“Real estate is an imperishable asset ever increasing in value. It is the most solid security that human ingenuity has devised.” — Russell Sage
Walt Disney (1901-66), the singular visionary genius who — more than anyone — transformed the business of entertainment in the 20th century, had legions of admirers over the decades. Among them is Steve Wynn, founder,....More>>>
Unlike ConocoPhillips (COP), Hess’s (HES) dividend wasn’t big enough to move the needle if cut. So it’s selling stock instead:
Hess has priced the concurrent offering of ~28.8mm shares of common stock and ~11.5mm depositary shares, assuming the over-allotment options are exercised. The depositary shares represent a 1/20th interest in each share of Hess....More>>>
A week ago, the census bureau reported that February retail sales were flat (+0.1%) compared to January, ostensibly as households slowed down their purchases as they awaited tax refunds that were slow to go out.
Despite this, there’s reason for optimism – retail sales were up 3.7% in the first two months of....More>>>
Wednesday was an up-and-down day for the stock market, which lost substantial ground early in the day only to climb back toward the unchanged mark by the end of the session. A slight rise for the Dow Jones Industrials led to yet another record-high close, and although other major market benchmarks weren’t quite as lofty, they nevertheless finished with only modest losses on the day. Generally....More>>>
Please follow this link to read my previous articles about Frontier Communications.
Frontier Communications (NYSE:FTR) continues to face negative pressure as the company tries to improve its balance sheet. Since I last penned an article about the company, it has faced downgrades from Moody’s and Fitch Ratings. Both these agencies have downgraded Frontier’s debt to B2 levels. Moody’s....More>>>
Microsoft Corp. (NASDAQ: MSFT) reported fiscal first-quarter financial results after markets closed on Thursday. The company posted $0.76 in earnings per share (EPS) and $22.3 billion in revenue. There were consensus estimates from Thomson Reuters that called for $0.68 in EPS on $21.71 billion in revenue. The same period from last year had $0.67 in EPS on $21.66 billion in revenue.
CA Inc (NASDAQ:CA) files its latest 10-K with SEC for the fiscal year ended on March 31, 2017. CA Inc is a provider of enterprise information technology software and solution. It develops and delivers software and services that help organizations manage and secure their IT infrastructures and deliver more flexible IT services. CA Inc has a market cap of $13.21 billion; its shares were traded at....More>>>
Ford (NYSE:F) CEO Mark Fields presented yesterday evening at the Deutsche Bank Auto Conferece. Inline with his presentation, the company announced a special dividend of five cents per share and it gave outlook for 2017, a year that the company expects to fall short of 2016, mostly due to spending and investment. What the company is less reluctant to say that we have commented....More>>>
New York, NY, based Investment company Saba Capital Management, L.P. buys Allergan PLC, Alpine Total Dynamic Dividend Fund, , First Trust Highome Long/Short Fund, Clough Global Equity Fund, Clough Global Dividend andome Fund, Clough Global Opportunities Fund, Community Health Systems, Delaware Enhanced Global Dividend of Beneficial In, Valeant Pharmaceuticals International, sells Blackrock Debt....More>>>
While most income investors are reaching for big yields right now, a small group of “hidden yield” stocks are quietly handing smart investors growing income streams plus annual returns of 12%, 27.1% and even 54% or more per year.
Why wouldn’t U.S. stocks rally, surging to the biggest weekly gain in a year, amid earnings euphoria like this? With no hint of fatigue, the S&P 500 Index spent the holiday-shortened week rolling past 2,700, while the Dow Jones Industria