posted
So if I get in on this SCS, should I not post about it ? I don't want to bring my bad luck onto you guys. Posts: 681 | Registered: Feb 2008
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Plus, we get a .15 dividend if we hold on til next week
quote:
Press Release Source: Steelcase Inc.
Steelcase Declares Quarterly Dividend Wednesday April 2, 10:13 am ET
GRAND RAPIDS, Mich., April 2, 2008 /PRNewswire-FirstCall/ -- The Board of Directors of Steelcase Inc. (NYSE: SCS - News) today declared a quarterly cash dividend of $0.15 per share to be paid on or before April 28, 2008, to shareholders of record as of April 14, 2008.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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S&P cuts US mortgage insurers, housing outlook dims 7:26 p.m. 04/08/2008 Provided by
NEW YORK, April 8 (Reuters) - Standard & Poor's Ratings Services on Tuesday downgraded four U.S. mortgage insurers, including MGIC Investment Corp's (MTG) arm, citing a worse-than-expected housing slump.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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Standard & Poor's Ratings Services' decision to slash credit ratings on four mortgage insurers is not surprising and will not likely affect their ability to write additional business, a Friedman, Billings, Ramsey & Co. analyst said Wednesday.
. . .
We expect the stocks may be weak on the headline," Stelmach said. "However, the longer-term impact on fundamentals is not likely to be material, as long as the mortgage industry needs the mortgage insurance capacity."
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
haha. I suck so bad at figuring out what the market will do with news. That's why I love my program, i just follow it blindly and never try to figure anythign like taht out! Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
That bounce in the morning on MTG was just the "jo effect" taking place, because I got stopped out at $11.45 right at the open. So even though I didn't get the extra spike, I still broke even and at least I'm not holding it now that it is down in the low 11's. Today was the "5 days" for me anyhow.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
I'm very happy for you, and I'm sure you put 100% of your account into this stock and haven' taken any profit yet... Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
the total dollar amount in the beginning of the day is only $48,168. what kind of company can run for only $48,168? there isn't even any market cap -_-
Posts: 19 | From: los angeles | Registered: Apr 2008
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PC, question, SCS opened at 11.11 but the indicator says its up 10 cents, why is that? doesn't really make sense...
Posts: 19 | From: los angeles | Registered: Apr 2008
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quote:Originally posted by PCola77: I'm very happy for you, and I'm sure you put 100% of your account into this stock and haven' taken any profit yet...
NEVER SAID I DID, THEY NEVER COULD HAVE FILLED THAT ORDER,LOL
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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This is the weekly highlight of top insider buys: Steelcase Inc., Morgan Stanley, Apollo Group Inc., PHILIP MORRIS INTERNATIONAL INC, H.B. Fuller Company
Steelcase Inc. (SCS): Director P. Craig Welch Jr. Bought 50,000 Shares Office furniture manufacturer Steelcase, Inc. (SCS) set their quarterly cash dividend at $0.15 per share. The company plans to cut 200 to 250 high-paying jobs. Steelcase’s fourth quarter earnings totaled $30.6 million or $0.22 compared to $29.3 million or $0.20 in 2006. For 2007, revenue increased to $3.42 billion from $3.1 billion on strong international demand. The company earned a total of $133.2 million or $0.93 per share compared with $106.9 million or $0.71 per share for 2006.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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posted
Out of SCS at 10.65 for just over a 6% loss. Although there was a .15 dividend, so really it's just under a 5% loss.
Last couple have not gone as well, but I'm comfortable that it will turn around soon.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
PCola77- I was in at $11.15 and out at $10.80. Thought I would share the information now that you are out of it. Sorry if my buying brought bad luck upon you for this one.
Posts: 681 | Registered: Feb 2008
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