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TransMontaigne, Inc. (TMG) Message Board

buyandwin 57 posts  |  Last Activity: Feb 4, 2016 8:06 PM Member since: Jul 30, 2000
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  • Reply to

    Quarterly Distribution Increased

    by buyandwin Feb 3, 2016 5:43 PM
    buyandwin buyandwin Feb 4, 2016 8:06 PM Flag

    To get to $60--It will have to hit anew high every Dollar of the way there. If it goes to $60 in 5 years like you said---Then now at $19 is a low.

    b&w

  • Reply to

    Quarterly Distribution Increased

    by buyandwin Feb 3, 2016 5:43 PM
    buyandwin buyandwin Feb 4, 2016 8:02 PM Flag

    Why would you want it to go back down to $15? Thats a 21% drop. If you expect $60 in 5 years you better consider buying and stop wishing it goes down 21%. Probably if it does go down to $15-$16 you will wonder whats wrong and then say its going to $12. And wait. And pprobably watch it go up to $60 while you are waiting.

    Good Luck
    b&w

  • New increased distribution announced. Raised from $0.44 to $0.46. X-div 2/12/2016 and is payable on 2/29/2016

    b&w

  • Reply to

    HASI dropping with the market, but...

    by defilip1 Jan 20, 2016 10:10 AM
    buyandwin buyandwin Jan 29, 2016 2:38 PM Flag

    HASI announced yesterday that about 77% of the 2015 dividend was non-taxable. That means for every $1.00 in dividends you received in 2015 you only pay taxes on about $0.23. That is a wealth builder.
    b&w

  • buyandwin buyandwin Jan 21, 2016 3:09 PM Flag

    Mike: i used to believe they were honorable. But not for the last 2 or 3 years. Thats why I have slowly been reducing my position over that time. Only 23.1% to go.

    b&w

  • Reply to

    Lindsey upgraded,

    by arthaiss Jan 13, 2016 11:04 AM
    buyandwin buyandwin Jan 21, 2016 2:45 PM Flag

    So far, we have a promise of a plan somewhere in the near future. However we have no plan yet and we definetly don't have any money yet--

    And in case anyone hasn't noticed , recently the market has been collapsing , so I wouldn't really be expecting any spirited bidding for the ACAS assets if and when they ask for bids.

    b&w

  • Reply to

    stock price

    by cleaningout_55 Jan 20, 2016 10:54 PM
    buyandwin buyandwin Jan 21, 2016 2:38 PM Flag

    Any dividend they would have given us, would have been less money they could have put in their own pockets. And we all know now, how they voted on that.

    b&w

  • buyandwin buyandwin Jan 21, 2016 2:34 PM Flag

    Mike: They exist because we believe they are honorable. So unfortunately it's our own fault.

    b&w

  • Reply to

    Lindsey upgraded,

    by arthaiss Jan 13, 2016 11:04 AM
    buyandwin buyandwin Jan 21, 2016 2:30 PM Flag

    NMB you are starting to talk the same way I am.
    There are no valid reason except to line their own pockets. And I'm not whining--I'm just a realist.

    b&w

  • Reply to

    Lindsey upgraded,

    by arthaiss Jan 13, 2016 11:04 AM
    buyandwin buyandwin Jan 20, 2016 3:30 PM Flag

    Fox: It appears there might be someone here who agrees with me a little. And I have an answer for you. They can offer a potential new bean counter a piece of the $21 NAV thats still there. Unless he wants more. if he wants more, they can issue debt to cover any shortfall

    b&w

  • Reply to

    Lindsey upgraded,

    by arthaiss Jan 13, 2016 11:04 AM
    buyandwin buyandwin Jan 19, 2016 4:28 PM Flag

    NMB Even if we get the $21 NAV (which I am confident we won't) Management has unfairly enriched themselves by taking huge sums of money they weren't entitled to over the past 3 years.
    Thats my opinion based on the facts I know
    b&w

  • Reply to

    One surprise after another with the BoD

    by arthaiss Jan 16, 2016 8:35 AM
    buyandwin buyandwin Jan 19, 2016 8:05 AM Flag

    ++ ++That said, what is Elliot's angle?++++ The same as Malon's and ours===MONEY
    Elliot owns 10+% or 20-25M ACAS shares. Maybe he has a $1 or $2 profit now and is looking for another $2 or $3. That could be a $100M + Payday for him. Thats not too shabby in a short period of time. But for us to have dreams of NAV of $20 -$21 and a $1 or $2 annual dividend is not realistic. It should have been and could have been, but it wasn't. So far management has diverted the money into their pockets and not ours.
    Shame on us for standing idly by and letting it happen.

    b&w.

  • Reply to

    One surprise after another with the BoD

    by arthaiss Jan 16, 2016 8:35 AM
    buyandwin buyandwin Jan 18, 2016 9:34 PM Flag

    NMB: A number of fallacies that we are not even thinking about. Who is going to buy ACAS at 90% of NAV or higher from us when there are many many other BDC's out there selling at the same discount to NAV or even cheaper that ACAS. What Money Manager will want to buy ACAS assets at 90% of NAV when there are BILLIONS OF DOLLARS WORTH OF ENERGY ASSETS for virtually nothing in the current market. I might even be understating the case --THERE ARE PROBABLY $1 TRILLION or more available either now or sooner than we think. ACAS overstayed their welcome -NOBODY WILL PAY FULL VALUE FOR ANYTHING ANYMORE---- And thats why Malon and Co are now willing to sell ACAS. Well almost willing to sell. After they suck another 2 or 3 months inflated salaries and monetize every last option they can find. When they will be ready to sell--There will be nothing left to sell.

    b&w

  • Reply to

    One surprise after another with the BoD

    by arthaiss Jan 16, 2016 8:35 AM
    buyandwin buyandwin Jan 18, 2016 5:04 PM Flag

    NMB: I read your reply on the SA article on ACAS by Mark Zusy and I sensed the frustrations you must be going through.

    Malon and Co are gaming the system for the past 3 or 4 years and unfortunatelly we have not been able to stop them. They are smart-Very smart - To get ACAS out of the hole they were in in 2009 they had to be smart. Therefor it is easy to understand that the near death experience of ACAS opened their eyes to the riches they could take for themselves when everyone watching them were scared out of wits and did nothing to stop them. The $7M margin loan to Malon was the first act that required the BOD to clamp down and fire him. When there was no outcry the BOD started giving new options and stock at Sub $1 and still no outcry by the shareholders They all should have been fired. But instead they conned us into more options and higher salaries and bonuses. They waived the carrot in front of our eyes and told us how hard they were working on our behalf and we ate it up And noone said no, so they took more and
    more. Now the market is collapsing and they tell us they will sell out in the next few months at 90% or 100% of NAV.

    I'll believe it, when I see it--Meanwhile--Fool me once, SHAME ON YOU--Fool me twice--SHAME ON ME. ---We are past twice already.

    b&w

  • Reply to

    One surprise after another with the BoD

    by arthaiss Jan 16, 2016 8:35 AM
    buyandwin buyandwin Jan 17, 2016 12:21 PM Flag

    Actually they are signaling they want to suck up two more months of bloated income out of whatever proceeds there might be. Also it gives them 2 more months to think up a new change in srtrategy to perpetuate their jobs and cancel all thoughts of any deal that threatens their well being going forward

    b&w

  • buyandwin buyandwin Jan 14, 2016 6:37 AM Flag

    The shares were added to my accounts in the early evening at the expected discount price of $8.626..

    Next DNP event-- Jan 27 DNP goes X-Div $0.065 per share. To be Payable Feb 10 in cash or dripped at the discount price a few days later.
    A true wealth builder- A few more shares when market is down. A few less shares when market is up. Month after month for over 29 years.

    b&w

  • Reply to

    Jan Div.

    by texx2step Jan 13, 2016 2:46 PM
    buyandwin buyandwin Jan 13, 2016 5:32 PM Flag

    If you are receiving the cash is was paid on Jan 11. If you are dripping the dividends for the 5% discount it takes a few days more. The cash hit my accounts at 3;39 PM today and will be converted into discounted shares somewhere this evening and before the market opens tomorrow. The discounted price this month should be at $8.626 per share. The discounted shares are issued from The DNP Fund and many brokerage firms give it without a hassle. Some don't and they need to be prompted to set it up.

    Good luck
    b&w

  • Reply to

    Who would have thought

    by lenyw Jan 12, 2016 1:30 PM
    buyandwin buyandwin Jan 12, 2016 7:56 PM Flag

    This management team is NOT CONFUSED AND NOT DIRECTIONLESS.
    They know exactly where they are shoveling the money----AND IT AIN'T TOWARDS US.

    b&w

  • Reply to

    Maintaning perspective

    by quadruplemalt Jan 9, 2016 6:06 PM
    buyandwin buyandwin Jan 10, 2016 5:09 PM Flag

    When you cherry pick the starting day you can make anything look good. In early 2008 ACAS was selling in the mid $40's and paying a dividend of over $4.00 a year . So if you pick a date from before they still have not come back to anywhere near what it was for the shareholder. However they have done very well for themselves as they have sucked Hundreds of millions of dollars out to siphon into their pockets. They have strung us along for years No dividend -Then buy back shares-then stop buying shares --All the while taking more options-Then split the company into 3 parts--Take more options--Then delay-Take more options- then split into 2 parts--Take more options-- Then delay--Then take more options--Then Restart the Share Buy back--Then When an activist comes in and threatens to blow the whistle --Change the music INCREASE THE BUY BACK TO BUY MOUNTAINS OF SHARES TO MONETIZE ALL MANAGEMENT'S OPTIONS SO THEY COME OUT WHOLE AND WE ARE STILL SUCKING WIND

    By this time with an honorable management team we would have been back to our receiving our $4.00 a year in dividends for the past 3 or 4 years ($12 to $16 in our pockets) with a stock selling for over $40 and going strong.

    IMHO Management got much too greedy.

    b&w

  • Reply to

    MPLX-MWE Merger One Month Later

    by buyandwin Dec 31, 2015 7:02 PM
    buyandwin buyandwin Jan 9, 2016 10:00 AM Flag

    JPM: Good post.
    I said==Answer those question and similar ones you can think of and the answer could probably get clearer ideas on the future.=and you asked good questions.. And the markets are in panic mode because there is no clear answers at this time. Fear is everywhere so people sell--and sell--and sell-- However for every share/unit sold there is a buyer that buys it until the sellers stop selling it at lower prices and the buyers find they have to increase their bids if they wan to buy more. At that point in time the question becomes --Is MPLX still in business? Is ETE and ETP still in business?

    When we export NG big time and the price reaches $6-$7 The problems we worry about now will be long forgotten. We will be a little older hopefully with more money in the bank and we will be concentrating on the problems of $6-$7 NG prices.

    b&w