Zeev's Turnips Patch-No Politics (ZEEV)

[WinLoseOrDraw]

re:ILA

i'm certainly no Zeev, but what the heck, if i say something stupid i'll stand corrected and learn something. -g-

your broker may be so hot on you to buy this thing because this company seems to issue an endless stream of stock: four quarters shows $600M in preferreds and $600M in warrants. if they're lipsticking-up all that stock you might be better off buying shares of Maybelline

EDIT: if they're paying 0.70 share in dividends, that is more than their operating income. it sounds like they're selling stock to pay a dividend to existing stockholders. ponzi-like?

EDIT EDIT: they're on the SEC list of companies required to sign the magic document. and they're under justice department investigation for enron-style trades.