Hedge funds don't need to keep the price down. The merger with Pfizer will do the trick. Pfizer is down about 22% over the last 15 years. AGN will now be part of that long drag down. So when you say "they can't keep AGN down", please know Pfizer surely can and will, its a mathematical certainty.
How do you go wrong? Well if Pfizer price per share drops faster than AGN's, like exactly what is happening today, by the time this closes, AGN will only be worth $304. Then after closing, Pfizer price per share will stay flat for many years (PFE was $41 15 years ago, now $32. You'll never make money with PFE like we have with AGN ) At $304, this is dead money for as far as the eye can see. Sorry, but don't shoot the messenger.
Likely down because AGN has been a great investment over the years, whereas I bought Pfizer 15 years ago at $41 and it currently trades in low $30's, yes thats without splits. In other words, not many people want to own Pfizer. As an investment, its a loser.
lawyerli…..I also hold a good chunk of MLP's. I am also familiar with MR. Nelson. As much as I don't like it, the fact is, Mr. Nelson has been spot on accurate. His reports are detailed, clear, easy to understand and best of all, he accurately states what will happen going forward, not just talking about things in the rear view mirror. I don't ever want to be so stubborn as to not want to consider someone else's opinion.
Crashing at unprecedented speed. Billions & billions lost on the great news about how we're going to make billions & billions on this deal. Didn't Kelcy buy like 64 million dollars of this at $64 pre-split just a few months ago? For someone that people think is so smart, boy that was dumb.
No pipe line blow up, just MLP's blowing up. Don't chase the yield. A 50% price collapse is not worth the distribution
popakeg….Great move with the real estate. My real estate has bailed out my stocks at least 5 times in the past 15 years. My stocks have never bailed out my real estate. For all the articles written about how stocks outperform real estate, I can only say that in the real world, real estate is a far better investment.
ETE never offered $64 per share. They offered shares of ETE. At that time, ETE was higher and it translated to $64/share. ETE may sweeten their previous offer, but at todays price per share, it will translate to less than $64/share. Not shire if you can comprehend this??
I don't really understand TRC Capitals need to make such an offer. The tiny 3 million share quantity equals less than 10% of an average days trading volume. Their offer price is within pennies of the current open market price. With the markets worst months just ahead, why does TRC need T's blessing when they can just buy as much as they want on the open market with their offer price being weeks, if not days away???
Don't keep looking back & kicking yourself for not buying at $70. In short order this will rise past $90 & you'll be kicking yourself for not buying at $80. The low has been set, this ship is leaving port. Last chance…"All Aboard".