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ЕЛН Message Board

crapsguy000 12 posts  |  Last Activity: Jul 2, 2015 2:41 PM Member since: Mar 5, 2011
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  • crapsguy000 by crapsguy000 Jul 2, 2015 2:41 PM Flag

    I own this stock and fly Delta - 3 times over the past year I have booked flights with Delta - in each of these cases Delta cancelled one or more of my scheduled flights and bumped me back a few hours to another flight and/or rerouted me --- I do believe they are doing more than just making their flights more efficient as it has happened so consistently and usually months before the flight-- and I did check the original flights were cancelled. IMO these clowns are making a killing now with 1/2 price fuel and still trying to gouge their customers

  • Reply to

    You've got the dead cat bounce !

    by streetpush Jun 18, 2015 10:05 AM
    crapsguy000 crapsguy000 Jun 18, 2015 10:46 AM Flag

    looking alot like 60s to me... I bet we see 60.50 tomorrow.

    Sentiment: Buy

  • Reply to

    Earnings estimates...

    by hrosenldgt56a Apr 8, 2015 3:51 PM
    crapsguy000 crapsguy000 Apr 11, 2015 1:05 PM Flag

    wish I knew -- sum of the two should be better than the two parts
    have not seen/heard anything about a dividend for the new IGT so that would add consideribley to the bottom line + efficiencies from the combination
    IMO- things will be moving up as they start reporting info

    Sentiment: Buy

  • crapsguy000 crapsguy000 Apr 10, 2015 10:01 AM Flag

    I doubt you actually lost money on the transaction - could be your brokerage's acctg
    Im certain I had a nice gain on the same transaction - even for shares bought on 4/6
    my fidelity acct shows a cost basis of 20.19 for the new shares - which seems too high to me

    I bought more today as I believe there will be nice synergies from this combination

    Sentiment: Buy

  • Reply to

    2015 Tax Impact

    by cathyleeg Apr 8, 2015 10:47 PM
    crapsguy000 crapsguy000 Apr 10, 2015 9:31 AM Flag

    my fidelity acct now shows a cost basis of 20.19 - scottrade still shows -0-

    Im thinkin neither of these accts will show a 2015 gain on this transaction

    when I sell the shares in my scottrade acct I will need to provide a cost basis for taxes

  • Reply to

    2015 Tax Impact

    by cathyleeg Apr 8, 2015 10:47 PM
    crapsguy000 crapsguy000 Apr 9, 2015 10:12 AM Flag

    same here - wondering if it will be reported as paying us 14.3396/sh for our old IGT and -0- cost basis on our new IGT.. seems like there should be a cost basis of the diff in 4/6 sp 17.70 and 14.3396 ????
    hopefully someone can figure this out for tax planning

  • Reply to

    My account still has original shares??!!

    by la_chicago_boy Apr 7, 2015 9:41 AM
    crapsguy000 crapsguy000 Apr 8, 2015 9:35 AM Flag

    my scottrade acct handled everything Tues am - new shares - pd off margin, etc, etc

    had same buys in fidelity acct and they are still dragging the process out - have seen
    same before - fidelity likes to skim all the margin they can out of a deal so they drag
    any margin process out to the max

  • crapsguy000 by crapsguy000 Apr 7, 2015 10:12 AM Flag

    does anyone have an idea of tax reporting by brokerages on this transaction??
    will the cash be reported as proceeds on a sale of your igt ? and what value given to the new IGT shares??
    just curious....

  • Reply to

    My account still has original shares??!!

    by la_chicago_boy Apr 7, 2015 9:41 AM
    crapsguy000 crapsguy000 Apr 7, 2015 9:57 AM Flag

    Relax -- your original shares are GONE as you knew they would be
    you did good on this deal - don't sell anything

  • Reply to

    final results

    by crapsguy000 Apr 2, 2015 6:01 PM
    crapsguy000 crapsguy000 Apr 6, 2015 4:21 PM Flag

    there are many funds that hold S&P socks, etc that have to shed their positions in a deal like this --- and some just don't trust their hard earned money in EU companies

    lookin forward to tomorrow

  • Reply to

    final results

    by crapsguy000 Apr 2, 2015 6:01 PM
    crapsguy000 crapsguy000 Apr 6, 2015 3:04 PM Flag

    so - your cost for the 181sh of newco is about $3330 - right?
    if newco opens where gteck closed =$22.36USD [see GTKYY ]
    your 181 newco shares will be worth $4047 tomorrow

    I don't think the avg igt price used in the calc has anything to do with the newco price
    gteck shares will convert directly 1-1 to newco

    Im just thinkin

  • Reply to

    final results

    by crapsguy000 Apr 2, 2015 6:01 PM
    crapsguy000 crapsguy000 Apr 6, 2015 1:11 PM Flag

    this may be the reason for the big volume in igt and GTK Friday
    someone correct me if I am wrong:

    Say you bought 550sh igt Friday @ $17.77 = cost $8885
    you get 550x$14.3396 = $7169 cash
    you also get 550 x .1819 = 100sh NEWIGT

    net cost $8885 - $7169 = $1715 for the 100sh of NEWIGT

    IF GTK converts to NEWIGT at Fridaay close of $21.15
    you made $4.00/sh over the weekend on your new share purchase???

    IF GTK/IGT goes up on the 7th you do even better
    IF it goes down you don't do as well

    Im thinkin it will hold or rise.......

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