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




Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,197.47 1,087.24 2,149.02 34.46
Oil *
76.15
DOWN
93.79
DOWN
11.27
DOWN
17.88
DOWN
0.28
10 Yr
3.45%
SPDR Gold
108.21
-0.91%
-1.03%
-0.83%
-0.81%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services