Anyone hear any rumors about potential S&P (not 500) index inclusion for ROIC? Someone said there might be a KBW report out there that mentions ROIC as a candidate, but haven't been able to get my hands on it...
ticker is ROICW - depending on how many warrants you want, the warrants move in very outsized fashion to the stock - at least on small trades - if you see a 1% decline in ROIC, you might easily see a 5% decline in ROICW and can snatch some shares. However, recently, ROICW has started to firm up now that shares have been hitting the warrant strike price of $12 intraday.
CC will likely provide some fuel if the past management performance trend of delivering on results and increasing divy stays intact, I could see ROIC hit $12.25. Can't see why warrants wouldn't go up $0.20 if that price target can be hit.
The warrants are the best leverage play for sure. If the company performs like expected, the common in 3 years should be about $18.
This would mean the warrants would have an intrinsic value of $6----that would be almost 800 percent from this level.
If you bought the common at 12 and it goes to 18----thats 50 percent.
You decide 50 or 800 percent.......i will take the 800 percent
Don't you love the market makers - they kept this stock at 11.99 about half the day. It hit 12, briefly. Soon enough, this will trade above 12 - certainly by earnings release and divy announcement. I still can't figure out the warrants - right now for $0.82 you get the right to buy shares at $12 through 10/23/14. That's another 2years 8+months. It only need rise $0.84 or 7% to make current warrant price have no time premium. Who here thinks that ROIC will only do 2.6%/yr for next 2y8mo?
Wasn't ROIC included in Russell 3000 back in June 2010? Also, I note the following:
It would seem reasonable given the company's size and proliferation of indices, etc, that this would be getting included in various indices as rebalancings occur and I don't see much reason they would be dropped from any unless they cross a size threshold.