They now have "pods" for people like the young Percy https://www.bing.com/images/search?v...x=0&ajaxhist=0
They now have "pods" for people like the young Percy https://www.bing.com/images/search?v...x=0&ajaxhist=0
TRA trading ex divie today.
Pity only 764,068 shares have been brought back,saving just $30,562.72 in dividend payment, for those shares which have now been cancelled.
When is a dividend not really a dividend ? When the SP declines by the dividend amount as expected and now offered at $2.36 which will be a multi year new low when shares start changing hands. Good the company is buying some back and saving some shareholders from losing more capital.
Mmh - isn't it quite normal and to be expected for any share that the shareprice initially drops for the amount of the dividend when it goes Ex-dividend? Sure, there are some stocks who recover faster than others, but given that TRA just went Ex I am not quite sure how you can know which one it will be for TRA?
Is there a particular reason you expect TRA buyers and sellers not to consider that the share just went Ex dividend or did you just look for another reason to beat up TRA?
Lets see how the business and share price develops over the coming months and years - shall we?
FNZC better put a bid on on behalf of TRA as there are currently no bidders.Lol
And no buyers at all !
LOL Beagle went sniffing at the PE's of Ford, GM, Fiat Chrysler, Honda, Toyota and BMW, all trading in single digit PE's, and is pondering what smell's so badly "off" about future vehicle demand and why ? Its very hard to figure as some of these companies are flat out working on electric vehicles so why the super low price multiples and what are the implications for the PE's of Colonial Motors and Turners ?
It is true - car manufacturers command at the moment quite undemanding PE's. I follow more some European car manufacturers and the SP of e.g. Volkswagen, BMW, Daimler are roughly at 60% of a 2015 peak - despite all of them still increasing their EPS.
Not sure however whether the share price slump (most of the damage was done in 2016 and some recovery since than) has much to do with markets being afraid of technological changes - it was more due to the outfall of the diesel emmission scandals.
Markets are afraid that there are still hidden / unknown costs which the manufacturers have to pay for - this is the reason the PE's are that low. I don't see though how this would be a problem for a used car dealer and insurer / finance company like TRA (vs car manufacturers)?
It is like saying because FBU might have still a lot of hidden skeletons in their closets (they probably do) we expect that real estate agencies will underperform. People will need to buy houses no matter whether FBU has home made - and they will need to buy cars, even if the car industry still suffers from the outflow of the largest emission cheating scandal of all times
Always something for an Auto manufacturer to settle,or recall..
It's the nature of the beast.