Neil Woodford, Britain’s most prominent income investor, has come down firmly on the side of those who think the oil giants’ dividends are unsustainable. “I believe that both BP and Shell have unsustainable dividends that are being financed by a combination of debt and asset disposal.
In effect, these companies are liquidating themselves rather than facing up to the need for a dividend cut,” he wrote in his blog on Friday.
As for Fitbit, its stock is trading at 52-week lows.first to report the news of Jawbone's liquidation.
A Jawbone spokesperson declined to forced to cut ties with its external customer service agency, sources said." data-reactid="27"Jawbone stopped producing its fitness trackers last year, according to sources familiar with the company. Jawbone sold its remaining inventory to a third-party reseller at a reduced price in order to generate much-needed revenue, sources said.
The company also had trouble paying some vendors for their services and was forced to cut ties with its external customer service agency, sources said.according to Recode's Kara Swisher.
While its demise now may be at hand — the company declined to comment to several CNBC requests — Jawbone innovations live on and may extract future economic value.
Many of its products integrated military-grade noise-canceling technologies Jawbone developed in-house.
Despite shuttering the business, Jawbone believes it is still worth a significant amount of money due to its pending litigation with rival Fitbit, according to the source. As for Fitbit, its stock is trading at 52-week lows." data-reactid="25"Jawbone, which was once valued as high as $3 billion by private market investors, is the latest pioneer of wearable electronics to throw in the towel.