden State Tobacco Corporation, which in turn paid the state, according to the state's treasury department, and that corporation is entitlted to any proceeds.
Attorneys general for other major tobacco bond issuers New Jersey and Virginia did not respond to requests for comment. According to Standard & Poor's, Virginia has sold more than $1 billion tobacco bonds, and New Jersey more than $3.5 billion.
In 2011 Ohio, California and Virginia all had to tap reserves to repay bondholders.
The other states in the settlement - Alabama, Arizona, Kansas, Louisiana, Michigan, Nebraska, Nevada, New Hampshire, New Jersey, North Carolina, Tennessee, West Virginia and Wyoming - also could not be reached for comment. Puerto Rico is part of the settlement, as well.
In July, Moody's Investors Service warned that the majority of tobacco bonds will default if cigarette consumption keeps falling at a 3 percent to 4 percent pace. The debt, though, often outperforms the rest of the $3.7 trillion U.S. municipal bond market. (Reporting by Lisa Lambert, Additional reporting by Michael Connor in Miami; editing by Andrew Hay)
Just a little heads-up here, Mr. BR:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82582978
Vector Group (VGR) declares $0.40/share quarterly dividend, in line with previous. Forward yield 9.54%. For shareholders of record Dec 10. Payable Dec 20. Ex-div date Dec 06
Judge orders tobacco companies to admit deception publicly
11/27 03:41 PM
--------------------------------------------------------------------------------
WASHINGTON, Nov 27 (Reuters) - Major tobacco companies must take out advertisements saying they deliberately deceived the U.S. public about the danger and addictiveness of cigarettes, a federal judge ruled on Tuesday.
The ruling in U.S. District Court for the District of Columbia attempts to finalize the wording of the advertisements that the judge first ordered in 2006 after finding the companies violated federal racketeering law.
Tobacco companies fought a public admission of deception, calling it a violation of their free speech rights. (Reporting by David Ingram; Editing by Gary Hill)
Form 8-K VECTOR GROUP LTD For: Nov 20
11/20 12:16 PM
--------------------------------------------------------------------------------
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8572043
Filed on: November 20, 2012
full disclosure:
Stock Order: VGR-VECTOR GROUP LTD
Status Filled at $16.42
Symbol VGR
Description VECTOR GROUP LTD
Action Sell
Quantity xxxxxxxxxx Shares
Route KNIGHT CAPITAL MARKETS, L.L.C.
Order Type Limit at $16.42
Time in Force Day
Conditions All or None
Trade Type Cash
Market Session Standard
Order Date 11/05/2012, 03:54:00 PM ET
Vector Group to Host Third Quarter 2012 Conference Call
10/31 08:00 AM
MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (VGR:$16.46,00$-0.08,00-0.48%) will conduct a conference call and webcast to discuss its third quarter 2012 results on Thursday, November 1, 2012 at 11:00 a.m. (ET).
Investors can access the call by dialing 800-859-8150 and entering 88977771 as the conference ID number. The call will also be available via live webcast at www.investorcalendar.com. Webcast participants should allot extra time before the webcast begins to register.
A replay of the call will be available shortly after the call ends on November 1, 2012 through November 15, 2012. To access the replay, dial 877-656-8905 and enter 88977771 as the conference ID number. The archived webcast will also be available at www.investorcalendar.com for 30 days.
Vector Group (VGR:$16.46,00$-0.08,00-0.48%) is a holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC. Additional information concerning the company is available on the company’s website, www.VectorGroupLtd.com.
Source: Vector Group Ltd. (VGR:$16.46,00$-0.08,00-0.48%)
Cool! Gonna own a piece of Times Square!
Purchase Clears Way for First New Times Square Mixed-Use Development in a Quarter Century
36-Story Project will Feature the Largest LED Screen in Times Square, a Modern Multi-Story Retail Shopping Complex, and a 500-Room Hotel Tower
10/16 10:20 PM
NEW YORK, Oct. 16, 2012 /PRNewswire/ -- Maefield Development, Infinity Urban Century, The Witkoff Group and New Valley, an investment unit of Vector Group LTD (VGR:$16.67,00$-0.06,00-0.36%) , announced today that they have completed the $430 million acquisition of their Times Square Gateway Center development site. The purchase clears the way for construction of a 340,000 square-foot, 36-story, multi-use development that will anchor the northern end of Times Square, with a new retail experience, a hotel tower, and the nation's largest single LED screen.
(Photo: http://photos.prnewswire.com/prnh/20121016/NY94638 )
The iconic Times Square Gateway Center development, located at 47th Street and Seventh Avenue, will dramatically transform a prime corner of Manhattan's Times Square. When fully complete in three years, the $800 million project will feature 130,000 square feet of best-in-class multi-story retail space facing the Square, a 24,000 square-foot state-of-the-art LED sign wrapping around its facade at 100 feet of height, a dramatic rooftop and entertainment venue overlooking the Square, and a world-class 500-room hotel tower. The podium building will deliver retail space with an unparalleled technology infrastructure, large floor plates, and wide open unobstructed areas to serve the hundreds of millions of consumers who come through America's number one tourist destination.
"The Times Square Gateway Center will greatly enhance the North end of Times Square," says Ike S. Franco, Co-Managing Partner of Infinity Urban Century, LLC. "With the combined strength of Maefield Development, New Valley, and The Witkoff Group, this project has the potential to become one of the most innovative New York City developments in decades and to further cement the image of Times Square as the most vibrant global retail and entertainment district."
Times Square's renaissance has been remarkable over the last 15 years. It has regained its dominance as the most highly visited urban corridor in the world, offering global retailers and brands unparalleled foot traffic and visibility. Today, retail, lodging and entertainment together generate over $5 billion in sales annually in the Square. In April of this year, the Bloomberg administration announced a $50 million overhaul of Times Square's streetscape to include new pedestrian areas, new sidewalks, granite benches, and lighting fixtures which are expected to give the venerated urban square a more modern feel and a fresh new look.
Maefield Development and Infinity Urban Century secured exclusive control of the site in January 2012, after multi-year negotiations between Maefield and the various interest holders. The assemblage of all the purchase rights needed to create a free and clear developable site of this scale required securing purchase agreements for the fee simple interest in the land from the owners of the 701 Seventh Avenue property, irrevocable lease buyout agreements from the long term retail tenants that occupied the ground floor, and repurchase agreements from the existing facade signage license holders, all of which came together during the first half of this year.
An existing eleven-story turn-of-the-century office building currently on the site will be partially demolished to make way for the project's retail and signage complex, expected to be operational within two years. The joint venture will spend $170 million to develop the retail complex and another $200 million for the hotel tower. Starwood Capital is providing $475 million in combined acquisition and construction financing for the development, $375 million of which was funded at closing.
This transformational development is a testament to New York City's resilience and staying power in the midst of a slow national economic recovery. NYC's intellectual energy and economic vibrancy continues to inspire entrepreneurial risk takers to take large bets with the potential to generate thousands of new jobs for the City.
Maefield Development is a privately owned real estate company, led by visionary CEO Mark Siffin. It has been headquartered in Indiana since 1991, and has had a long history developing iconic projects in major US cities. It focuses on acquiring and developing undervalued and underutilized properties, and it is known for many award-winning developments throughout the United States, including Los Angeles, San Francisco, Miami, and Kansas City among others. Over the last 20 years, the company has successfully acquired, entitled, and developed or sold in excess of five million square feet of retail and office space and 4,600 single-family and multi-family residences, including urban ground-up high-rise developments as well as master planned residential communities and shopping centers.
Infinity Urban Century is the urban property investment unit of the Infinity Group, a New York-based privately-held investment holding company, and is led by partners Ike S. Franco, Steven J. Kassin and Etienne Locoh. Infinity's owned portfolio comprises approximately 50 commercial properties and development projects in 13 states. Through its affiliates and portfolio companies Infinity oversees in excess of 35 million square feet. The Company's principals have led over $2.5 billion of real estate related investments, representing over 80 acquisitions, developments, and corporate recapitalizations. The firm's roots managing and repositioning under-valued consumer brands gives it a unique approach to the reinvention of urban retail and mixed use assets.
The Witkoff Groupis a fully integrated real estate investment firm that owns a diverse portfolio of commercial real estate assets in the US. Founded by real estate investor Steve Witkoff, the firm specializes in acquiring undervalued properties in key central business district locations. The Witkoff Group joined forces with New Valley, LLC, the real estate investment subsidiary of Vector Group Ltd. (VGR:$16.67,00$-0.06,00-0.36%) The company owns a 50% ownership interest in Douglas Elliman Realty and is seeking to acquire additional operating companies. It also holds investments in several significant real estate projects in California and New York.
CONTACT:
Viet N'Guyen, Edelman 212-704-4535
Errol Cockfield, Edelman 212-729-2141
SOURCE Infinity Urban Century
Congrats ~~~ you're starting to build a nice "CHIP PILE" there!!
Yup, VGR is like having your own ATM machine ~~~ but, just remember tobacco still a really risky play in many ways.
Enjoy those $$$$$$$$$$ !!
Oh, and Gooooooooooooooooo HRCT!!!
77 more shares. 300 freebies to date. $1.13 in cost basis reduction.
EZ money!
Yep, all sounds about right!
I already have an order in pre-market (buy) !
I did set it low and it most likely will not fill ---- but,
I have a NOT so GOOD feeling about the market today.
I did not want to shoot myself in the foot as I envision
regular trading activity today could be a bit volatile!?!?!?!?!
TickTock Ex Divy Date on the Clock
H E L L O ~~~~ VGR
Vector Group Declares Quarterly Cash Dividend
Grants Stockholders Additional 5% Stock Dividend
09/04 04:30 PM
MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (VGR:$17.17,00$0.07,000.41%) today announced that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share.
Additionally, the Company declared its regular annual stock dividend of 5%. Both the quarterly cash and the annual stock dividends are payable on September 28, 2012 to holders of record as of September 21, 2012.
Vector Group (VGR:$17.17,00$0.07,000.41%) is a holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC. Additional information concerning the company is available on the company’s website, www.VectorGroupLtd.com.
Source: Vector Group Ltd. (VGR:$17.17,00$0.07,000.41%)
Big payday comes next Q ~~~ congrats!!!
And............ "Goooooooooooo HRCT" !!!!!
Yeah, no reason yet not to keep 'em.
Another year or so (late 2013) and my shares should be doubled thru the DRIP.
R U still holding any? (Sept. Q is the biggee)
Vector Group Reports Second Quarter 2012 Financial Results
07/31 08:52 AM
MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (VGR:$17.10,00$0.04,000.23%) today announced financial results for the three and six months ended June 30, 2012.
Second quarter 2012 revenues were $276.6 million, compared to revenues of $291.2 million in the second quarter of 2011. The decline in revenues in 2012 was primarily due to decreased unit sales of approximately 8.4% in the 2012 period compared to the 2011 period. The Company recorded operating income of $40.9 million in the 2012 second quarter, compared to operating income of $38.0 million in the second quarter of 2011. Net income for the 2012 second quarter was $3.9 million, or $0.05 per diluted common share, compared to $30.3 million, or $0.34 per diluted common share, in the 2011 second quarter. The results for the three months ended June 30, 2012 included a pre-tax expense on the acceleration of interest expense of $7.9 million related to the conversion of the Company's convertible debt and pre-tax losses related changes in the fair value of derivatives embedded within convertible debt of $6.0 million. Adjusting for these items, second quarter 2012 net income was $12.2 million or $0.15 per diluted share. The results for the three months ended June 30, 2011 included pre-tax gains from the liquidation of long-term investments of $19.5 million, changes in the fair value of derivatives embedded within convertible debt of $9.4 million, and the sale of a townhome of $577,000 offset by the acceleration of interest expense of $1.2 million related to the conversion of the Company's convertible debt. Adjusting for these items, second quarter 2011 operating income was $38.0 million and second quarter 2011 net income was $13.2 million or $0.16 per diluted share.
For the six months ended June 30, 2012, revenues were $534.2 million, compared to $551.6 million for the first six months of 2011. The decline in revenues in 2012 was primarily due to decreased unit sales of approximately 6.5% in the 2012 six-month period compared to the 2011 period. The Company recorded operating income of $74.4 million for the 2012 six-month period, compared to operating income of $69.4 million for the 2011 period. Net loss for the 2012 six-month period was $3.8 million, or $(0.05) per diluted common share, compared to net income of $49.7 million, or $0.61 per diluted common share, for the 2011 period. The results for the six months ended June 30, 2012 included pre-tax losses from changes in the fair value of derivatives embedded within convertible debt of $27.1 million and the acceleration of interest expense of $7.9 million related to the conversion of the Company's convertible debt. Adjusting for these items, net income for the six months ended June 30, 2012 was $17.7 million or $0.22 per diluted share. The results for the six months ended June 30, 2011 included pre-tax gains from the liquidation of long-term investments of $23.6 million, changes in the fair value of derivatives embedded within convertible debt of $8.9 million and the sales of townhomes of $3.7 million offset by the acceleration of interest expense of $1.2 million related to the conversion of the Company's convertible debt. Adjusting for these items, operating income for the six months ended June 30, 2011 was $69.4 million and net income for the six months ended June 30, 2011 was $28.5 million or $0.35 per diluted share.
For the three and six months ended June 30, 2012, the Company's tobacco business had revenues of $276.6 million and $534.2 million, respectively, compared to $291.2 million and $551.6 million for the three and six months ended June 30, 2011, respectively. Operating income was $44.6 million for the second quarter of 2012 and $82.1 million for the first six months of 2012, compared to $42.2 million and $78.6 million for the three and six months ended June 30, 2011, respectively.
Conference Call to Discuss Second Quarter 2012 Results
As previously announced, the Company will host a conference call and webcast on Tuesday, July 31, 2012 at 11:00 A.M. (ET) to discuss second quarter 2012 results. Investors can access the call by dialing 800-859-8150 and entering 25601183 as the conference ID number. The call will also be available via live webcast at www.investorcalendar.com. Webcast participants should allot extra time before the webcast begins to register.
A replay of the call will be available shortly after the call ends on July 31, 2012 through August 14, 2012. To access the replay, dial 877-656-8905 and enter 25601183 as the conference ID number. The archived webcast will also be available at www.investorcalendar.com for 30 days.
Vector Group (VGR:$17.10,00$0.04,000.23%) is a holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC. Additional information concerning the company is available on the company's website, www.VectorGroupLtd.com.
VECTOR GROUP LTD. (VGR:$17.10,00$0.04,000.23%) AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in Thousands, Except Per Share Amounts)
Unaudited
Three Months Ended
June 30, Six Months Ended
June 30,
2012 2011 2012 2011
Revenues* $ 276,594 $ 291,180 $ 534,200 $ 551,558
Expenses:
Cost of goods sold* 211,752 231,073 411,933 436,250
Operating, selling, administrative and general expenses 23,914 22,140 47,893 45,865
Operating income 40,928 37,967 74,374 69,443
Other income (expenses):
Interest expense (26,509 ) (25,082 ) (52,761 ) (50,010 )
Change in fair value of derivatives embedded within convertible debt (6,003 ) 9,437 (27,060 ) 8,862
Acceleration of interest expense related to debt conversion (7,888 ) (1,217 ) (7,888 ) (1,217 )
Equity income from non-consolidated real estate businesses 5,232 6,197 8,095 11,101
Equity (loss) income on long-term investments (1,215 ) (154 ) (1,329 ) 609
Gain on sale of investment securities available for sale — 1,506 — 14,541
Gain on liquidation of long-term investments — 19,475 — 23,611
Gain on sales of townhomes — 577 — 3,712
Other, net 583 140 515 216
Income (loss) before provision for income taxes 5,128 48,846 (6,054 ) 80,868
Income tax expense (benefit) 1,233 18,545 (2,259 ) 31,194
Net income (loss) $ 3,895 $ 30,301 $ (3,795 ) $ 49,674
Per basic common share:
Net income (loss) applicable to common shares $ 0.05 $ 0.38 $ (0.05 ) $ 0.62
Per diluted common share:
Net income (loss) applicable to common shares $ 0.05 $ 0.34 $ (0.05 ) $ 0.61
Cash distributions and dividends declared per share $ 0.40 $ 0.38 $ 0.80 $ 0.76
_____________
* Revenues and Cost of goods sold include excise taxes of $130,967, $142,934, $252,892 and $270,568, respectively.
Source: Vector Group Ltd. (VGR:$17.10,00$0.04,000.23%)
Excellent yield, EZ.
Trueheart
Congrats long timer ~~~ 52-Wk. high today ----- and nearly 9% just for holding the stock!
Vector Group Reports Fourth Quarter and Full Year 2011 Financial Results
02/23 05:40 PM
--------------------------------------------------------------------------------
MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (VGR:$18.34,00$0.18,000.99%) today announced financial results for the fourth quarter and year ended December 31, 2011.
For the year ended December 31, 2011, revenues were $1.133 billion, compared to $1.063 billion for 2010. The increase in revenues in 2011 was primarily due to increased unit sales of approximately 2.7% in 2011 compared to 2010 and increased prices in 2011. The Company recorded operating income of $143.3 million for 2011, compared to operating income of $111.3 million for 2010. Net income for 2011 was $75.0 million, or $0.93 per diluted common share, compared to net income of $54.1 million, or $0.67 per diluted common share, for 2010. The results for 2011 included pre-tax gains from the liquidation of long-term investments of $25.8 million, changes in the fair value of derivatives embedded within convertible debt of $8.0 million and the sales of townhomes of $3.8 million offset by a loss on extinguishment of debt of $1.2 million. Adjusting for these items, net income for the year ended December 31, 2011 was $53.3 million or $0.66 per diluted share. The results for 2010 included pre-tax charges of $16.2 million related to litigation judgment expense and another $3.0 million settlement charge and $11.5 million of pre-tax gains from changes in fair value of derivatives embedded within convertible debt. Adjusting for these items, the Company’s operating income for 2010 would have been $130.5 million and the Company’s net income for 2010 would have been $58.7 million, or $0.73 per diluted common share.
Fourth quarter 2011 revenues were $292.8 million, compared to fourth quarter 2010 revenues of $277.6 million. The increase in revenues in 2011 was primarily due to increased prices in 2011 as unit sales declined by 0.4%. The Company recorded operating income of $36.0 million in the 2011 fourth quarter, compared to operating income of $29.3 million in the fourth quarter of 2010. Net income for the 2011 fourth quarter was $7.8 million, or $0.10 per diluted common share, compared to net income of $12.0 million, or $0.15 per diluted common share, in the 2010 fourth quarter. The results for the three months ended December 31, 2011 included pre-tax charges from changes in the fair value of derivatives embedded within convertible debt of $5.3 million. Adjusting for these items, net income for the three months ended December 31, 2011 was $11.1 million or $0.14 per diluted share. The results for the three months ended December 31, 2010 included a $1.8 million pre-tax settlement charge and $1.2 million of pre-tax charges from changes in fair value of derivatives embedded within convertible debt. Adjusting for these items, the Company’s operating income for the 2010 fourth quarter would have been $31.1 million and the Company’s net income for the 2010 fourth quarter would have been $13.9 million, or $0.17 per diluted common share.
For the three months and year ended December 31, 2011, the Company’s tobacco segment had revenues of $292.8 million and $1.133 billion, respectively, compared to $277.6 million and $1.063 billion for the three months and full year ended December 31, 2010, respectively. Operating income was $43.1 million and $164.6 million for the three and twelve months ended December 31, 2011, compared to $33.7 million and $130.2 million for the three and twelve months ended December 31, 2010, respectively. Adjusting for the litigation judgment and settlement charges, operating income for the three and twelve months ended December 31, 2010 was $35.5 million and $149.3 million, respectively.
Conference Call to Discuss Fourth Quarter and Full Year 2011 Results
As previously announced, the Company will host a conference call and webcast on Friday, February 24, 2012 at 11:00 A.M. (ET) to discuss fourth quarter and full year 2011 results. Investors can access the call by dialing 800-859-8150 and entering 96930932 as the conference ID number. The call will also be available via live webcast at www.investorcalendar.com.
A replay of the call will be available shortly after the call ends on February 24, 2012 through March 9, 2012. To access the replay, dial 877-656-8905 and enter 96930932 as the conference ID number. The archived webcast will also be available at www.investorcalendar.com for 30 days.
Vector Group (VGR:$18.34,00$0.18,000.99%) is a holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC. Additional information concerning the company is available on the company’s website, www.VectorGroupLtd.com.
VECTOR GROUP LTD. (VGR:$18.34,00$0.18,000.99%) AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in Thousands, Except Per Share Amounts)
Three Months ended
December 31,
Twelve Months ended
December 31,
2011 2010 2011 2010
Revenues* $ 292,827 $ 277,618 $ 1,133,380 $ 1,063,289
Expenses:
Cost of goods sold* 228,770 225,041 892,883 845,106
Operating, selling, administrative and general expenses 28,034 21,435 97,176 90,709
Litigation judgment expense — 1,800 — 16,161
Operating income 36,023 29,342 143,321 111,313
Other income (expenses):
Interest expense (25,275 ) (23,010 ) (100,706 ) (84,096 )
Changes in fair value of derivatives embedded within convertible debt (5,264 ) (1,211 ) 7,984 11,524
Loss on extinguishment of debt — — (1,217 ) —
Gain on liquidation of long-term investments — — 25,832 —
Equity (loss) income on long-term investments 231 (845 ) (859 ) 1,489
Gain on sales of investment securities available for sale 2,699 8,050 23,257 19,869
Equity income from non-consolidated real estate businesses 2,369 5,125 19,966 23,963
Gain on townhomes 121 — 3,843 —
Other, net 1,385 1,121 1,736 1,508
Income before provision for income taxes 12,289 18,572 123,157 85,570
Income tax expense (4,492 ) (6,556 ) (48,137 ) (31,486 )
Net income $ 7,797 $ 12,016 $ 75,020 $ 54,084
Per basic common share:
Net income applicable to common shares $ 0.10 $ 0.16 $ 0.93 $ 0.68
Per diluted common share:
Net income applicable to common shares $ 0.10 $ 0.15 $ 0.93 $ 0.67
Cash distributions declared per share $ 0.40 $ 0.38 $ 1.54 $ 1.47
* Revenues and cost of goods sold include federal excise taxes of $140,924, $141,505, $552,965 and $538,328, respectively.
Source: Vector Group Ltd. (VGR:$18.34,00$0.18,000.99%)
Vector Group to Host Fourth Quarter and Full-Year 2011 Conference Call
02/23 08:50 AM
--------------------------------------------------------------------------------
MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (VGR:$18.16,00$-0.07,00-0.38%) will conduct a conference call and webcast to discuss its fourth quarter and full-year 2011 results on Friday, February 24, 2012 at 11:00 a.m. (ET).
Investors can access the call by dialing 800-859-8150 and entering 96930932 as the conference ID number. The call will also be available via live webcast at www.investorcalendar.com. Webcast participants should allot extra time before the webcast begins to register.
A replay of the call will be available shortly after the call ends on February 24, 2012 through March 9, 2012. To access the replay, dial 877-656-8905 and enter 96930932 as the conference ID number. The archived webcast will also be available at www.investorcalendar.com for 30 days.
Vector Group (VGR:$18.16,00$-0.07,00-0.38%) is a holding company that indirectly owns Liggett Group LLC and Vector Tobacco Inc. and directly owns New Valley LLC. Additional information concerning the company is available on the company’s website, www.VectorGroupLtd.com.
Source: Vector Group Ltd. (VGR:$18.16,00$-0.07,00-0.38%)
~ Monday! $VGR ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $VGR ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=VGR&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=VGR&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=VGR
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=VGR#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=VGR+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=VGR
Finviz: http://finviz.com/quote.ashx?t=VGR
~ BusyStock: http://busystock.com/i.php?s=VGR&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=VGR >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Icahn Reports No Shares Of Clorox, Vector Group, More Shares Of El Paso
02/14 07:13 PM
--------------------------------------------------------------------------------
NEW YORK (Dow Jones)--Billionaire investor Carl Icahn reported in a regulatory filing on Tuesday that he no longer held a position in Clorox Co. (CLX:$68.09,00$0.02,000.03%) , a company whose board he failed to unseat in an effort to force a sale of the company.
Icahn also reported no longer holding shares of Vector Group (VGR:$18.04,00$0.03,000.17%) , which owns the prominent New York-area real estate brokerage Douglas Elliman Realty LLC and cigarette maker Liggett Group LLC.
The changes in Icahn's positions where revealed in a 13-F filing that is required by many investors who manage more than $100 million. Icahn's filing represents his holdings as of Dec. 31, 2011.
Around late November, Icahn reported in separate filing, that he had lowered his stakes in Clorox and in Vector Group (VGR:$18.04,00$0.03,000.17%) each to 4.99% of shares. The move put him just under the 5% threshold that requires investors to report on sales or purchases of shares as the happen.
Meanwhile, Icahn reported his stake in energy company El Paso Corp. (EP:$27.19,00$-0.03,00-0.11%) had risen 9.5% from the third quarter. As of Dec. 31, he owned 72.3 million shares of the company, or 9.4%.
In October, Kinder Morgan Inc. (KMI:$32.31,00$-0.26,00-0.80%) agreed to buy El Paso Corp. (EP:$27.19,00$-0.03,00-0.11%) and is now reportedly in talks with private equity firms to sell the company's oil-and-gas exploration and production unit.
According to the 13-F, the rest of Icahn's holdings remained largely unchanged from the previous quarter.
Since the end of the reported quarter, Icahn has been making waves at another company he invested in last month, CVR Energy (CVI:$27.62,00$0.66,002.45%) . Icahn, who is pushing the petroleum refiner to sell itself, recently reported raising his stake in the company to 12.6 million shares--about 14.5% of the total outstanding shares and just under the CVR Energy's (CVI:$27.62,00$0.66,002.45%) 15% poison pill.
Icahn said in a separate last week that CVR Energy (CVI:$27.62,00$0.66,002.45%) 's stock price is undervalued, making it a viable sales candidate, and that he's considering nominating directors for CVR Energy's (CVI:$27.62,00$0.66,002.45%) board.
He has also continued raising his shares of WebMD Health Corp. (WBMD:$27.29,00$0.18,000.66%) this year, reporting in January an 11.6% stake in the company.
-By Annie Gasparro, Dow Jones Newswires; 212-416-2244; annie.gasparro@ dowjones.com
(END) Dow Jones Newswires
02-14-121913ET
Copyright (c) 2012 Dow Jones & Company, Inc.
Update.... Found another 70 shares and over a buck in cost basis reduction.
Winner winner chicken dinner !!!
VGR is nothing but an ATM machine in disguise!!
Hmmmm? Wonder how many I'll find come new years? Should also have the 5% special included since my last discovery. :~)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64930395
Followers
|
8
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
630
|
Created
|
06/14/05
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |