I wish! I don't think BCE's market cap is high enough for VZ to be able to take advantage of an inversion. And telecom foreign ownership restrictions would prevent approval of a US takeover here in Canada anyway.
If FE was not facing the overhang from the risk of a negative outcome in the pending rate case decision of its subsidiary JCP&L later this year, I'd expect it to be moving up strongly now that the new higher PJM capacity auction rates are kicking in.
I should elaborate... I also hold CNI stock as a core (forever) portfolio position. In addition though, I have additional leverage via CNR.TO deep-ITM leaps call options. These are in a very profitable position right now. As you noted, CNI is relatively expensive on a historical basis, and I am not sure what to do with the leaps calls. As CP appears even more overextended, I was thinking to hedge the CNI calls with CP puts or simply sell some or all of these call options. If there is a correction, CP puts might actually more than offset any loss in the CNR.TO calls. The more I think about this though, the more I am leaning to just selling part of that long call position. Thanks for your comments.
FTC requested more information. This will likely add some delay to approval and closure of the deal.
@@@@@WINSTON-SALEM, N.C. and GREENSBORO, N.C., Aug. 29, 2014 /PRNewswire/ -- Reynolds American Inc. (RAI) and Lorillard, Inc. (LO) today announced that each company has received a request for additional information ("second request") from the Federal Trade Commission ("FTC") in connection with Reynolds American's pending acquisition of Lorillard and divestiture of select brands to Imperial Tobacco Group, PLC (IMT.L). The second request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act") and is a normal part of the regulatory review process.
What a joke to see all these BS posts on a HQ move 30 miles away. I laugh to think how many silly posts would appear on this practically dead message board if WY was to do an inversion takeover of a Canadian forestry company ala BKW-THI and move their HQ to Canada.
Demand for transportation of goods exceeds their line capacities. Aint that a #$%$....
@@@@@Aug 28 (Reuters) - U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low by the widespread bottlenecks on rail networks. The shift in how coal is being delivered to some power plants from mining regions such as Illinois Basin and comes amid persistent railroad delays that began during last year's severe North American winter. The delays have been perpetuated also by a surge in rail deliveries of crude oil and grain, leaving power producers such as FirstEnergy Corp scrambling for transport alternatives before winter sets in, potentially adding to costs.Although railroads are spending billions to bolster their shipping capacity for coal and other products, industry experts warn that those plans aren't moving fast enough to eliminate the risk of a second straight winter of gridlock on the tracks.
Maybe he'll get fired by the BOD for doing such a lousy job... after all he's been there what now... a whole 3 weeks? I mean seriously... how long can it take to fix this problem? Maybe CLF should institute an IO futures buying program instead of a share-buying program, and scoop up all this cheap IO via long-dated futures.
AAPL effect? Perhaps, but sales ramps in TV and Lighting will absolutely dwarf any incremental sales from an iWatch IMO.
PS: On the weekly chart, the stock is poised to break upward through the 200 period SMA currently at 35.09. The stock was last above that line back in late March
It's dead because the stock is probably close to fully valued at these levels. Do you see any upside to their forecasts? Cause that's what it's gonna take to move this stock from now on.
Why do you guys care so much about this stupid watch? Keep your eyes on the big picture.... TV's and Lighting. Everything else is noise compared to that.
It's not as simple as that, and I think he's referring to long-haul trucking since intermodal is geared at replacing long-haul transport. I did some searching for trucking stats with a breakdown in long vs. short haul trucking volumes but came up empty handed. If short-haul truck traffic is growing, then either total transport volume is growing or that intermodal+shorthaul is displacing long-haul or both. I don;t expect intermodal to fall except if the economy goes into recession.
I'm sticking it out. I still think a deal will be announced before end of the year. I am holding Jan expiry call options... not adding to my position though.