#51
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Re: BFI November [censored] thread
Any ideas on how to invest in the UAE. I have tried googling but didn't come up with much. Preferably an index type fund. Country seems to not get much attention but is growing fast. Any ideas or thoughts?
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#52
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Re: BFI November [censored] thread
This is from the Q3 report for ALDA:
[ QUOTE ] Our selling, general and administrative (SG&A) expense was higher in the current quarter as compared to the comparable quarter of 2006 predominantly due to expenses related to our modified Dutch auction Tender Offer, which closed on September 28, 2007 in which 370,845 shares were tendered," said Mr. Mathewson. [/ QUOTE ] Could someone plz explain wtf this means? thx |
#53
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Re: BFI November [censored] thread
they bought back shares and it was expensive? just a guess, but they should state how much was from that anyways
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#54
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Re: BFI November [censored] thread
hmmm... then there's this part, which has confusd me even more:
[ QUOTE ] In the 2007 third quarter the Company repurchased 12,662 shares of its common stock under the Company's previously announced Stock Repurchase Plan ('Plan'). That Plan was terminated upon the announcement of the Dutch auction Tender Offer on August 20, 2007," Mr. Mathewson said. "Our total balance of cash, cash equivalents and restricted cash at September 30, 2007 remains strong at $17.7 million after paying $2.5 million in dividends, spending $5.1 million on our capital spending program and $486,000 repurchasing 32,661 shares of Aldila common stock during the nine month period ended September 30, 2007. Of this cash balance, $6.2 million was used to settle the Company's Dutch auction Tender Offer during the first week of October. Although our inventories have risen to $16.1 million at the end of the 2007 third quarter, we fully expect them to be reduced by year end," said Mr. Mathewson. [/ QUOTE ] |
#55
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Re: BFI November [censored] thread
What is confusing about it?
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#56
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Re: BFI November [censored] thread
It's the phrase "Dutch Auction Tender Offer" that I don't understand.
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#57
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Re: BFI November [censored] thread
Rather than offering a certain dollar amount for shares for a buyback, the firm is going to start the bidding off high and slowly decrease the dollar amount until they are done buying. Maybe they have a certain dollar amount they want to spend or maybe it's a certain number of shares they want to buy back.
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#58
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Re: BFI November [censored] thread
are there any CFA's out there that could answer a few questions for me about the certification and stuff?
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#59
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Re: BFI November [censored] thread
is RIMM a good buy at 101.5
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#60
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Re: BFI November [censored] thread
[ QUOTE ]
is RIMM a good buy at 101.5 [/ QUOTE ] Yes, unless it goes lower. [img]/images/graemlins/smile.gif[/img] Ok that was my one liner, I like the Dec 106.63 calls (RULLA). Jimbo |
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