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1 for 3 reverse stock split effective today.
Preferred are all green on my screen. I still do not understand those who see the game as pfds vs commons. The game is pfds plus commons vs FHFA and Treasury.
Stock is up 50% in a month and the momo folks put it on their buy list.
The "big guys" are running index funds which indiscriminately buy everything the market offers them.
My guess is that their computer program was never updated and is pricing this at "book" value.
Why would a distribution not be treated as a return of capital, lowering my cost basis, but not taxable income?
bvps = book value per share
Joseph Wasake
What about the value of NOLs?
I don't understand why so many posters view this as a battle between preferred and common shareholders. We are all in the same boat. The battle is between us and the thieves at Treasury and FHFA who are stealing our assets.
Put in a limit order to sell your shares at a high price ($5 or $10, etc). They can't lend your shares then.
That is called a cram down. Making an offer you can't refuse.
Live but not active.
MIA Unlike poker, the stock market is NOT a zero sum game because companies sometimes earn a profit and sometimes pay dividends or do stock buybacks.
lbhict34566investorsunited@gmail.com
Yes, I got the same letters. They are just covering their legal liability ass due to a lack of earlier disclosure of call options.
Warrants are like call options. They give you the right to buy shares of common stick at a stated strike price. If the stock trades above the strike price, the warrants are "in the money" and when price is below strike they are out of the money. If the warrants are out of the money at expiration date they are worthless.
quantumonline.com
CHKAQ, the common, closed at $4.89
CHKLQ,a 4.5% $100 par cumulative preferred stock closed at 32 cents.
What am I missing here?
Looks like your CapsLock key is stuck again. You really should get that fixed.
FnF do NOT own many mortgages. They package and sell mortgages in the form of mortgage backed securities owned by institutional investors like pension funds. They guarantee timely payment of principal and interest on those mortgage backed securities. Thus they function basically as an insurance company, not a portfolio investor.
The twelve district Federal Reserve Banks are owned by their member banks within those districts. Banks buy shares in the FRBs in proportion to their size. No individuals or wealthy families directly own stock in the FRBs, though some may indirectly, through ownership of stock in member banks.
Is there a new ticker symbol for KTP ?
I thought Al Gore said he invented the internet.
There are twelve regional Federal Reserve Banks.
There is one Board of Governors of the Federal Reserve Banks based in Washington DC.
Any commercial bank can create money (defined as currency plus demand deposit balances). This happens when a bank makes a loan and credits the loan proceeds to the borrowers checking account.
Those bots sure can write!
I am confused by the emphasis some here place on what they think of as buys and sells.
There are two ways to buy. You can put in a bid, and hope it gets hit, or you can lift the offered side of the market.
Likewise there are two ways to sell. You can hit the bid, or you can make an offer and hope it gets lifted.
There is no way to say that a particular transaction is either a buy or a sell. It is of course both. Someone is buying and someone is selling.
I put in a bid to buy 10,0000 shares yesterday and it took about an hour to fill, 100 shares at a time.
Price will only print for round lots of 100 shares or more.
quantumonline.com
Enter ticker and you get link to prospectus.
People are confusing FHA (Federal Housing Administration),which is a part of HUD, with FHFA which is an independent regulatory agency.
I have have bought and hold CTs at TD Ameritrade.
Before the Treasury began issuing STRIPS directly, several wall street shops created 'private label' strips. Lehman had Lyons, Merrill had Tigers, and Salomon had cats. They deposited conventional Treasury notes/bonds into a Trust and then separated and sold claims to every future cash flow
Thanks for the informative update.
According to the offering documents, selling new shares at $2.55 will cause book value per share to be diluted down to $3.24 after the recapitalization. Stock seems cheap to me at 2.55 or less, considering insiders are buying a lot of new shares at the 2.55 price.
I decided to doubling down on this one and hold about 100K shares now.
Can anyone explain how according to their quarterly report on 9/30 book value per share was $.40 while tangible book value was $.90 ?
I took the offer at .42
Mbank. (Oregon)
I am a Mariano's shopper and a RNDY shareholder. I think they can turn it around.
They paid their last dividend in November 2013. I know Yahoo Finance still is showing 48 cent dividend but that is wrong.