Re-investing Divis commission free is not new, all brokers will do it. Some make the accounting easy, some not so much. In fact, some companies have arrangements with a limited number of brokers that even give you a DISCOUNT on the PPS of a point or two when re-investing - that is a true Drip Program. I haven't seen that anybody is offering that for LNCO.
Now, the twist you mention; "Dividends will be put in a pool... and you can invest them in any stock you want FREE" - that is news. How long can you hold funds in that pool and do they still garner interest as cash? I can see rolling up 10's of thousands in such a pool and using it to take up whole new positions, not re-invest them at all, and save commissions. Nice, because you could build a new position in small, incremental lots without inflating your cost basis with fees.
The way I understand LINE's purchase of Berry Petrolium is that Berry stock holders will be paid in LNCO shates. If this is correct where is this LNCO stock comming from? Is it a new issue and thus dilutive? That would explain the extended drop in PPS. LINCO has been hit much harder than LINE. Maybe I misunderstand the whole thing.
I myself am an innocent victim of this injustice. While MFA is still my largest holding I sold 6K shares in the past 2 qtrs on fear of falling distributions. Had they not made the error distributions, and the pps for that matter, would have been greater. As I see it, 6000 shares at $.30 per share (the amount over the normal $.20) means current stock holders owe me $1,800. So, if you guys on this board will just chip in a little bit each we can settle up right now. In fact I'll settle for $1,500 - how's that for a $300 discount up front! Of course there is the emotional trauma that I have suffered, but that's a separate case that we can deal with later.
I WANT EVERYTHING THAT I HAVE COMMING AND I WANT IT NOW! Wha, Wha, Wha!
I don't know exactly where I will put all the cash that you will be sending me just yet. Anybody have any suggestions as to what I can do with it?
Story under "News" tells of a special $.50 divi this qtr. if I am readinig it right. Sounds good. Is this in addition to the normal divi? I am thinking not. But it still sounds good. Early 1.5% bump on very high volume has vanished. What gives?
BBC is reporting horsemeat DNA has been found in Taco Bell products in UK. Lots of European stories about horsemeat found in popular products all over the place. This is the first American company that I have seen implicated. It's up on Drudge so it will be in the media here soon. Let's hope the problem is contained to overseas operations. Could be a real downer on YUM. How important is Taco Bell to YUM? I do not know, but I would think plenty. Wierd story....