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We had a good day yesterday:
Roughly $370 profit on brats fundraiser and approximately $1,600 in ribbon donations. That is not including the small change. We should net a profit of over $2,000 for the event. This is not counting 3 car loads of donated products for Camp American Legion.. Great job by everyone who participated. Many thanks to all who helped out. MJ has to calculate the final amount, but it looks great for Camp American Legion. Huge shout out to Dave and Anthony for the great ideas to raise awareness and reap the profits for Camp.
http://www.wilegion.org/page/content/services/camp-american-legion
I was talking to financial person today asking the same questions, lol.
They think the market is fine, not in a correction. The US economy is still growing, so not to panic.
My thoughts- The sectors are being jumped around, one up as people move money around. Look what happened to basic material sector- All time highs a little over a year ago to 52-week lows now. Not sure how to get in front of that.
The US is growing- there is a lot of demand for product, but the major stumbling block is the work force. We don't have enough workers to increase supply. This isn't a regional problem, it is a national one. There needs to be immigration reform and control of spending programs the take away the will to work. Several employers have told me a lot of the people they interview have no intention of finding work- they are jumping through the hoops to collect the subsistence pay check. This is a sad problem for a society to have
nice move today also:
Duke Energy Corporation (DUK) -NYSE
75.34 Up 2.49(3.42%)
Let's get the 10% correction over with
This is starting to hurt a little, lol.
Several of my high flyers from two years ago are now trading at 52-week lows.
http://finance.yahoo.com/echarts?s=CTCM+Interactive#{"range":"2y","allowChartStacking":true}
http://finance.yahoo.com/echarts?s=BHP+Interactive#{"range":"2y","allowChartStacking":true}
http://finance.yahoo.com/echarts?s=RIG+Interactive#{"range":"2y","allowChartStacking":true}
http://finance.yahoo.com/echarts?s=TCK+Interactive#{"range":"2y","allowChartStacking":true}
I guess the positive is the dividends are reinvested at the lower prices
3:59 am CTC Media receives non-binding offer from UTH Russia for the purchase of a 75% interest in co's Russian business operations (CTCM) : CTC Media (CTCM) announced developments in connection with its response to the amendment to the Russian law "On Mass Media", which will impose further restrictions on non-Russian ownership of Russian television companies beginning January 1, 2016.
•The Company has received a formal, non-binding offer from UTH Russia, a privately held Russian commercial television broadcasting group, for the purchase of a 75% interest in the Company's Russian (and Kazakhstan) business operations.
•Pursuant to the non-binding offer, UTH would acquire a 75% interest in the Company's operating businesses, on a cash- and debt-free basis, for $200 million in cash.
•Following this transaction, the direct and indirect ownership of the group's operating businesses in Russia would comply with the Russian law requirement that at least 80% of the ultimate beneficial ownership and control of the businesses is held by Russians by the stated deadline of January 1, 2016.
JP MOrgan says upgrade:
http://finance.yahoo.com/q/ud?s=VLY
I should be worried- they probably want to sell, lol.
Hold on- Going to be a bumpy ride today
Ford is not the only one jumping into the car-sharing market. General Motors (GM) and BMW (OTCPK:BAMXY) have now announced Airbnb-style schemes, which will allow car owners to earn money by renting out their new vehicles to other drivers. "Society and the automotive industry are undergoing radical change," BMW board member Peter Schwarzenbauer said. Like Ford (NYSE:F), the two companies' program will launch in the U.S. and U.K.
The sector is showing pain: Molycorp has filed for Chapter 11 bankruptcy protection along with its North American subsidiaries to restructure $1.7B of debt in its U.S. and Canadian operations. The company has also obtained agreement for up to $225M in new debtor-in-possession financing. The plan marks a dramatic turn for Molycorp (NYSE:MCP), which rode temporary concerns of a shortage in rare earths elements to a $6B market capitalization in 2011, but has since then faced an oversupplied market.
Thanks
REGI- thoughts?
http://finance.yahoo.com/q?s=REGI
I own a few shares from when they bought out another company
We had great weather today- Rode the motorcycle with the American Legion Riders across Wisconsin raising money for the Legacy Scholarship Fund. Close to $20,000 today and still have to more days of riding
Wow, lots of selling today? Everything I own was red, some with serious volume. Maybe the correction is coming
6:56 am Valley National commences an offering of subordinated debentures and non-cumulative perpetual preferred stock (VLY) : Co intends to use the net proceeds from these offerings for general corporate purposes, potential strategic acquisitions and investments in Valley National Bank as regulatory capital.
Doing well, a little to busy with work, legion, legion riders, six kids, and managing properties, lol.
Good to see you posting here again
6:56 am Valley National commences an offering of subordinated debentures and non-cumulative perpetual preferred stock (VLY) : Co intends to use the net proceeds from these offerings for general corporate purposes, potential strategic acquisitions and investments in Valley National Bank as regulatory capital.
BEIJING, June 15, 2015 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (XIN), a residential real estate developer with a primary focus on high growth cities in China, today announced that its Board of Directors has declared a cash dividend for the first quarter of 2015 of US$0.025 per common share, or US$0.05 per American Depositary Share (ADS), which will be payable on July 2, 2015 to shareholders of record as of June 25, 2015.
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") is a developer of large scale, high quality residential real estate projects aimed at providing middle-income consumers with a comfortable and convenient community lifestyle. In China, Xinyuan primarily focuses its development projects in high growth cities, including Zhengzhou, Jinan, Suzhou, Kunshan, Xuzhou, Chengdu, Shanghai, Beijing, Tianjin, Changsha, Sanya, Xi'an and Hefei. The Company's U.S. development arm, XIN Development Group International, Inc., is a pioneer amongst Chinese real estate residential developers, entering the U.S. market in 2012. Xinyuan is the first real estate developer from China to be listed on the New York Stock Exchange. For more information, please visit http://www.xyre.com.
My other bank stock is doing well also:
Wells Fargo & Company (WFC) -NYSE
57.49 Up 0.28(0.49%)
Day's Range:
57.07 - 57.57
52wk Range:
46.44 - 57.57
Yep- dead money: Can you say 52-week high <VBG>
Day's Range:
10.11 - 10.19
52wk Range:
8.80 - 10.19
http://finance.yahoo.com/q?s=VLY
lmao- closing in on the 52-week high, up 11% this year, plus a divvy payment (4.5% yield) in April.
yep- sounds like dead money
VLY- Coverage initiated on Valley National by Piper Jaffray at Briefing.com
EZ keeps saying it is dead money, lol
The problem we have in our area- Some say why should a work for $500 a week, when I can get $400 in assistance by not working.
The "entitlement system" needs to change, not the tax structure, imo
We have hundreds of jobs in our area that employers are having a hard time filling
http://business.bikesparta.org/jobs
You want to work in a low cost area, move to Sparta
depends on why you buy them. I would think current prices under twenty is fair
http://www.monex.com/prods/silver_eagle_chart.html
8:47 am Teck Resources says it will be implementing temporary shutdowns in the third quarter at its six Canadian steelmaking coal operations (TCK) : The co announced it will be implementing temporary shutdowns in the third quarter at its six Canadian steelmaking coal operations in order to align production and inventories with changing coal market conditions. Each of Teck's steelmaking coal operations will be temporarily shut down for approximately three weeks in the quarter. Shutdowns will be staggered over the summer months among the operations. Teck will continue to meet all contracted and committed coal sales for its entire suite of products.
•Third quarter production will be reduced by approximately 1.5 million tonnes (Mt) to 5.7 Mt, a reduction of 22% for the quarter, with expected sales in the range of 6.0 - 6.5 Mt. Annual coal production is now estimated at 25 - 26 Mt.
•Guidance for unit operating and distribution costs for the year is unchanged.
saw that this morning- I guess I was wrong about the valuation of $46, lol
WAYNE, N.J. and ORLANDO, Fla., May 27, 2015 /PRNewswire/ -- The Boards of Directors of Valley National Bancorp ("Valley") (VLY) and CNLBancshares, Inc. ("CNLBancshares") (OTC Pink: CNLB) announced today that the companies have entered into a merger agreement whereby the common shareholders of CNLBancshares will receive 0.75 of a share of Valley common stock for each CNLBancshares share they own, subject to adjustment in the event Valley's average stock price falls below $8.80 or rises above $10.13 prior to closing. The transaction is valued at an estimated $207 million, based on Valley's closing stock price on May 22, 2015 (and includes the stock consideration of $16.2 million that will be paid to CNLBancshares stock option holders). We anticipate this transaction will be accretive to Valley's earnings within 12 months from closing.
BP Plc has settled with oilfield services provider Halliburton Co and contract driller Transocean Ltd cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. history.
WAYNE, N.J., May 20, 2015 /PRNewswire/ -- Valley National Bancorp (NYSE:VLY)("Valley"), the holding company for Valley National Bank, announced today that a common stock cash dividend of $0.11 per share will be paid July 1, 2015 to shareholders of record on June 15, 2015. The dividend amount per share was unchanged as compared to the previous quarterly cash dividend. The cash dividend should not be used as an indicator of future dividends to Valley's stockholders.
FYI- US Silica laid off 30 people this week due to lower demand for frac sand
Could China's housing market be bottoming out? The average price of new homes in 70 Chinese cities dropped 0.12% on month in April, although that represented a slowdown from -0.16% in March, the WSJ calculates using official data. "We expect home sales to see year-on-year growth in the second half of the year, and home prices in third- and fourth-tier cities to also bottom out," says Nomura economist Zhao Yang. However, Zhao doesn't expect a quick rebound in property investment, so he's forecasting that "China will miss its 7% target (for 2015)."
BHP Billiton Limited (BHP) -NYSE ?
51.55 Down 0.23(0.44%) May 15, 4:03PM EDT
Pre-Market : 48.73 Down 2.82 (5.47%) 6:25AM
4:35 am BHP Billiton announces the commencement of trading of South 32 (BHP) : BHP spin off South32 announced that it has been admitted to the Official List of the Australian Securities Exchange and that its ordinary shares commenced trading on a deferred settlement basis at 12:00 p.m. today. South32's ordinary shares are expected to commence trading on the ASX on a normal settlement basis. South32 will have a secondary listing on the Johannesburg Stock Exchange
ELP- Companhia Paranaense de Energia (ELP) -NYSE ?
11.56 Up 0.38(3.40%) 10:32AM EDT -
CURITIBA, Brazil, May 15, 2015 /PRNewswire/ -- Companhia Paranaense de Energia - Copel (NYSE: ELPVY, ELP / Latibex: XCOP / BM&FBovespa: CPLE3, CPLE5, CPLE6), a company that generates, transmits, distributes and sells power, announced its results for the first quarter of 2015.
Copel's net income totaled R$470.0 million in 1Q15, 19.4% lower than the R$583.1 million recorded in 1Q14, and EBITDA reached R $ 834.9 million, down 2.8% compared to the same period of 2014. This result reflects the increase in costs with the purchase of energy from the auctions (CCEARs) and Itaipu, partially offset by the upturn in revenue from electricity sales to final customers and distributors and revenue of R$560.9 million related to the balance of sectorial financial assets and liabilities.
XIN- pretty dismal report
Highlights for the First Quarter 2015
•Total first quarter revenues were US$166.7 million, a 54.1% decrease from US$362.9 million recorded in the fourth quarter of 2014 and a 26.4% decrease from US$226.4 million recorded in the first quarter of 2014. Contract sales totaled US$184.9 million, a 54.1% decrease from US$402.6 million recorded in the fourth quarter of 2014 and a 32.5% decrease from US$273.9 million recorded in the first quarter of 2014.
•Total gross floor area ("GFA") sales were 113,100 square meters, a 55.2% decrease from 252,200 square meters sold in the fourth quarter of 2014 and an 11.0% decrease from 127,100 square meters sold in the first quarter of 2014.
•Selling, General, and Administrative ("SG&A") expenses as a percent of total revenue totaled 16.6% compared to 14.6% in the fourth quarter of 2014 and 10.7% in the first quarter of 2014.
•Net income was US$4.5 million, an 81.1% decrease from US$23.8 million in the fourth quarter of 2014 and a 55.4% decrease from US$10.1 million in the first quarter of 2014.
•Diluted net earnings per American Depositary Share ("ADS") attributable to shareholders were US$0.06, compared to diluted net earnings per ADS of US$0.30 in the fourth quarter of 2014 and US$0.12 per ADS in the first quarter of 2014.
Mr. Yong Zhang, Xinyuan's Chairman said, "We experienced a challenging first quarter as demand for our housing units were down due to an overall slower market environment. Average sales prices at the majority of our projects held steady however GFA sales were down impacting overall sales and profit this quarter. The first quarter is traditionally slower and we expect our contract sales and revenue to improve during the course of the year. Our performance for the remainder of the year can also be aided by recent government policies aimed at stabilizing market conditions which include a lowering of the down payment ratio by home buyers. While we believe such policies can improve our sales opportunities, there remains uncertainty in China's real estate market including the timing on when market conditions may recover."
"We continue to invest for our future growth. Our current project portfolio at the end of the first quarter is comprised of 16 development projects totaling 1.98 million square meters. We launched one new project in the first quarter, Shanghai Royal Palace, and plan to launch two projects in the second quarter and four additional projects in the back half of the year. As of March 31, 2015, our total sellable GFA was approximately 3.23 million square meters, representing both active projects and projects in the planning stage," concluded Mr. Zhang.
Thanks- For short term, I believe you are correct. That's one of the concerns I have with the market- people play short term and think they can win the lottery by playing the market. I used to be one of those people, and still have a "trading account" to play the market. It may be an addiction, lol.
Nice volume today on VLY. Looking for it to break the $10 again soon
Think it can fill that gap at $24?
That's what happens when you trust them tea leaves to much
Why only half?
Transocean Ltd. (RIG) -NYSE ?
21.39 Up 1.18(5.84%) 4:00PM EDT