RE:RE:RE:RE:Wynner the Winner of WFCThat's all well and good.
They didn't generate $97mm in surplus capital during COVID.
They borrowed the money to paid a dividend.
Now what's the interest cost on $97mm at 6% rates?
Only about $5.8mm/yr interest expense to pay out money they didn't have.
Smells funny. I don't like it.
You also didn't explain why Mr Bruno got 400k $10 shares when the market price was $16.
Why is that? Did they serve a giant cake the BOD jumped out of at the AGM?
Maybe......................................... suspicious stuff IMO
And I could be all wrong, but so far the numbers and price action say I'm on the right track here.
Detective work for just $25/hr. I'll send you my business card.
wynner wrote: They didn't pay a dividend for 4 years because of COVID. 2019 they paid $2. Not many years when they skipped. Sometimes they pay two dividends. Since 1969. I was just a boomer.
From 30cents to $3 . Less and less shares outstanding.
2024 is going to be their better year . imo.
This is in my top 3 stock ideas.