$41.42 X 2.4849 = $102.92, but KMR closed @ $100.60
cleaned those guys out.
Here's what I think happened today with the warrant's. and think it's bullish
Specialist/MM had a large order to buy. (1.8 million shares)
The warrants were suppressed at the start of the day, going down while KMI was rising.
Then, after the high for the day the warrants were allowed to run, and suddenly were up by half as much as the stock, (.12 vs. .24)
Boom! Giant block gets crossed at the 4.42 range.
Stock drifts back down.
Specialist accumulates low, sells artificially high, then covers the rest all the way to $4.35 at day's end.
Someone wanted in in a big way..
Thank you for that information. If you want income growth over time, here's a company that looks like it will be able to do it via organic growth, not buybacks and financial engineering.
My two remaining brain cells seem to remember they both use the same Black Scholes pricing model based on price, duration, and volatility.
So here's what I see:
January 2015 $40 calls - $2.47 X $2.61
March 2015 $40 calls - $2.57 X $2.79
January 2016 $40 calls - $3.20 X $3.30
May2017 $40 warrants - $4.41 X $4.42
What do you think is the best buy?
KMR still about a 2.4% discount.
Warrants are cheaper on the day. After the excitement, looksl ike people are buying based on math.
$GNRC PLAYER BUYS 9080,NOV $55 CALLS $1 ASK -- OPENING 8.2X USUAL
I've never exercised warrants. I would think it depends on your broker's policies of whether the shares would be in the account and their back office speed of getting the shares in the account..
Cursed Black Scholes model!
KMIWS $42,800, KMI $41,300
But the stock is already at NAV, which is unusual. So would they price it at a discount?
Dividend came out of the stock on the ex-dividend date, July 29th. Not sure what you're talking about, Willis
Goldman Sachs downgraded InvenSense (NYSE: INVN) from Buy to Neutral with a price target of $25.00.
The change is tied to valuation. Analyst Mark Delaney said, "We remove InvenSense from the Americas Buy List and now have a Neutral rating as the stock has reached our 12-month price target of $25 (which is unchanged), and we believe that one of the key near-term catalysts for the stock (share gain at Apple) has now materialized. While on the Americas Buy List since 12/26/11, InvenSense is up 143% vs. the S&P 500 up 55%. We attribute this outperformance to a combination of smartphone unit growth, increasing attach rates of gyroscopes (we believe attach rates could reach 50-60% in 2015E), and share gain by InvenSense (recall that STMicro and Bosch are its primary competitors)." For an analyst ratings summary and ratings history on InvenSense click here. For more ratings news on InvenSense click here. Shares of InvenSense closed at $24.99 yesterday.
reading further into the Semi-annual KYN already owns KMI.. No need to sell other than for balancing purposes.
Midstream Company— 9.3%
Kinder Morgan, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,447 48,309
Link to Semi-Annual report: