Eagle, thanks for including the posting date, so I could check it. You may not agree with my views, and obviously don't on most if not all of my points, but I post correctly. Hell, this crap is all anonymous, so what would be the need to not be truthful? Thanks, but I have enough confidence that I don't have to post BS to inflate myself. Anyway, as the post said, I was hoping to sell "my next piece", and it got done. Sold other pieces on the way up to 149 (all prices rounded), and last piece at 149. And yes, I was shocked that Tony paid a dividend--the only ones in the 15 plus years he has run this Hallwood, or I think any of the other Hallwoods (RE, Energy). If it wasn't for Ackman's overreaching, and Icahn's forcing his hand, Tony likely would still be sitting with RE and not giving a damn for the minority S/H. As it is, it appears it was to his advantage because of the tax laws to pay a liquidating div. (reduce tax basis) and not pay div. or cap. gains taxes. That was for Tony, not for you--you are just along for the ride. What's the opposite of "long and strong"; I'm still short and ????
By the way, my reply is based upon Blishee's posting of Sugust 2, 2004 where he was upset that the price of HWG had not reached his preset sell objective of 50 dollars (this is before of course the 44 dollars in dividends paid in 2005 which he said many times would never happen).
Again, I accept the postings of Blishee at face value. He either was not telling the truth then (and by the way his analysis was quite incorrect) or he is not telling the truth today. I will leave it to Blishee to correct the record.
Too bad that the record is written in stone mister Blishee!
If any one cares (and I really doubt it), one can just go back and read your posts where you said you were gone at 50 and even thanked those of us who took you out.
You are either not telling the truth now or you were not then. Which is it?
You don't have a clue and anyone who has read your posts understands that.
Right on, Eagle. My point, exactly.
Yes, I'm still short--don't remember if I mentioned I shorted more at $127; and yes, you are correct, it's not working yet.
Appreciate your concern about my account; but even with the paper loss so far on my current position, I'm still way ahead. From the long at 17, then selling on the way up from 50 to 149. I'm not out shopping or retired like Nicki (good for dear ol' Dad), but I'm still here and plugging away.
I read your post and cannot figure out what you are thanking Blishee for or in fact what the point of your post was.
Maybe you can put forward something which will be informative to investors in HWG whether they be short or long. Otherwise it seems odd that you would post here at all.
I do not care about a dividend; I thought someone posted something about getting one. Can you tell me how long you have owned this? I just noticed it a few weeks ago and only have 300 shares. Thank you for your response.
HWG paid a dividend of $ 37.70 May 20, 2005 and another $ 6.17 on August 18, 2005. I believe that these were part of the proceeds of asset sales and that the primary ownership was just paying themselves off. The CEO owns about 70% of the company and another 11 or 12% is closely held. Recent filings have indicated that another asset sale may be in the wind. I have been in this issue since last summer and I am just small potatoes. Most of the posters are genuinely helpful if you just watch and listen . There are some cynical types however . If you join up you will notice......Dan Daly
If you read deep into the footnotes of the last 10-q filed in November, it'll explain it all. There is a table/chart in there with all past and current drilling projects, with dates of sale of the project to Chesapeake Energy, and specifics about new drilling projects that are currently underway. Last July Hallwood sold the last of its wells in the Barnett Shale to Chesapeake Energy for $56 million ($30/share), approximately.
After a number of divestitures over the past several years, Hallwood has two lines of business: textiles and oil/gas exploration. All other divisions have been sold off or closed. They may or may not be in the process of selling off the textiles business. Some on this board think they're going to sell the textiles b/c of a recent SEC filing in January that implied as much.