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TransMontaigne, Inc. (TMG) Message Board

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  • rrb1981 rrb1981 Nov 30, 2004 7:24 PM Flag

    sucker punched?

    Just remember that TMG has to pull off a succesful spin-off of the MLP for Morgan to make a profit. Another thing to consider is that TMG will receive 36 million if/when they are excercised. Also keep in mind that Morgan is going to have a strong interest in helping TMG locate acquisitions and should also help promote the MLP....

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    • That is right on the money. I'm busy with appt., but tmg is out of the trading business--more tomorrow.

    • >> Also keep in mind that Morgan is going to have a strong interest in helping TMG. etc, etc<<

      You make a noble effort to keep a stiff upper lip, but if any of your optimistic speculations were accurate, we should not have seen the big drop in stock price yesterday, and the likely continued drop today. I've outgrown making excuses for bad stock performance, and I definitely take my money elsewhere when company management makes deals surrounded with rosy characterizations while the stock price plummets. If a company disappoints, if its share price suffers, I unload the problem, move on to greener pastures, or sell it short.

      • 1 Reply to thinkprecisely
      • Well the point is this, Morgan doesn't make money until TMG passes $6.60 a share. It would need to go to $8.00 for them to make $1.40 and that is a 20% gain for them(which is not that extraorinary), so I suspect that they will be a long term holder.

        I certainly understand your frustration and the fact that you want to move on. Feel free to, even short it if you want to, although the risk reward of shorting it seems to be low. I have owned alot of GP's in the past few years (Kinder Morgan Inc, Plains Resources, Kaneb Services, Markwest Hydrocarbon..) everytime I bought, I ended up having to wait for it to breakout. I am a patient person, I don't mind waiting 6 months to see it take off. The point is this, the value is there, they just need the MLP and some sponsorship to get it going. Well, the MLP is on the way and the sponsorship and strategic partner are here.