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Linn Co, LLC Message Board

  • new2nvesting new2nvesting Nov 6, 2013 10:25 AM Flag

    LNCO Bargain

    At this point, LNCO is a steal! Whether the BRY deal completes or not, either would be a win-win. The tumbling into the gutter days are over! I personally don't like the terms of the BRY deal and will likely vote "no" but I trust (as management said) that it would be immediately accretive. Just not as accretive as it could/should be. If it completes, share price will go up. After a few quarters, dividend would likely be raised. If the deal falls through, while there may be a mild short-term drop in price, I think more LNCO folks would jump in and in a short time, LINE would find other fields to buy at a better value than BRY.

    While waiting for whatever the next steps are, collecting the dividend is nice. The drastic swings up and now will eventually settle, likely in the upper 30's. Whatever scenario pans out, LNCO will be trading in the upper 30's within 6 months and the dividend will be raised. The faint -of-heart will miss out.

    Sentiment: Buy

0.408Apr 29 4:00 PMEDT