parent_of_dummies........I don't think you "get" much of anything.
AGAIN- since your an idiot, what does YOUR latest comment have that concerns SWHC??? Sounds like a lib double standard.....does it not "dummy".
@parent_of_dummies ---- What do YOUR comments have to do with SWHC???
Once again, your personal attacks are fine? At best your a dumb, lib, hypocrite. Congrats!
Note: IF you can follow the message, I was responding to a LIB comment. One that you probably approved?
That is of course true. Also the third option (already used) is to make smart, timely acquisitions. Recent activity appears to be on target.
Hmm - and with Obozo leading, income disparity has only been worse. Worst recovery in history & 10 trillion in new debt by the time he is gone. Congrats - we love the taxes, regulations, and the IRS targeting US citizens....a socialist dream that sends jobs elsewhere. At least this election, with Hillary possiblt finally going to jail, Bernie Saunders at least ADMITS he is a socialist! Libs love him! Why work, everything is free & everyone can retire at 40, just vote for it!
@marjun "Am I missing some thing?" Truly no offense, but you keep reading yesterday's newspaper. The world has changed significantly since the original offer. The people that are buying are doing so because the price has gone down and the future looks good at these prices. I agree.
It appears that a base has been established at about $17. THAT is good if your a long.
Catalysts for price improvement:
- continued buyback on weakness
- military contract
- Earnings beat
- Improved guidance
OK - your wrong...
Just think..the stock is at about $55. If YOU were going to get a total value of round $78 in a few months, don't you think buyers would arrive??
That value was on the day of the announcement. Share price of mplx x 1.09 + assumption of debt, + special distribution.
It appeared to me you were showing upside.... There is no upside as the stock price already shows the special divy and additional share count of 1.09.
We in essence are trading as if the deal happened..
trevor - holding shares means nothing. You have to look at the qualifiers for "recognized losses". As I recall there were 5 buckets of value. Depending on when you bought, sold, or held & depending on the prices you bought and sold....your shares would fall into a "bucket". The least was 0, and the most was .78. If you bought at different times at different prices, every transaction could be assigned a different "recognized loss".
Mine had about 15 different transactions in two accounts. I did the math, then got their recognized loss value in the mail. One acct was close, but th other was WAY off. Unfortunately anyone you get on the phone will not explain because they did not do the math. They just see a number.
AFTER double checking my math I sent my calculations certified mail & asked in writing if the person who DID the math would kindly call and explain what I did wrong. (Note the buckets can be confusing)
I did get a call, I was right, and they sent me an e-mail to confirm.
According to the docs I just read and my most recent call, NO NEW CLAIMS ARE ALLOWED...PERIOD. However if you did submit in time and show where they were wrong, I think you could still get credit.
I also believe the other people posting are accurate in that it appears we will get in the area of 38% of our confirmed "recognized loss".
buyandwin - agree with your math except for the 9% for the share exchange. If I take yesterdaysclosing price on mplx ( 47.49 ) x 1.09 = $51.76. This is less than 55.07, the closing price of MWE. Now I add in the 3.37 ( + 51.76 ) = 55.13.
55.13 is very close to 55.07 - so they are trading at parity????
As a lawyer would say....it depends.
If at the earnings they mention that they got the military business...up 60 70%! Otherwise I predict 18 by years end.
trevor - I recommend YOU look at the exact classes the shares fall under & do your own calculations. I did, months ago & they were wrong in how they calculated. I sent proof & they confirmed I was right and e-mailed that confirmation.
DrJ - Best comment in a long time on this site!
- Their assets: global footprint, first to market, patents, efficient plant, margins.
- Their liabilities: CEO, marketing team (beyond horrible), reputation, lack of clear direction and focus.
ALL trends indicate they are in the right place at the right time.
- Green issues - elimination of cans & bottles - HUGE
- Health issues - trends away from sugar increasing - HUGE
- Category size - Numerous ways to measure - all HUGE
If only they could get out of their own way.
Dan peaked with his showdown with Coke with the cans... Arrogance? Ignorance? Or Both?
The key as I see it is that Semple doesn't want just a sale. His basis value is what? He would take a HUGE tax haircut. Therefore he likes the non-tax aspect of this.
With the drop downs and synergies he sees a FAST growing, stronger company with huge financial backing.
Wouldn't it also be somewhat of a hedge? As oil goes down Marathon's profits soar. It s after all the price drop in oil that caused MWE to go from $80 to less than $60. Rightly or wrongly.
The ONE thing they could have done is FIX the value of MPLX shares. If the price of MPLX shares go down (as today), MWE wshareholders would get more shares.
I like your logic.....but at the moment the market disagrees.
Also the lawyers are already lining up. Not usually the case when a "proposed" 32% premium is considered.