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Thanks Raw. OT: BZH getting whacked today.
Isn't it true they didn't race alot last year except or the 4th Q?
Raw:
When I divide the income by diluted shares I get a different number--where am I going wrong??? Disclosure:
I am still holding shares here.
Looks like the earned .0047 for '06. I believe there were limited events last year as well.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001014897-07-000061&Type=HTML
Raw: You still in the BZH puts?
Americands:
I wish you and the share price well (I hold also). Friendly advice, instead of constant negativity use your bravado to learn more about your investments. Tubber
Well we agree on something. With your attitude you soon will be parted from your money.
Why don't you call back the company Mr. 3.8 million shares?
Got some puts--BZH is holding up pretty well, but so did NEW the first few days!
Raw: Which ones--April or May?
FTAR:
Interesting read:
http://seekingalpha.com/article/9356
KIK:
What do they mean when they say "subject to withholding"?
Basher.
KIK:
Is this a dividend or distribution? Anybody know the tax treatment and what these PR means by "withholding"?
FTAR to pay $5/share special dividend...
Selling at $8.30, $2.16 EPS for '06, $6.28/share book value.
(BSNS WIRE) Footstar Declares Special Distribution
Footstar Declares Special Distribution
Business Editors
MAHWAH, N.J.--(BUSINESS WIRE)----
Footstar, Inc. today announced that its Board of Directors has
declared a special cash distribution to shareholders in the amount of
$5.00 per common share. The distribution will be paid on April 30,
2007 to shareholders of record at the close of business on April 13,
2007.
Shareholders will receive further information for tax reporting
purposes on Form 1099 after the end of the year. While the Company is
reviewing the tax characterization of this distribution, it currently
contemplates treating this distribution as a return of capital, but
due to the uncertainty of this characterization, subject to
withholding. Each shareholder should seek advice from their own tax
advisors regarding the tax treatment of this distribution.
About Footstar, Inc.
Footstar, Inc. (Pink Sheets: FTAR) is a discount footwear
retailer. The Company operates Meldisco licensed footwear departments
nationwide in Kmart and Rite Aid Stores. The Company also distributes
its own Thom McAn brand of quality leather footwear.
NOTE: Footstar's certificate of incorporation contains
restrictions that prohibit parties from acquiring 4.75% or more of
Footstar's common stock without its prior consent and as further
provided therein.
Forward-Looking Statements
This release contains forward-looking statements made in reliance
upon the safe harbor provisions of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements may be identified by the use of
words such as "anticipate," "estimates," "should," "expect,"
"guidance," "project," "intend," "plan," "believe" and other words and
terms of similar meaning, in connection with any discussion of our
financial statements, business, results of operations, liquidity and
future operating or financial performance.
Because the information in this release is based solely on data
currently available, it is subject to change and should not be viewed
as providing any assurance regarding our future performance. Actual
results and performance may differ from our current projections,
estimates and expectations and the differences may be material,
individually or in the aggregate, to our business, financial
condition, results of operations, liquidity or prospects.
Additionally, we do not plan to update any of our forward looking
statements based on changes in assumptions, changes in results or
other events subsequent to the date of this release, other than as
included in our future required SEC filings.
KEYWORD: NORTH AMERICA NEW JERSEY UNITED STATES
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE RETAIL SPECIALTY DIVIDEN
SOURCE: Footstar, Inc.
CONTACT INFORMATION:
Media:
Kekst and Company
Wendi Kopsick or Kimberly Kriger, 212-521-4800
or
Investors:
Michael Lynch, 201-934-2577
Chief Financial Officer
Cliffvb: Re: FTAR
Please check out:
http://www.investorshub.com/boards/replies.asp?msg=18006788
FTAR to pay $5/share special dividend...
Selling at $8.30, $2.16 EPS for '06, $6.28/share book value.
(BSNS WIRE) Footstar Declares Special Distribution
Footstar Declares Special Distribution
Business Editors
MAHWAH, N.J.--(BUSINESS WIRE)----
Footstar, Inc. today announced that its Board of Directors has
declared a special cash distribution to shareholders in the amount of
$5.00 per common share. The distribution will be paid on April 30,
2007 to shareholders of record at the close of business on April 13,
2007.
Shareholders will receive further information for tax reporting
purposes on Form 1099 after the end of the year. While the Company is
reviewing the tax characterization of this distribution, it currently
contemplates treating this distribution as a return of capital, but
due to the uncertainty of this characterization, subject to
withholding. Each shareholder should seek advice from their own tax
advisors regarding the tax treatment of this distribution.
About Footstar, Inc.
Footstar, Inc. (Pink Sheets: FTAR) is a discount footwear
retailer. The Company operates Meldisco licensed footwear departments
nationwide in Kmart and Rite Aid Stores. The Company also distributes
its own Thom McAn brand of quality leather footwear.
NOTE: Footstar's certificate of incorporation contains
restrictions that prohibit parties from acquiring 4.75% or more of
Footstar's common stock without its prior consent and as further
provided therein.
Forward-Looking Statements
This release contains forward-looking statements made in reliance
upon the safe harbor provisions of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements may be identified by the use of
words such as "anticipate," "estimates," "should," "expect,"
"guidance," "project," "intend," "plan," "believe" and other words and
terms of similar meaning, in connection with any discussion of our
financial statements, business, results of operations, liquidity and
future operating or financial performance.
Because the information in this release is based solely on data
currently available, it is subject to change and should not be viewed
as providing any assurance regarding our future performance. Actual
results and performance may differ from our current projections,
estimates and expectations and the differences may be material,
individually or in the aggregate, to our business, financial
condition, results of operations, liquidity or prospects.
Additionally, we do not plan to update any of our forward looking
statements based on changes in assumptions, changes in results or
other events subsequent to the date of this release, other than as
included in our future required SEC filings.
KEYWORD: NORTH AMERICA NEW JERSEY UNITED STATES
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE RETAIL SPECIALTY DIVIDEN
SOURCE: Footstar, Inc.
CONTACT INFORMATION:
Media:
Kekst and Company
Wendi Kopsick or Kimberly Kriger, 212-521-4800
or
Investors:
Michael Lynch, 201-934-2577
Chief Financial Officer
KIK: FTAR
FTAR just released financials. EPS of $2.16, $4.84 cash per share, $6.28 book value/share and now a special dividend of $5/share all for the price of $8.30! That is buying $1 for .25. I must be missing something here!
Curtbs:
It is good that he is here. A paid basher doesn't waste time on stocks that do not move. I just ignore him cause his agenda is not that of a normal long. FWIW
10-K out in 10 days :^)
RBL100:
Scottrade told me that the BRXVF# shares will transfer to ZABRF shares 50:1 on Monday, March 26th. FWIW. Tubber.
I won't trade my ZABRF until it hits $1.00 :^)
Agreed there must be something behind it. I know Amazon lists stuff with third parties and everyone gets paid when the items are sold no minimum charge. Do not know how iTunes or Netflix works, but both have large selection geared toward the long tail. To me, makes no sense for Lionsgate to not give them all titles as they stand to make more money, especially on the more off beat titles.
Bobwins:
I don't understand what you mean by costs. Are you referring to the costs of loading the 10,000 titles? Or the license fee to Lionsgate. Wouldn't the license fee apply only if it is ordered? It would seem to me that it is better to put all the titles on so as to take advantage of the long tail, niche viewer. This would generate greater volume. I had one other question: Isn't Apple coming out with iTV wherein you can plug your computer into a box that is plugged into your TV and order pay per view? Seems like it could be a good potential opportunity.
Jim:
Guess that means can't trade it for a while. I think I'll give em a call--I'll report back for the benefit of anyone using Scottrade.
rbl100: Thats the same entry I have: BRXVF#. Will let you know if I find anything out.
Scottrade still showing that I own the BRXVF shares--anyone having a problem with showing the conversion? TIA.
Lowman: In the scheme of things 330 million is not so bad for a subpenny stock. I personally am going to wait as it appears someone was dumping shares and that will eventually end. I would appreciate it if you could let us know if Rees ever gets a hold of you. I would call, but would prefer he deal with you as you are experienced with talking to CEOs and have a good feel about what they say. In addition, you are in pretty much the same boat as I am (.0085 avg and like me figh'tn mad!). Thanks again for all your contributions to this board and other boards, you've helped me become a better investor. Tubber.
According to this site this is where a gas station exists (for Silverado and Foxhead)?
http://www.enersection.com/OK/3398-Tulsa-gas.jsp
Lowman:
You are doing everyone here a service as usual. Please keep trying to get a hold of Rees. I'm averaged in at .0085 so I am in the same boat as you! Tomorrow's another day--Rees cannot avoid you/us forever. GLTYA
Dane: Even with your average down your down 30%--must be nice not to worry.
Thanks Jim.
Will there be a new trading symbol? Why do you think it will do better--no financials for '06.
Not worried, just would like some clarification on share structure following up on Lowman's post. I bought in higher (like Lowman)and would like to hear what Rees has to say. Apparently you (like everyone other shareholder) also like to speculate on the causes of the recent gyrations in the share price.
http://www.investorshub.com/boards/read_msg.asp?message_id=17835355
Since he promised Lowman the info, I will leave it to him to find out. Unless you want 20 people pestering him? Maybe you can call then genius.
He'll call you back--he did before. My goal is to make YOU a pest to Rees--at least initially so he will call when he says he will! :^)
Lowman: Hate to be a pest, but when can you call Rees? Thanks.
Calm before the storm. UWNK was one of the most boring stocks (stayed in the high .20s low .30s) for months on end. It then ran up to over $2.00s after a PR campaign (and it doesn't have positive earnings yet!). Patience--April 2nd is around the corner.
http://www.investorshub.com/boards/read_msg.asp?message_id=11453479
Then what the hell are you talking about owning a telemarketing company. You are wacko jack.
Lowman: Fair enough--lawyers are usually very busy. Let us know if you get him tomorrow. Thanks for all your efforts.