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TravelCenters of America LLC Message Board

  • blueskydriving blueskydriving Jan 10, 2013 9:03 AM Flag

    Over $5.00 today?

    Growth capital locked in ... economy seems to be recovering ... to me the fact that they did not make these notes convertible to equity speaks volume ... share price likely to move much higher in coming months with improving economy and potential Shell partnership ... but first we need to get past $5.00, maybe today

    Sentiment: Strong Buy

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    • earnings should be released in a few weeks+perhaps update on natgas deal with Shell+more clarity on what opps TA sees with the $100mm bond proceeds.
      I am more optimistic all the time on TA's potential.

    • Basic question.

      Institutions that are not allowed to buy in until over $5, how does this work? Why can't they just place a bid now over $5 and automatically send the stock to this level. Is there a certain amount of daily running averages that has to be met?

      • 1 Reply to bwisheldon
      • An institution is not "legally" prohibited from buying an equity that is priced below $5.00 but it is often a criteria used by a particular fund as investment criteria ... to these institutions, below $5.00 is considered a "penny stock" and considered too volatile or risky ... it is true that trading above $5.00 will get some additional institutional attention but having over $8 Billion in revenue and uplifting to the Nasdaq witha share price above $5.00 and a book value of $12 would get a lot more! glta

        Sentiment: Strong Buy

10.99-0.02(-0.18%)Oct 9 4:02 PMEDT