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Tenneco Inc. (TEN)
NYSE - Nasdaq Real Time Price. Currency in USD
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As of 3:53PM EDT. Market open.
577 reactions on $TEN conversation
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Can anyone tell me what happened to the DRiV stock distribution? Wasn't Tenneco share owners suppose to get shares of DRiV?
Amazing to me that we can still post comments on the financial side of yahoo but are still not able to post comments on the news side. I bet this all changes November 4th.
Wow...this TEN is on a roll....anybody know why? I know there was some insider buying.
I would like to know why Tenneco and some of the other auto supplier's stocks have been trickling down. Auto sales are strong. New product announcements like the Bronco and electric F-150 should be a plus.
I started following "lionstock-aletrs” (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
Something is up here.
Tenneco swung to a net loss of $350 million in the second quarter from a $26 million gain the year before as its customers' COVID-19 production shutdowns gutted revenue for the quarter ending June 30.
Its adjusted net loss was $175 million, compared with income of $97 million the year before.
The powertrain, ride performance and aftermarket parts supplier said revenue fell 42% to $2.6 billion because of lower light-vehicle sales.
Tenneco reported cash balances of $1.37 billion as of June 30 and claimed that it has "adequate liquidity" to weather the next few quarters.
Tenneco said on the earnings call that it will slash salary costs over 25 percent in the quarter. Executives reduced their salaries by 50 to 100 percent. Salary reductions will allegedly continue into the third quarter at 10 to 20 percent.
Tenneco refuses to issue a 2020 financial outlook.
The company said it hopes third-quarter revenue "to improve substantially" but fall short of year-earlier results. A meaningless statement indeed.
Tenneco also said it expects "sequential improvement in cash from operations" from continued cost savings and capital management, which equates to more empty “blah”.
CEO Brian Kesseler says that despite the difficult times facing our industry, he remains confident in the company’s ability to weather the current economic downturn and emerge stronger than when we entered. Boy, if I had a dime for each time a CEO said that a few months before they announced Chapter 11.
This is not good. Q2 lost another $4.30/share. Shareholder's equity is now $74 million. It was $1425 million end of 2019.
Another year without a walker picnic. Sam sitting by hisself. Don’t miss it much nor the captains table crowd. Many alcoholics and management did nothing to help them.
Is the Dividend safe and sustainable going forward ???
Stock has made accidental high yielder list with great potential upside.
In our opinion, the market overreacted to the May 9 news, selling shares down by a whopping 37%. We think the market has unfairly punished Tenneco's valuation for what we view as transient issues. While postponing the spin-off indicates integration difficulties, we have already assumed as much in our Stage I forecast. Our 2019 revenue estimate was $18.2 billion, and our adjusted EBITDA margin assumption was already 10.5%. Lowering our 2019 revenue estimate to $17.9 billion with an adjusted EBITDA margin of 10.0%, while maintaining our normalized sustainable midcycle 11.2% margin assumption, caused little variance in our enterprise value. This 5-star-rated stock trades at a compelling 83% discount to our $73 fair value estimate.
TEN is trading as though it is on the verge of bankruptcy. Does anyone have factual information about the dividend cut and/or other serious financial problems? I know the $104 debt per share is exceedingly high.
Predictions that this stock is bouncing along the bottom and will do so through the election year, with tariffs being a key driver, but that we will see the valuation uptrend as global trade concerns settle (to a less volatile but still negative state). Election years are ALWAYS rough on the markets, but I see this stock easily reaching $35+ post election, and could even partially buck an overall market downtrend under a democratic presidency, due to the easing of tariff issues. However, I do not think they will achieve valuation levels of pre-Fed Mogul acquisition, due to excessive leverage. Just my take. Appreciate any thoughtful response or rebuttal.
When is upper management going to take 50+% pay cuts, NO stock options, NO bonus and NO fringe benefits? When is upper management going to start sacrificing like they've been expect employees to sacrifice for years now?
Just add 1100 shares @ 9.9. Hope they will announce dividend. I like they Monroe products.
I’m in the automotive parts business , every times there is a crisis , my business booms , because people stop buying new cars . My best two years of business were on 2008-2009 . Federal mogul supplies engine and suspension parts to big factories , like ford , Gm , Chrysler and even Mercedes , they have the best quality and they have factories in china ,India , they are selling as after market brand too . I’m buying Ten step by step .
What is going on with this stock/company? All green on the board except TEN. Still going down and no news.
Zacks has a strong sell on TEN. That's an indication to BUY.
wow....this one has been going down all week...I bet they are not making any sales and their warehouses are full.... the clues are fishy to me. might want to wait for the time being before investing into this one and if you decide to invest do not invest too much at one time.
I'm wondering how many posters here are, or have been, Tenneco employees? I'm guessing that most, if any, aren't because if they were, then they would know what's going on within this company. I remember when this stock went under a dollar back in 2008 or so. Many made a small fortune within their 401K when they converted all to stock. I'm sure a lot are thinking the same thing this time but not sure that it will be as easy as it was in 2008.
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