The Interpreter Posted February 8, 2012 Share Posted February 8, 2012 But, the dividend will be ten times what it was. The increase is NOT ten fold: http://www.marketwatch.com/story/six-flags-announces-ten-fold-increase-in-quarterly-dividend-2012-02-08 I wonder if some fun loving legal beagle will call them on the SEC carpet. This is quite the blooper. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 8, 2012 Author Share Posted February 8, 2012 Oopsie, filed with SEC: http://services.corporate-ir.net/SEC/Document.Service?id=P3VybD1odHRwOi8vaXIuaW50Lndlc3RsYXdidXNpbmVzcy5jb20vZG9jdW1lbnQvdjEvMDAwMTEwNDY1OS0xMi0wMDc4MjUvZG9jL1NpeEZsYWdzRW50ZXJ0YWlubWVudENvcnBvcmF0aW9uXzhLXzIwMTIwMjA4LnBkZiZ0eXBlPTImZm49U2l4RmxhZ3NFbnRlcnRhaW5tZW50Q29ycG9yYXRpb25fOEtfMjAxMjAyMDgucGRm Quote Link to comment Share on other sites More sharing options...
jcgoble3 Posted February 8, 2012 Share Posted February 8, 2012 Huh? That IS tenfold. From Dictionary.com: 2. ten times as great or as much. If the new dividend is ten times what it was previously, then it is a tenfold increase. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 8, 2012 Author Share Posted February 8, 2012 No, the dividend is tenfold. The increase is only ninefold. They said the increase was tenfold. It went from six cents a quarter to sixty. The increase is fifty-four cents. A tenfold increase would be an increase OF sixty cents (to sixty-six cents), not of only fifty-four cents TO sixty cents. Quote Link to comment Share on other sites More sharing options...
jcgoble3 Posted February 9, 2012 Share Posted February 9, 2012 That's odd. I've always heard it used to mean "an increase to ten times what it was previously". I've never seen it used the way you just defined it. Interesting. Quote Link to comment Share on other sites More sharing options...
kingsrattler Posted February 9, 2012 Share Posted February 9, 2012 He's using the same way.. but when you already are getting 6 cents.. and the dividend is 60 cents, then you are only getting an increase of 54 cents. 54 cents is not tenfold of 6 cents. So yes, you are getting 10 times as much as you would have been getting, but the increase from what you were getting is not. To put another way, if you have a dollar, and tomorrow you have 10 times as much money, you now have 10 dollars.. but you did not increase your money by 10 dollars, you only increased by 9 dollars. Quote Link to comment Share on other sites More sharing options...
jcgoble3 Posted February 9, 2012 Share Posted February 9, 2012 I understand that, I'm just saying that that's not the definition I've always heard and used. The definition I've always heard is that a "tenfold increase" means "an increase to ten times what it was before" (e.g. from 6 cents to 60 cents), not "an increase of ten times what it was before", which is what Terpy is using (and in this case, would mean a new dividend of 66 cents). I've never heard the latter until this thread. Quote Link to comment Share on other sites More sharing options...
jcgoble3 Posted February 9, 2012 Share Posted February 9, 2012 Aha! Dr. Math says this: Although some people might quibble over "twofold increase," arguing that it has to mean the _increase_ itself is twice the original value, and thus a tripling, a quick web search makes it clear that the phrase universally refers to a mere doubling: an increase _to_ twice the original amount. Also, eHow says this: "Two-Fold" Increase So, applying the definition to a "twofold" increase, this would mean that the new quantity is now twice as large as the original quantity. So, for example, if a stock worth $20 experienced a twofold increase, then the stock would be worth $40. Or, if a company experienced a twofold increase in demand for a product, then demand for the product would have doubled. Debate Although the definition of "twofold" is commonly used to refer to the doubling of a particular quantity, when speaking of an increase, it is occasionally used to refer to the tripling of a quantity. This is because the word "increase" is being modified by "twofold," meaning that the increase -- the amount being added to the original amount -- is twice the size of the original quantity. If you were to say that an amount experienced a twofold increase, then this might suggest that the amount is now three times its original size: the original amount plus an increase twice the size of the original amount. So from the perspective of the most common definition, SIX is correct in their announcement of a "tenfold increase", but Terpy's viewpoint is not invalid either. eHow goes on to say that "professionals will generally avoid using" such terms, which is SIX's only real error here. 1 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 10, 2012 Author Share Posted February 10, 2012 Which is why I said fun loving legal beagles would quibble. The rules for securities disclosure are very precise. I would not be surprised to see some litigator do what they do. Terp, who knows of these things (for some reason) Quote Link to comment Share on other sites More sharing options...
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