I'm thinking you're exuberant in your projections.
And, you are making a guess that #8 will come up on the roulette wheel.
CD: This is what I perceive WIN to be if all this REIT reverse split and dividends cut take place.
It's a real mess right now and no one knows what's happening.
Din kee since when do you make the tuff calls. I thought you were behind a computer analyzing bull sh stuff. Like IBM records. I'd challenge you to ask when the last time you were called from a company after hours, like after 5PM, to question an issue or problem. sri however it struck me.. If you think I am the monkey maybe you should think twice... I did get your point.CD
I am as perplexed as you and I've let them know about it over on WIN.... As you know we didn't see this coming. I thought FTR was always tracking WIN.. It seems this is not the case. Now, I will say I thought that MW tried to be a sneaky snake then it happened. She cut the dividend twice. Then you have these folks going all around with a reverse split. You say 3:1 I thought they said 6:1 oh my gosh someone, [in my opinion] should be hung up to dry...what the heck.
They (WIN) want to separate into two companies, A REIT and the gut of the company, (transmission). Is this what is happening? With most of the dividend going to the REIT side of the equation. Win wants to incorporate a reverse 3:1 split to decrease the outstanding number of shares. This would shrink the number of share outstanding, but the BOD didn't specify if the dividend would be the same ($1.00) combined or it would be a different amount (total) when combined than the original.
I heard 60/40 for the dividend with the REIT getting the lions share, but there was no mention of what the total amount of the split was worth. It could be a 1 dollar total or it could be 50 cents. Then divided into 60/40 there is a very big difference. Oh, I've heard that there a many different ways that WIN may do the reverse splits and the insuring dividend payout but WIN's board is silent.
Essentially you would have two weaker companies. Correct me if I am wrong. It seems to be a mess right now and no one really has definitive information, or am I wrong again.
CD and Sage, I wish you and yours a very Merry Christmas and a joyous and prosperous New Year
When I posted "BUY" do it intelligently. This is a stock that has volatility and the dips recover quickly.
You guys might be partly both right. I am still watching this @WIN thing. Something is not right. If you have a second let me explain. -
Sage you just asked a few weeks ago why the volume at 7m shares didn't match 10m shares. Now you have your answer...
I thought all along it had to do w/ lack of something. It was obvious WIN folks might be getting out of their positions too.... My question is, why did they mess over all of their investors like that.... Maggie did the same thing but in another way..... twice... But it's pretty obvious with this reverse-split thing they are trying to do doesn't sit well with investors. I wouldn't own it. .. If anything else it gives the impression they don't know what they are doing... What do you think?
David will never get it imo. I am more concerned about what is going on over @ WIN with the reit structure... Seems no one can make a decision there. I would watch that..
A lot of the volume was option coverage, the third Friday of the month. Just my opinion, but FTR is showing resistance. It will be interesting to see the Q4 results as this will have the Conn-T purchase revenues integrated into that quarters results. FTR may show the Conn-T results as a part of the revenues separately at first and then integrate in the whole later on.
We will see in February with the earnings report. Until then it is all conjecture and what the Fed will do to interest rates in the future.