TNS ex-dividend on 4/13 (25%, special)
TNS, a secure financial data transmission service company, will pay a special dividend of $4.00 on April 12 to holders as of Friday, April 13. That’s 24.7% of the share price of $16.22. The dividend results from a $240 million recapitalization of its balance sheet. You may want to focus on the cool down though: TNS stated that its would provide revised outlook for 2007 considering increased interest expense it will incur as a result of this transaction.
April 8th, 2007 at 8:25 am
I am thinking of buying an Oct 07 call to take advantage of this one.
April 10th, 2007 at 9:53 pm
Watch out for the revised negative outlook following the balance sheet restructuring…
April 11th, 2007 at 10:18 am
As Cramer would say: “Don’t Buy!” “Don’t Buy!”
May 11th, 2007 at 7:54 am
TNS has taken an absolute pasting since its earnings outlook. Though it’s slowly starting to creep back up.
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