Sun, Mar 1, 2015, 4:05 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

CVR Energy, Inc. Message Board

  • drugsman12 drugsman12 Dec 9, 2012 10:40 PM Flag

    So is icahn just going to hold this forever now?

    Whats his exit plan? There were no buyers at $30. so doubtul there are any at $45. I guess he is just going to sit on the company for a few years and hope the cash keeps piling up at $6 or $7 a year. Then maybe he can sell the company for say 30/share after stripping out what could be $15-$20/share in cash on the balance sheet. If so, this stock is dead dead money for long time at this share price $45/share IMHO.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • drugsman12,

      How does one accomplish "stripping out what could be $15-$20/share in cash on the balance sheet"???


      • 1 Reply to johnnyboynj
      • I mean that if they can accumulate say $15/share in cash on the balance sheet from operations over the next few years. Then maybe Icahn can find a buyer for the stock at $45/share. Which would really be a cost of $30 to the acquireing company because there would be $15 in cash. I don't think another refiner would pay more than that because basically you are just betting on the WTI Brent spread and that is impossible to predict. I don't really see how the stock goes up more and be able to sustain that price anyway. But who knows.

41.99+0.77(+1.87%)Feb 27 4:04 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Aruba Networks, Inc.
NASDAQFri, Feb 27, 2015 4:00 PM EST
Vulcan Materials Company
NYSEFri, Feb 27, 2015 4:00 PM EST