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CVR Energy, Inc. Message Board

  • insider.investor insider.investor Feb 12, 2011 4:12 PM Flag

    Goldman Selling By the Boatload

    Goldman Sold 241M ->


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    • For those of you who don't know the story--GS was part of a finance group that bought the pieces of CVI from a then bankrupt Farmland industries--( a large diverse farmers co-op that bit off more than it could chew and went belly up around 2002). I believe they bought the fertilzer & refinery Operation from Bankrupcty cout in 2004. They operated it privately until they IPO'd it in 06 or 07. GS originally had around 28-35% of the company and had planned to get their money out a long time ago--except the financial collapse of 08-09 neccessitated in them holding it a lot longer. GS has gradually been selling it's shares fore a while now---I believe it is a good thing---large institutional investors don't like to see one company with such a large share because the stock price can crash if that shareholder decides to get out. They divested a large amount last year and are continuing to divest this year. This --along with Crack spreads going through the roof and fertilzer prices going rapidly upward are the items propelling this stock upward. The proposed IPO of the fertilzer business will also unlock shareholder value---tghis stock will probably see it 2007 high of around $30.00 soon.

    • In the past EVER time I have stayed in a stock after Goldman has sold a large holding it has coast me. I have never owned this but won't for a while at least. My experience has been that Goldman deals in what may not be ILLEGAL information, but certainly UNETHICAL inside information.

    • March 2nd is earnings. I don't own it but I watch it and maybe they don't like what is coming. Very hard to determine selling as opposed to buying. We shall see. Watch the option board maybe !!

40.11-0.15(-0.37%)May 22 4:02 PMEDT