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re: CBI stock

Posted on 8/10/17 at 1:11 pm to
Posted by Brummy
Central, LA
Member since Oct 2009
4513 posts
Posted on 8/10/17 at 1:11 pm to
Yeah, I almost bumped this yesterday. It is really tanking now - $450M loss for Q2 and suspended their dividend. Down from 16.33 to 11.25 since close yesterday. Hope OP got out in time.
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1818 posts
Posted on 8/11/17 at 6:45 am to
quote:

Yeah, I almost bumped this yesterday. It is really tanking now - $450M loss for Q2 and suspended their dividend. Down from 16.33 to 11.25 since close yesterday. Hope OP got out in time.

They closed the sell of capital services for about 700 million. With out that income the Q2 loss reported would have been over a billion.
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