posted by Yahoo! News Search Results for dividends on Feb 27
Jamie Dimon, chief executive officer of JPMorgan Chase, said he felt "terrible" about having to virtually eliminate the bank's dividend this week. But investors in Chase and other companies may feel even worse as the record pace of dividend cuts accelerates across the corporate landscape.Archive for February, 2009
posted by Yahoo! News Search Results for dividends on Feb 27
RIO DE JANEIRO -- When Deutsche Bank determined that strategist Rod Manalo was, in the merciless language of hard times, "redundant," it was an abrupt and humbling end to a seven-year career in finance.posted by Yahoo! News Search Results for dividends on Feb 26
WASHINGTON, Feb 26 (Reuters) - Even the healthiest U.S. banks should consider temporarily suspending or cutting dividends during the credit crisis to preserve capital, the head of the Federal Deposit Insurance Corp said on Thursday. FDIC Chairman Sheila Bair said it was unfortunate that some banks paid dividends in 2008 despite being unprofitable. At a news conference to release bank industry ...posted by Yahoo! News Search Results for dividends on Feb 26
FORBES grades REITs on performance (based on growth rates of earnings and assets as well as current dividend yields) and value (based on net asset values and discounted present value of coming dividends).posted by Yahoo! News Search Results for dividends on Feb 26
WASHINGTON, Feb 26 (Reuters) - Even the healthiest U.S. banks should consider temporarily suspending or cutting dividends during the credit crisis to preserve capital, the head of the Federal Deposit Insurance Corp said on Thursday. FDIC Chairman Sheila Bair said it was unfortunate that some banks paid dividends in 2008 despite being unprofitable. At a news conference to release bank industry ...posted by Yahoo! News Search Results for dividends on Feb 26
Income investors, already hit by a rush to cut dividends, suffered further distress today as the recession forced several businesses to either axe or dramatically reduce payouts.posted by Yahoo! News Search Results for dividends on Feb 26
Q. Please advise me if my reinvested stock dividends become part of the cost basis when I sell the stock. Yes, reinvested stock dividends are included when you calculate the cost basis of the stock. The shares earned as dividends reduce the basis in the stock.posted by Chris Kaufman on Feb 26
General Motors said it expects auditors to cast doubt on its ability to remain viable as it endures the worst market in decades. Posting a deeper-than-expected quarterly loss as revenue plunged by more than a third, the automaker said it could receive a “going concern” notice from its auditors.
It will be interesting to see how the auditors, in assessing GM’s viability, value the billions of dollars of government bailout injections. The automaker has asked for up to $30 billion in aid and says it can’t survive without it.
GM argues it is turning the corner on production efficiency, design and quality, but that may be an even harder computation for auditors to crunch than state support.
This morning GM posted a net loss of $30.9 billion for 2008. That would be a record for the 100-year-old company, except it lost $38.7 billion in 2007. Analysts have said the key to valuing GM shares and debt is the progress the company is making in talks with creditors and the autos task force assembled by President Barack Obama to slash debt and secure new funding.
The question of whether GM is a going concern — is that a foregone conclusion?
Deals of the Day:
* Britain’s BG has acquired a 29 percent stake in Australian coal seam gas producer Pure Energy Resources Ltd, Pure said in a statement.
* Children’s television producer Entertainment Rights Plc said it was in advanced talks with bidders for the sale of its units or business and assets.
* Australia’s Babcock & Brown Infrastructure said that it expected to settle the sale of its stake in New Zealand’s Powerco by the end of the day.
* Officials from Indian gas firm GAIL (India) and Oil and Natural Gas Corp will meet on Thursday to discuss a 19 percent stake in ONGC’s planned petrochemical plant, GAIL’s chief said. “We are meeting with ONGC in the evening,” Chairman U.D. Choubey told reporters.
posted by Laurence Fletcher on Feb 26
Most hedge funds agree that the credit crisis has thrown up some interesting assets at bargain-basement prices, particularly in credit markets.
The problem? When you have to report net asset value performance to jittery investors and prices of these cheap assets are getting even cheaper, when do you buy?
That's the dilemma facing many fund managers, some of whom have got burned by snapping up asset-backed securities and other assets too quickly.
After all, a security that has fallen 90 percent is one that has dropped 80 percent and then halved.
Chris Woods, chief investment officer at Man Global Strategies, speaking at Wednesday's Euromoney bond conference in Westminster, helps us out.
"Just as 50 is the new par, so early is the new wrong," he says.
As investors have found, it may be cheap, but it could get a lot cheaper.
posted by Laurence Fletcher on Feb 26
Most hedge funds agree that the credit crisis has thrown up some interesting assets at bargain-basement prices, particularly in credit markets.
The problem? When you have to report net asset value performance to jittery investors and prices of these cheap assets are getting even cheaper, when do you buy?
That's the dilemma facing many fund managers, some of whom have got burned by snapping up asset-backed securities and other assets too quickly.
After all, a security that has fallen 90 percent is one that has dropped 80 percent and then halved.
Chris Woods, chief investment officer at Man Global Strategies, speaking at Wednesday's Euromoney bond conference in Westminster, helps us out.
"Just as 50 is the new par, so early is the new wrong," he says.
As investors have found, it may be cheap, but it could get a lot cheaper.
