Does anyone want to speculate what NG prices will look like once exports are online?
It was pretty obvious that someone was manipulating the stock somehow. The only question was who... Now that is answered, and yet they slap a $22 price target on the stock after throwing as much negativity on it, just to cover themselves.
Taken from Sharebuilder's web site:
"We reinvest dividends from stocks and ETFs on the payable date at the previous business day’s closing price. "
Potentially... Looks like CSAL gets added to the S&P 400 index June 1st from what I understand. It looks like WIN was just deleted due to its market cap, which could be the reason it is down today.
20% ownership of CSAL stock and right now WIndstream is basically selling for nothing. lol... How does the market come up with this stuff?
It would seem that the market has stabilized for WIN at the moment, but CSAL has really taken a beatdown. My guess is that the market does not understand the business of CSAL yet, and all the funds that don't want a REIT are selling their shares. A lot of long term investors are taking it hard...
I have been involved in several spinoff stocks, and often times it is better to wait it out until after the distribution is made, because the original investors never wanted the spun off company to begin with.
Things will eventually settle. These spinoffs can be the most rewarding investments.
CSAL and WIN are in this together - without one they both crumble. Thus, management at CSAL has to acquire some more assets and grow its way out of its problem.
Selling at 8.8 X FFO with a yield at 9%... Read the entire prospectus last night - I'll take the company. Sell it all to me at this price please.