If you had 200 shares of duk @ $33 they were worth $6600, right?
Now you have 100 shaes of se @ $28 worth $2800.
You have 100 shares of duk @ $19 worth $1900.
$2800 + $1900 = $4700.
$6600 - $4700 = $1900.....that's what you're missing!!!
Right" Duke closed at $33.21 last Friday. But you also got one share of Spectra for every two shares of Duke.You also still have the same number of shares of Duke.Spectra is now up another $1.25 or 4.4% and the trading day is only half over.The ratio is 1/2.
Duke was selling for $33.21 on the last day.Spectra was selling for about 28 at closing last Friday so 1/2 of 28 is 14.
19 + 14 is 33.If you had 200 shares of Duke on 12/18/06 then you received 100 shares of Spectra.Last Friday you had $33.21 Times 200 is $6642 At the open this morning you had 200 shares of Duke at 19.25 or $3850.00 you also had 100 shares of Spectra at 27.75 or $2775. The total is $3850 + $2775 or $6625 which less $25.00 was the same amount you had at the closing last Friday.
Since Spectra is now up another 4.4% or $125.00 in this case then you are ahead of the closing last Friday in this case.
I don't know why people listen to these Morons on here that told people to Sell a few weeks ago because the result on 1/2/07 was going be a 30% loss or the poster that claimed that he was close to the picture but didn't know what the dividend on Duke was suppposed to be but only knew the $.88 of Spectra.
All it takes in each case is a Basic knowledge of Math in each case.And then there is the Poster this morning that told people he was going to Sell Spectra and buy back later at 25.Problem is that Spectra is now at 29.
I have been posting several messages to the above before the Spin- Off and I find it very difficult to believe that People posting this nonsense could own any shares of anything with this sort of Mentality.