You heard it here first.
Oops, it's cash.
google "SIX Swiss Exchange ABB" for quotes.
I thought ABB stock might drop on the news even though 1 billion is just 2% of the market value of ABB, but it didn't.
ABB is a good long-term blue-chip bet on global economic recovery, similar to Siemens (SI). But the stock is unlikely to move much in the next year or so.
Sounds like it's an equity deal (merger), so we theoretically get $6.35 of ABB stock. But watch what happens to ABB stock, it might tank.
Dividend withholding is 15% not 30% if your US broker has done the paperwork (like TDAmeritrade).
It's discussed in the Micron presentation to Goldman Sachs Technology conference this month. Look at "investor calendar" on the company's website, investor relations page, scroll down to "archived events".
The two problems with all the miners now are rising expenses and political risk. If these are not figured in, the "ratio" is not meaningful. Still, I see a case for buying out-of-favor miners at these prices and have recently bought some shares in AU and ABX.
Sentiment: Buy
Frog, I'll settle for half of 60. By the way, thanx a lot for reminding me about Indiplon! More seriously, thanks for all the good posts.
I had my finger on the sell button last week when it ran up just before earnings. Last time it ran up like that before earnings I sold 40% at just under 10 and that looked good when it went down to beachbarbob's six-fiddy. This time I hesitated and held on to my remaining shares.
I think there will be a big move in 2013, one way or the other (a new partnership, a buyout, or another bust).
Sentiment: Buy
Close the gap to 60?
If you're a US citizen and your shares are in a taxable account (not an IRA etc.), you can recover the foreign tax paid as a credit on your US taxes ("foreign tax credit"). I've read that Germany refunds withholding taxes on stocks in IRAs but I haven't verified that.
Sentiment: Buy
...Detroit auto show.
This is a French company. Yahoo doesn't include European analysts who cover the stock, who are numerous. Nobody should buy this stock without doing their own DD and learning about French taxes applied to the ADRs (on transactions and especially dividends).
Sentiment: Buy
still below 80% of tangible BV. No reason to sell given modest hardening of market.
Sentiment: Buy
Le Monde today on "rumeurs en serie sur la future direction d'Orange"
Looked all over for a new stock, couldn't find anything better than TOT, so I've added to my holding today. A good solid company, stock has been soft largely because of domestic French issues that won't last and in any event don't affect non-French investors.
Sentiment: Buy
He's referring to Citi's price target for MU ($10).
...for about 100% of tangible BV in cash and stock, now down to about 90% as the acquirer's stock drops today. Most of the massively sub-BV reinsurance stocks bumped up in sympathy. A sustainable sector repricing? A spate of M&A in Bermuda, at last? Maybe a bit of a premium for AHL, since its US insurance has started to pay off?
Sentiment: Buy
The problem with putting high-dividend foreign stocks in an IRA is that you can't recover the "foreign tax paid" (i.e. to Brazil) as a tax credit. So you get the dividend minus the foreign tax paid, and eventually when you start withdrawing funds from the IRA you'll pay regular income taxes on whatever amount you withdraw including accumulated dividends. As long as the dividend tax in taxable accounts is only 15% (on any stock listed on a US exchange), it might be better to hold high-dividend foreign stocks in a taxable account. But if the dividend tax goes up sharply, all bets are off.
Sentiment: Buy
At least "Frank Burns" will make a nice tombstone epitaph.
Obviously some arbs don't think the deal will go through. I will hold my shares, discount is too wide to cash out now. I'll be very happy with $13.50.
Sentiment: Buy