If you read your account agreement, if your shares are held in a margin account and you have any (even 1.00) debit balance broker can lend your shares without your consent or notification.
If you have a large holding in a stock that is hard to borrow (marked HTB on Schwab) contact them about getting possibly paid to lend your shares.
If you don't want your shares loaned out, put them in a cash account.
Is that because of the great upcoming Q3 report?
Hey, PAL - how about an July shaft TPD update? Really difficult to do - just add up 31 numbers.
"For $1800 you can buy 100 shares of SWC or 6792 shares of PAL. Which stock do you prefer based upon risk versus reward analysis?"
Risk/reward has nothing to do with the relative stock price. The correct question(s) to ask is which is likely to go down 10%. IMO PAL. Which is likely to go up 10%. Edge slightly to PAL. This does not make PAL better risk/reward, just higher beta.
How about this question: How much of your entire portfolio would you be willing to put into PAL or SWC?
Hey..... I am a individual day trader. Right now I can make a round trip of any number of shares for about $16. My typical trade is 2000-5000 shares. A tax of $40-$100 for the round trip puts me out of business. Thanks guys.
Looks like they are trying to get it under 22.00 so weekly 22.00 expires worthless.
No problem with that since sold covered 22.00 calls at .34
If closes above 22, the I get 22.34. And will buy back and do it again next week.
If you sell on ex-div date you get the div. And price will be marked down at the open by the amount of the div (.10).
Just remember ex = without, So ex-div date is date without the dividend. If you held the day before ex-div you get the div and can sell on the ex-div date and still get the div.
And PAL down 7% in the same time period. Doesn't that suggest something? And how much worse (as guided) is Q3 going to be?
"They could have come away with $70M cash "
A number of comments:
Where does this $70M cash come from? Are they selling (offering) the rights or issuing them for free to existing stockholders? If just issuing them gratis PAL gets no money until the execution date - how long in the future?
Some additional comments:
- $70M would not be enough
- Cash needed fast. I think they were in worse shape than non-insiders thought. Having a vote, prospectus/paperwork for issuing rights and then waiting for execution date - by then IMO they would have been BK.
- what is different than just having a secondary well below the market (1.20 vs 1.80) and PAL gets money quickly.
The BAM loan as bad as I think it was, was unavoidable given the time constraints. The fact that they agreed to outrageous rates IMO means no one else was willing to loan them money or buy stock in secondary offering.
But that as they say is ore through the mill.
FYI: Guess what hit a new 52 week high - BAM.
What's your take on SWC weakness last 4 days?
It is filed on SEDAR (like our SEC) dated Jun 17 2013 Title Material Document
About 100 pages. I have a copy (in WORD) I can e-mail to you - address? Do not have the amendments.
SA ETFs have stopped any significant buying
Yes, SA mines are ramping back up though will take several months - meanwhile they seem to be able to supply customers from inventory. I also suspect some end users stockpiled as soon as their was unrest in SA.
Increasingly obvious no sanctions involving PD. We surely won't ban imports (and once it's in a cc who can tell where it came from). Russia seems to be retaliating by sanctioning imports (US chicken, now hassling MCD)
Do you mean issuing (for free) a right to buy one share at 1.20 for each share held on the assumption that right holders would immediately exercise?
No craps but do play Texas hold-em. Tight and aggressive of course. :-)
Bain has a bearish tone for Pd going forward doesn;t he?
Big article in today (Wed) NYTimes business about RSH. Pretty gloomy. They say RSH strategy of many many stores was to make it convenient to shop at the a store but now "not as convenient as on your sofa in your slippers". SO they are stuck with a huge number of unproductive stores and the number of closings is limited by the holders of their debt.
Says some of the things I've been saying recently.
True was previous mgt. But look what new mgt brought us (drumroll.....) BAM.
(True they had little choice , just as they have little choice now)
Maudore (MAOMF) still owns them - doing what is called scavenger mining. They are essentially BK. See their latest restructuring PR.