Financial Advisor Update

Dividend.com: RIM in Reverse

Stock quotes in this article: RIMM , CEG , FCX , BBBY , AAPL  

The warning should not be a surprise to investors as the stock is down from June highs of $145 a share to the recent mid-$30 price range. Wall Street has certainly been expecting the bad news, so a bounce in the shares may be likely. We would look to Apple(AAPL Quote) as a better tech tell for investors looking for tech exposure in their portfolio.

Research In Motion does not currently pay a dividend.

EDF Tries Last-Minute Bid for Part of Constellation Energy

Electricite de France, Constellation's biggest shareholder, offered $4.5 billion for just half of Constellation Energy's nuclear business Wednesday.

EDF, which owns 9.5% of Constellation(CEG Quote), said the offer values the company at around $52 per share and that the price represents a 96% premium to the rival offer for all of Constellation. Buffett's MidAmerican Energy Holdings offer values the company at around $26.50 per share.

The whole Constellation deal seems to get more bizarre as time rolls on. EDF withdrew its own bid of $35 per share in October for all of Constellation. Now the company is trying to come back and make a last minute play for the nuclear assets. The market's early reaction seems muted, so the chance for a deal may seem unlikely. We would avoid the shares at this point, and look elsewhere for better opportunities.

Constellation Energy is not recommended at this time, holding a Dividend.com Rating of 2.7 out of 5 stars.

Freeport-McMoRan Stuns Wall Street By Suspending Dividend

Freeport-McMoRan(FCX Quote) announced on Wednesday that it is suspending its dividend and cutting production as well.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,328.89 1,102.47 2,211.69 35.46
Oil *
73.88
UP
20.63
UP
6.40
UP
31.64
UP
0.59
10 Yr
3.55%
SPDR Gold
108.95
+0.20%
+0.58%
+1.45%
+1.69%
Data delayed 20 minutes

More From TheStreet

Latest Headlines

Brokerage Partners

TheStreet Premium Services

All Services