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Linn Co, LLC Message Board

  • A Yahoo! User Jan 11, 2013 4:05 PM Flag

    LNCO Share Price Out Whack Compared to LINE

    I own both LNCO, bought at a slight discount to LINE'S price shortly after the IPO, and LINE However, at prices current this afternoon LNCO is trading at a premium of 4.2 % to LINE. That makes no sense and will reduce LNCO's total return vs. LINE for those buying today.

    LNCO is basically a shell corporation with the sole purpose of holding shares in LINE in order to throw off dividends instead of distributions requiring tax reporting based on K-1's. No way is the slight inconvenience of the K-1 worth a 4% premium, especially if you use Turbo Tax in preparing your tax return. In addition, LINCO holders will receive a few tenths of a per cent less than LINE holders.

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LNCO
30.82+0.11(+0.36%)4:00 PMEDT

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