My dividend payment for the preferred D showed up this morning.
Just thought I would throw it out there, since the confusion appeared at a high level for the April payment earlier in the week.
Guess we wait and see how the capital raise goes for the future. I hope we will see something develop in the next couple of weeks, so they can declare the May payment and put this to rest.
Kind of like the stock action. Yes the price down and will certainly take a hit, but looking at Level II there are 100 shares offered at $3.54, another 100 at $3.64 and the next ask is 2500 at $3.90.
Good points about Cameron and Kessler has been through this already himself.
One other point to support the deal going through in the not to distant future IMO is Imperial hiring more execs Friday.
It just popped up on yahoo and when I googled it, thought I would throw it out there when it looked like it popped up late on Friday night and some might not have seen it. Was not aware of the flip flop, so I will know to take The Post with a grain of sale when I see stuff from them in the future.
Hope you are right about the deal closing. I sold enough LO to take my profits out after Blu sales dropped, just in case, but let the rest and all my RAI ride.
GLTU and all the longs in both companies as well.
It pops up in google about the fourth or fifth story down from the N Y Post and apparently came out last night.
ftc to approve reynolds and Lorillard
Here is part of the text.
Big Tobacco can breathe easy.
The Federal Trade Commission is expected to approve Reynolds American’s $27 billion purchase of Lorillard by a vote of four to one, despite the objections of some agency staff, The Post has learned.
The deal will combine the second- and third-largest cigarette makers, and two of the three most popular brands among young adults, Newport and Camel.
Regulatory approval will clear the way for a three-way transaction that will reshape the tobacco industry. Reynolds and Lorillard also agreed to sell five brands for $7 billion to Imperial.
While there was some skepticism the FTC would approve the deal, the companies argued that the sale of Winston, Kool and other smaller brands would build Imperial into a strong No. 3 player.
Imperial, which has little presence in the US, also persuaded regulators that it can build its business here based on its success overseas, a source said.
While antitrust officials have looked askance at other mega-mergers in the cable and food industries, tobacco is an already tightly controlled industry that generates huge tax revenue.
Really tired of it, though I must admit when the talking heads try to make it matter more than it does, it has made for some nice buying opportunities of trading shares.
US gov't shut down talk is also tiresome, but provides for nice trades.
Of course I guess there will come a time Greece defaults or the U S gov't does shut down and people will realize neither one of them matters and the easy trades will be lost.
I could not find an earning date on the company website.
Not saying the info is wrong, but I tend to listen to the company over yahoo.
Did I say it was? Didn't think so.
The discussion was companies buying back shares were struggling and not poised for growth.
I will say, am happy with my 147% gain on dd since July 09 (excluding dividends, which I very much enjoyed spending), so forgive me if I am not in the hang Ellen camp, but as you can see, I like the way she has handled my invested dollars to this point, even though I really have no problem with Peltz throwing in some ideas, I am not yet ready for the company to be totally disrupted. Of course as you can see, I have some fairly selfish reasons.
To address your point, I am also quite pleased with my 107% gain on Apple since Jan 12 (also excluding dividends which I also enjoyed spending), but I will agree Apple at the present moment seems to be growing more quickly and likely will for a long time, but one must remember Apple stayed a little dormant then began buying back stock and paying dividends, so yeah I like Tim Cook also.
Of course investors like myself look at such things differently than traders (I do a little of that also), so I probably have much more patience with CEOs that have returned me profits.
You want to tell Tim Cook at Apple that buying back shares is a sign of a company struggling and not poised for growth?
Of the shares reported to FINRA
Friday 65% were sold short
Today 21% were sold short
All the shares do not get reported, so how useful the information is I can not say, but there are the numbers for the reported ones.
Because she could.
Not to mention the fact she still has 463K shares (but you knew that of course) and the shares she sold were from options that would have expired in 16 and 17 (but you knew that also).
I checked a couple of charts and the 50 is above the 200 (but not by a lot) and it did not cross that long ago. I suspect the news Friday scared the short side, with them fearing this could get away from them, thus it had to be held in check.
Bought back my trading shares sold in PM this morning just now at $7.50 and sold my May $8 naked puts for more long term shares if the price does not rebound. Off to the golf course.
GLTA the longs as the day goes on, and watch the $8 May calls, that seems to be the active one. They would be buying those, as they short this down to try and control the damage, IMO anyway, but what do I know.
Let's hope they are not successful with the lid, at any rate, this could be the type news that gets a little interest from some tutes. They only own about 38% and with so few shares around someone taking even a 5% stake in would be plenty to put more pressure on shorty.
GLTU and all
guess the hit pieces just got explained, along with the little run up into the news.
Let's see what happens with the options this morning when the market opens, but regardless there are not enough of them outstanding to hedge 2 million shares.
I will not defend Ahn, but that was then, this is now.
Ask Adam F how QCOR worked out for him. His handler got his backside waxed nicely on that one while Adam F called for it to go to zero. Some of the longs from those days held their MNK shares when they bought out QCOR for cash and stock, so you can confirm the facts over there.
847,510 sold short of reported volume of 2,645,340. Let's call it 32% for easy math, and roughly 22% yesterday.
That is high, but actually not as high as I would have thought to hold the price down. It takes a certain amount of shorting to control the price as they cover and they simply try to net out of the position, if that is what is going on.
Thanks for the reply.
Just trying to figure a logical way this many shares could change hands in one day, without moving the price up or down a dime. I know the computers can work wonders, but retail investors are not doing this.
Only other explanation I can think of is someone shorting to a short covering or someone starting a position.
Time will tell I guess
Just a guess and we will have to wait until the April 15 short interest report comes out, but if a short wanted to cover could they have not bought up a pile of the shares from the secondary in one account and simply sell them back to the account where they had them shorted?
I believe the strike on the secondary was around $1.47 with the warrants exercise price of $2.02 (correct my memory if I am wrong). Would be a heck of a way to cover and even maybe go long. I know a lot of shorts play the game of shorting and buying up secondary shares in start up companies, just not sure of how the mechanics of it works.
The release this morning certainly got shorty's attention it would seem.
I really did not want to add right now, but what the heck, I hit his ask at $1.42 for a ten percent add to my position.