Cincinnati Bell, Inc.
Hardly a week goes by these days without a company going public with a decent yield. A couple of weeks ago CyrusOne (NASDAQ: CONE) joined the party with a highly successful IPO pricing above the expected range and trading higher for the week. The REIT though has a meager expected dividend yield of only 2.9%.
Normally, hedge fund long positions are disclosed in 13F filings that come about six weeks after the end of the quarter. There’s an exception, however: when a hedge fund owns over 5% of the outstanding shares of a stock (or if it changes its position after reaching that threshold) it must disclose its activity fairly quickly. As a result, investors have a chance to see a fairly fresh purchase more »
According to a filing with the SEC, Marcato Capital Management has acquired 14.2 million shares of Cincinnati Bell (NYSE: CBB) as of Oct. 25, which gives the fund 7.2% of the total shares outstanding. Cincinnati Bell is a $1.1 billion market cap company which provides wireline and wireless services and also operates a data center segment. Marcato is managed by Richard McGuire, who had previously worked at more »
When it comes to retirement and stock market investing, most people that I know pick a plan from their employer’s 401K program, get automatic deductions from their paycheck, and don’t really think about it anymore. At the same time, many of these same people actively participate in buying lottery tickets; some even spend a lot of time choosing their “winning numbers.”
The reason I bring this up is more »