It's all what you have signed up for with your broker. You must be signed up for electronic proxies….whether you know it or not.
Technically, the deal is dilutive (ie. a share owned today represents less of the total than it will tomorrow). However, I think the argument you are making is that as with any merger, the questions that matter are 1) is it strategically important to the business and 2) is it financially important to the business. On these more fundamental questions, the answer is yes in both cases and the fact that it is immediately accretive to earnings leaves less to chance.
I have never been good at predicting where a stock will go short-term, but this one is likely to go up nicely over time and continue to deliver its healthy monthly distribution along the way.
I voted in favor. And, institutional investors will "ALL" support the deal. They follow ISS recommendations except when they differ with management. Then, it's possible some can be persuaded to go with management. But, of course, ISS and management are both recommending thumbs up on this one, so it's in the bag.
I have owned LINE a few months now, but just started buying LNCO yesterday at $30 and today at $29.15. I think it's an excellent buying opportunity, though it may take a few months to develop. But, getting the distribution monthly eases any pain of waiting for things to unfold. Barring macro issues entering the picture, I think this is a $40 stock by end-2014, if not sooner.
I have always wondered why LINE doesn't trade modestly higher than LNCO to reflect the deferred tax advantages. I can't really speak to the headaches of the K-1 since I have my taxes prepared by a tax attorney, but he obviously has no issue with it at all. It's all automated and he just plugs in the numbers……and sends me a bill. Not sure how trading in and out of LINE would change the complexity, if at all.
Bought 9,000 more LNCO at $29.15. The deal is not in question. Why the media even bothers printing the idea that the outcome is in doubt is an insult to everyone's intelligence. Now, that said, the stocks could still go down on the news, but the deal is not in doubt. GLTA
It would be shocking to me if the vote is in doubt. I've never seen shareholders not pass a merger proposal. As such, I don't think you are going to see a move of substance either way based on the vote, even when it's announced. If anything, we may see some selling the news. A nice move up will more likely start as we approach Q413 results and 2014 guidance being announced in January/February (whenever they report).
What are you paying to short? I just tried to get 25K shares to short at Schwab and they said it would cost me 4% today.
Margins are much higher. And, you are forgetting that they are gaining market share in the U.S. and Japan as well as with the new iPads. You need to get out of the tree and see the forest. Besides, Apple can own themselves in 6 years with their cash flow, so they remain fundamentally mispriced, even at $560, if they truly aren't going into decline, IMO.
Any indication whatsoever that they are not being debarred from government orders and it's back in the $70's. It makes no sense they would be debarred for a minor mistake that they brought to TSA's attention with a recommended remedy, even if this isn't their first mistake, but nothing like a re-instatement of the $60 million order or a new order to make this fly. While I did short this about a year ago when it hit $80, I am long now at $45 and no way I would get caught short here.