hweb: SSPY's turnaround was impressive, but I think the contribution to MSN's quarterly earnings will only be about .02. As I calculate it, MSN has a 50% ownership interest in SSPY, hence will derive about 750k of income from the subsidiary. After taxes, that's roughly 450k divided by 27M shares or .017 per share.
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.