and I mean no personal slight to "grunka" when I
say this but are you kidding?????That anyone would
even think of hanging around until April for a
dividend!!!!Boys and girls...did you learn NOTHING in December???
I see where NY Coffeeman posted today again..If any
of you have access to a Nashville newspaper there is
an article on the front page of the business section
re: Service Merchandise telling their shareholders
their stock has no value and will not be honored this
comes to no surprise to most..EXCEPT some of the
stockholders who were holding out hope..I predict the same
headline here for PZN in the future..Seems like taking 3
11/16 home per share is better than nothing..but
inevitably some will hang on till it's all gone.Why is that
do you think???????
I had sold a bit above $5 and bought back in this
morning. Given the seemingly very positive news I was
surprised that I could get in at $4.
This is going
to be very interesting. My first thought when I read
the deal was that Doc is going to try to weasel out
of this new offer because it doesn't provide him the
liability protection that he apparantly so desperately
pkn4mom, concerning the "C" corp vs. REIT debate, I'm
assuming that our new Bidder wants to be considered a REIT
for 1999 so that we don't pay the crushing income tax
tab. I'm betting that they will not want REIT status
for 2000 but will (of course) merge OPCO back with
Beyond that, my only other observation is that I would
have guessed an offer like this would have had a much
bigger impact of the stock price.
The Soap Opera
is astute, and I hope your investing is also.
I agree with you that REIT status for 1999 doesn't
mean REIT status for 2000.
The companies still
have to merge, in my opinion. Until things get
simplified and publicized, the general market will continue
to treat this stock as poison.