Post by
MaterialsMan on Jun 07, 2024 12:02am
Dead in the water
I never thought that Consolidated would get a dime out of the Mexican deal gone bad.
Maybe there is such a thing as just compensation.
Whatever the case, 35 million to a company of this size is a pretty good chunk of change.
Very surprised that its not being reflected in the SP.
The settlement may take place in June. Pehaps even in time for the 2nd quarter results.
Not sure how this will be applied to the earnings statement.
Maybe a special dividend will be in order. A big one.
Comment by
MaterialsMan on Aug 16, 2024 4:36am
Feeling a little confused. The settlement was for 35 million. Twelve is accounted for in the quarterly results. What happened to the rest? That's around two bucks a shares. Anybody reading this have a clue?