Yeah he was very vague and I was not sure what he was talking about because it made no sense that Oln was a target at this juncture. Thanks for your input
Steve Grasso said on CNBC fast money that he thinks it is going much higher on merger activity . He said he owns it. In the post market this went up to $16.98. I thought it was dirt cheap when I started buying at $18. After averaging down I now have a small gain. I think this will be a $30 stock in 18 months if the synergies that management has talked up come to a fruition. In the meantime you collect a nice 5% dividend. I find it interesting that Grasso is talking about merger activity. I assume he is talking a possible take over of OLN . Obviously there must be some rumblings and rumors on the NYSE floor where he hangs his hat. I don't see that happening since OLN is still a work in process. Anybody have any thoughts on this?
To today's news. His case is bolstered ten times. I look for him to replace the entire mis management team and sue SUNE to sever all ties.
If they thought the SEC would uncover a huge fraud as he alleged. He has had conversations with the SEC and closed out his short before hitting his $50 target. Guy on CNBC yesterday said stress test earnings do not go below $10 a share in 2016. Therefore VRX is trading 7 P/E.
Just saw a spot on CNBC saying that this could be the bottom of the cycle for fertilizer stocks. This is in line what LSB said yesterday that they are starting to see some firmer pricing.
SAR will have to pay a special dividend in order to avoid paying taxes. For the nine months ended 11/30/15 they had NII and Realized gains of about $2.15 per share. So add one more quarter of NII and they will be over $2.50 a share of distributable income vs the $1.60 dividend. So assuming I am right the yield on the common will be north of 18%. I also own SAQ
Olin of 2016 is totally different from the Olin of 2014 after the Dow transaction. Forbes had a subsequent article lauding the Dow transaction.
Just hitting today some insiders bought in total about 45000 shares sub $13 in the open market. This is on top of the big buys made a few months ago.
For 2016 they are projecting $404 million of free cash flow / 166 million fully diluted shares = $2.50 per share. This is a screaming buy
Back in early November Directors and Officers bought about $4 million in the open market at $20 a share. Today at 1pm they are holding a investor day in N.Y.. Since they will be presenting updated info they are probably not able to buy shares until this info is made public. We will have to see.