Qurate Retail, Inc. - Series A (QRTEA) Social Stream
Warning: This security is no longer trading. Liberty Interactive Corporation ("Liberty Interactive") acquired the remaining 62% of HSN, Inc. that it did not already own. As a result of the Merger, HSN shareholders (other than Liberty Interactive and its wholly owned subsidiaries) received 1.65 shares of Liberty Interactive's Series A QVC Group common stock in exchange for each share of HSN common stock surrendered in the Merger. Cash was received in lieu of fractional shares.
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$QRTEA QRTEA- fundamentally a good company with a buyback program of their shares a cash dividends payout of $1.50 per share. I am not sure if the dividend common per share payout is split into 4 quarters but this seems like a steal. That is about .375 cents per common share at the current price which is about 3.8 percent. In addition, they are going to do a stock repurchase of shares meaning the company will buy shares on the open market back. Seems like an interesting play fundamentally. Technically I am liking the chart for a big breakout pass $10. Consolidation above $10 then this can see 11-15 dollars in the mid term, Potential dip buy is the bounce of $10 or if that falls below somewhere between 9.75-10.02. However, I am going for the long swing as this chart seems bullish and may test 10.45-11. Below 9.75 then this can fall to 9.43 which indicates a bearish trend back to the wedge pattern. November 27 is the closure for the ex divident and the payout is December 15.WayCallsOptions, published November 26, 2020