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BGC Partners, Inc. Message Board

  • joseywellsoo7 joseywellsoo7 Apr 3, 2013 11:48 AM Flag

    3 things to worry about for me is if they back out. Insiders selling into strength. Overpaying for #$%$ realestate

    and a tumbling stock market..4

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    • Look, CEO Howard Lutnick owns almost 9 million shares of BGCP according to Yahoo! Finance. And just the $750 cash portion of the e-Speed sale price comes out to $4.57 per share of BGCP stock. That pretty much guarantees that the 48 cents/share annual dividend is sustainable forever.

      Does anybody really think that Bob Greifeld is going to call off the deal after he has already publicly announced it? Greifeld didn't become the CEO of Nasdaq OMX Group by announcing deals and later reneging on them. If he did that, his credibility in the business would drop to nada, and nobody would ever talk deal with him again. You need to do a reality check. The idea that Greifeld and Lutnick would back out of a publicly announced deal is absurd.

      The cash infusion from the sale of e-Speed gives Lutnick the financial firepower to continue to buy more CRE real estate brokers. Lutnick believes that the industry is ripe for consolidation, and that he can bring efficiency and scale to the fragmented industry. The CRE brokerage biz already accounts for roughly one third of BGC Partners' revenue. Lutnick is an "old hand" in the financial services industry, so I'm happy to let him execute his business plan, which appears to have taken a giant leap forward with the sale of e-Speed at the jaw-dropping price of $1.234 billion including earn-outs.

      What's not to like??????

      Sentiment: Strong Buy

    • Another alias, how many do you have?

      • 1 Reply to wallstpirate
      • Absolutely beautiful man:

        "he cash infusion from the sale of e-Speed gives Lutnick the financial firepower to continue to buy more CRE real estate brokers. Lutnick believes that the industry is ripe for consolidation, and that he can bring efficiency and scale to the fragmented industry. The CRE brokerage biz already accounts for roughly one third of BGC Partners' revenue. Lutnick is an "old hand" in the financial services industry, so I'm happy to let him execute his business plan, which appears to have taken a giant leap forward with the sale of e-Speed at the jaw-dropping price of $1.234 billion including earn-outs."

        My sentiments exactly, have you looked at JLL and CBRE!

        WSP

 
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