At last a possible reason for the long silence and the steady rise in VGR stock price.According to The "Real Deal" MHGC is up for sale. VGR owns 7.1 percent of MHGC. Is it going to be an arms length sale or is it going to be bought all or in part(select individual hotels)by VGR alone or in conjunction with one or more of it associates?
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Leads me to believe VGR has a MAJOR move up its sleeve that could be a real game changer on the positive side. In the past they have done frequent bolt on relatively small Real Estate deals.For the better part of a year we haven't had any on either side Real Estate or cigarettes.This runs contrary to the opportunistic thinking of Frost, Lebow and Lorber.At the same time the stock price has been very strong at a time of market volatility, somebody thinks they know something and is a further indication to me that something is happening.JMHO.
Because of this post bringing this company to my attention,and because I like what I learned in my research,I made an initial purchase on Friday.Thanks chief.
Not only did he make an investment but he is also chairman of the board.He is taking an active position.Looks even better then I thought.
Very interesting read.Extremely strong and experienced management team.Dr Frost and another executive each bought 1 million shares of a convertible preferred issue of DRNE. Already have sales to the U.S. Military and the state of Ohio dept. Of transportation. Their website is very informative. Different than the other drones on the market. I think VGR would be smart to take a stock position,as it has with some other companies Dr Frost has been involved with.
Is in DRNE a drone company.Given his prior track record I will take a position. Currently selling less than .30 cents,sounds like the ground floor to me. Maybe VGR will be taking a position also.
I heard Price Waterhouse resigned on their own. The accountants were getting severe migraines from counting all the cash.
Sentiment: Strong Buy
Deloitte and Touche is replacing Price Waterhouse Coopers, and they are a top accounting firm too.
Maybe, just maybe, after 10 years, we can get our final amount of taxable dividends to shareholders before October 14th!
Another issue, pretty dang good week after going ex-dividend this week, we are up $1 since the ex-drop. (I figure that means we are up $1.40 this week), but who counts weeks, this is a great hold for now, with the addition of the real estate arm!