brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
Dividends Paid (107,413) (98,569) (87,452) (82,851)
Sale/Purchase of Stock 136,795 106,258 60,790 44,199
It appears from the quarterly dividends above that CSE is financing it's dividend through the issuance of stock.
And I do not know of all their loans but any businsess that more than triples it's balance on loans in 2 years can't be using a real high level of control on their loans. Additonally it appears to me CSE loves condos, office buildings and hotels.
Long Term Investments 14,304,542 6,269,167 4,184,425
Retained Earnings (56,067) (17,444) 18,460 26,406
Capital Surplus 2,302,393 2,139,421 2,024,761 1,950,721
And this quarterly look at retained earnings looks mighty suspicious to me, although I do not understand accounting practice for banks. But 400 million in cash provided in one year by stock sold in excess of par may not be the EASIEST financing to maintain with a dropping stock price.
Difference of opinion is what makes a market.
Analyzing finance cos and institutions is not like looking at industrials.