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Apple Inc. (AAPL) Message Board

danashenfelter 23 posts  |  Last Activity: Apr 10, 2014 10:57 AM Member since: May 3, 2010
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  • Reply to

    Sold Today

    by danashenfelter Apr 9, 2014 4:18 PM
    danashenfelter danashenfelter Apr 10, 2014 10:57 AM Flag

    No, I'm a MEG retiree and I trade MEG stock in my 401K a few times per year. They only allow trading in the 401K once per month so I try to look for good entry points. The reason it went up yesterday is because Wells Fargo upgraded a few broadcast stocks and made positive statements about the FTC regulations.

  • danashenfelter by danashenfelter Apr 9, 2014 4:18 PM Flag

    $17.41 per share x 4,000 shares (paid $15.89) = $6,080 profit in 48 hours!

  • Reply to

    Pls Advise!

    by spoonfork251 Apr 7, 2014 1:25 PM
    danashenfelter danashenfelter Apr 7, 2014 11:35 PM Flag

    Be careful about buying at the open without a limit order. The MEG market maker has a tendency to run up the price at the open with market orders. You can get hosed in a heartbeat and wonder what happened! I took the chance today but it is also the "catching a falling knife" scenario. Good luck with whatever you choose to do.

  • Reply to

    Pls Advise!

    by spoonfork251 Apr 7, 2014 1:25 PM
    danashenfelter danashenfelter Apr 7, 2014 4:31 PM Flag

    4,000 shares bought at $15.89.

  • Reply to

    Pls Advise!

    by spoonfork251 Apr 7, 2014 1:25 PM
    danashenfelter danashenfelter Apr 7, 2014 3:53 PM Flag

    I'm pulling the trigger right now.

  • Reply to

    Oh Baby!

    by value_invstr Mar 21, 2014 8:12 AM
    danashenfelter danashenfelter Apr 4, 2014 1:00 AM Flag

    You see, I told you it is worth $17.65 but people continue to pay more and then it seeks it proper current level. I will never understand why people are willing to pay close to $19.00 per share until the merger is finalized. If it drops to $16.00, there is money to be made on a short term trade as it will go back to the $17.65 area.

  • danashenfelter by danashenfelter Mar 22, 2014 1:56 AM Flag

    Acquisition of LIN Media LLC by Media General, Inc. May Not Be in LIN Media Shareholders' Best Interests
    PR Newswire
    Robbins Arroyo LLP 6 hours ago

    SAN DIEGO and PROVIDENCE, R.I., March 21, 2014 /PRNewswire/ -- Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of LIN Media LLC (LIN) by Media General, Inc. (MEG). On March 21, 2014, the companies announced the signing of a definitive merger agreement pursuant to which LIN Media shareholders will receive, $27.82 in cash or 1.5762 shares of the new holding company for each share of LIN Media stock. Based on Media General's closing price of $17.34 on March 20, 2014, LIN Media shareholders will receive $27.33 in stock if that consideration type is chosen.
    Robbins Arroyo LLP.

    Is the Proposed Merger Best for LIN Media and Its Shareholders?

    Robbins Arroyo LLP's investigation focuses on whether the board of directors at LIN Media is undertaking a fair process to obtain maximum value and adequately compensate LIN Media shareholders.

    As an initial matter, the $27.82 merger consideration represents a premium to shareholders of 29.5% based on LIN Media's closing price on March 20, 2014. This one day premium is significantly below the median one day premium of over 90.48% for comparable transactions in the last three years. Further, prior to the announcement of the merger, an analyst at Wedbush Securities, Inc. set a target price of $32.00 on February 7, 2014. Moreover, LIN Media has traded above the offer price as recently as January 9, 2014, reaching a high of $29.24.

    In addition, on February 6, 2014, LIN Media released its financial results for the fourth quarter and full year 2013, reporting strong increases in net revenues, local revenues, and interactive revenues. Specifically, LIN Media reported annual revenues of $652.4 million, an 18% increase compared to 2012. In addition, the company reported a 35% increase in local revenues and an 85% increase in interactive revenues. LIN Media also reported that the company's core local and national time sales increased 9% in the fourth quarter and 24% for the full year, compared to 2012, while it expanded local news at 11 television stations.

    In announcing the company's result, LIN Media's President, and Chief Executive Officer, Vincent L. Sadusky, stated, "Significant growth of our digital media business and pay TV subscriber fees helped offset comparisons to the prior year when we earned record political revenues. Excluding political revenues, we increased net revenues by 20% in the fourth quarter and 35% for the full year. Looking ahead, we are confident in the evolution of our company and our ability to capitalize on our recent acquisitions."

    Given these facts, Robbins Arroyo LLP is examining the LIN Media board of directors' decision to sell the company to Media General now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.

    LIN Media shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information. LIN Media shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

    Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

  • Reply to

    Oh Baby!

    by value_invstr Mar 21, 2014 8:12 AM
    danashenfelter danashenfelter Mar 21, 2014 6:36 PM Flag

    Glad to hear you made it out alive! It must have been getting a little scary for awhile.

  • Reply to

    Oh Baby!

    by value_invstr Mar 21, 2014 8:12 AM
    danashenfelter danashenfelter Mar 21, 2014 3:53 PM Flag

    If I'm figuring this right, LIN shareholders will receive $27.82 in cash or 1.5762 MEG shares valued at $17.65 per share. So, why would people this morning pay as high as $19.69 per share when it's worth $17.65?

  • Reply to

    Lookin' Up

    by danashenfelter Feb 28, 2014 10:09 AM
    danashenfelter danashenfelter Mar 11, 2014 1:20 AM Flag

    I remember $72 full well. I believe that occurred in the spring of 2004. I worked for MEG from 1973 and retired in 2009. btw... Mario Gabelli owned many shares from $72 all the way down to just over $1. Therefore, I have NO respect for his opinion. I believe this stock could go down to $12 or $13 but I may buy back in around $15 looking for a bounce. This is an election year so, there should be an upswing in the price at some point because of political revenue. Question is, when and for how long.

  • Reply to

    Lookin' Up

    by danashenfelter Feb 28, 2014 10:09 AM
    danashenfelter danashenfelter Mar 3, 2014 12:02 AM Flag

    Be very careful about that. It may dip more than you think.

  • Reply to

    head and shoulders

    by surelyyougest Feb 28, 2014 11:13 AM
    danashenfelter danashenfelter Mar 2, 2014 10:00 PM Flag

    Don't be so quick to think Tradester a fool. If there is a major market sell off that may happen in March, MEG may very well go down to $12 or $13. A few up days doesn't make a trend. I happen to agree with Tradester so don't get too euphoric! It's all an educated guess anyway and I can see the head and shoulders scenario very possibly happen. If it goes to $12 or $13, I will be loading up again.

  • danashenfelter by danashenfelter Feb 28, 2014 4:17 PM Flag

    I sold my remaining 2900 shares today for $18.97. Including the 2100 shares I sold a few days ago for $17.18, my total profit is $5200. There may be more upside but I couldn't resist taking that profit. It sure was a wild ride though!

  • danashenfelter by danashenfelter Feb 28, 2014 10:09 AM Flag

    Anyone happy to own MEG today except me, spoonfork, herriges and value?

  • danashenfelter danashenfelter Feb 27, 2014 3:57 PM Flag

    I didn't expect the selloff this morning as I thought the report was pretty decent. I still have 2900 shares at a break even of $17.20. I think they will finally show a profit on the next report. 2014 should be a good year, so I will probably hold for a little while.

  • Reply to

    Looks like a head and shoulders chart pattern.

    by trade_ster Feb 19, 2014 3:16 PM
    danashenfelter danashenfelter Feb 20, 2014 4:16 PM Flag

    It is interesting because it went up $1.08 today on average volume. We'll see if there is any follow through tomorrow. I don't think it's gained 2 days in a row since the drop from 23.

  • Reply to

    I don't see a floor.

    by trade_ster Feb 11, 2014 4:01 PM
    danashenfelter danashenfelter Feb 20, 2014 4:10 PM Flag

    I sold 2100 shares today @ $17.18. I still have 2900 shares remaining.

  • Reply to

    I don't see a floor.

    by trade_ster Feb 11, 2014 4:01 PM
    danashenfelter danashenfelter Feb 13, 2014 10:22 AM Flag

    I hope you are wrong. I bought another 3,000 shares on Tuesday for $16.00 each.

  • Reply to

    Anyone Know The Date Of Earnings Report?

    by danashenfelter Jan 29, 2014 2:37 PM
    danashenfelter danashenfelter Jan 30, 2014 4:03 PM Flag

    It's still a mystery! They really communicate well with their investors don't they? lol

  • The last one was Thursday, October 31. The date is not mentioned on the company website.

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