Taxes key part why the merger is taking place. Pooling resources will make companies much stronger.
As the announcement gains momentum investors are more jubilant. Everyone saying even after the gains pre-market that the stocks are CHEAP as a combined entity. TODAY'S ANNOUNCEMENT IS HUGE!
There will be about $3 BILLION in synergies; announcement will be tomorrow morning. Both companies and activists pleased. No regulatory issues. Even with the price gains today the combined companies still look CHEAP. Market caps same for both companies. There will be job cuts. More to come....
Stif, you really are pompous. You have NO idea how many shares I have. I will tell you it is SIGNIFICANT and would place a HUGE bet that it is multiples what you have. Now, go back to your cave and have a nice day (after you get out of the bathroom, of course).....
BLOOMBERG all over the story. Street loves this merger. Talking about other companies worldwide
that will have to act. This industry will get huge lift today and forward. Love the idea about splitting up the companies once merger is realized. Lot more synergies thus creating more shareholder value. Huge implication going forward. There sure will be a lot of enthusiasm on the buy side. Many folks will be entering stock at ALL TIME HIGHS just to realize even more gains off that level.
Sentiment: Strong Buy
This pompous guy constantly pumps he is the 'sharpest knife in the drawer'. And he just voiced this yesterday. Once this 'revelation' is voiced look what happens -- DOW to hit ALL TIME HIGH today. He's out at $51 and misses this huge advance today AND if he were in it he would probably be selling. Therefore, his 100 SHARES would have gotten him an additional few hundred dollars. For me, my GAIN will be quite significant. I'm lucky I am in this stock at just $6.09 back in early '09 and with dividends cutting that entry price drastically. This has been a VERY ENJOYABLE RIDE! I wonder if STIF can say that?????????????????? So, LONGS enjoy this day and 'try' to have a little 'sympathy' for STIF who is in the bathroom blowing it out and swallowing his PRIDE!
Steve Wynn buys back cover $60+ MILLION in stock with the last few trading days. What will ADELSON do now? Like Steve, Adelson is the largest individual shareholder in the company. And his NET WORTH is much greater than Steve. Adelson buys back close to $1 billion back in early '09 after the collapse of the stock during the financial crisis. And he made a fortune on it. Let's see what happens. Wouldn't want to be short the stock.
And CNBC just reported it. Looks like a good day tomorrow for Macau related casino stocks. Positive reflection there. Steve is a winner! Puts his money where his mouth is!
AMZN if it cools off some and either/both WYNN or LVS....LVS announced another increase in their dividend to $2.88 per share beginning in 2016 and they were not paying one just a few years ago.
They are the 'best of breed'. When Macau settles down wait for an explosive upward move.
Bought this for $2.43 back in early '09 explodes to $88 per share and has sold off due to Macau.
But my dividend alone has MORE THAN paid for my position x3 over the 6 year period and enjoying an incredible divi.
My largest position and just getting larger. Great BUYING opportunity IF you have a long term perspective.
And I could care LESS what these MORONS have to say. THEY KNOW NOTHING!
Happy trails, buyers.
He just stated yesterday to stay clear of the stock. So, anyone who listened just lost out on a 5% gain today.
Is this bad timing or what? Cramer is the 'kiss of death'.
Now you have gone too far. Who are you to criticize me? I've been investing for over 50 YEARS.
I've probably been investing longer than you are in years. Read the article.. What makes you think you are brighter than the MOTLEY FOOL folks are do genuine due diligence. You might learn something. Put your PRIDE and EGO aside.
Says why retirees should own this stock. Tripled dividend since 2011; divesting low margin businesses and concentrating on high end. Says company paying out only 45% of earnings in divi's and has room to grow it.
Read this. Great insight as to why the stock is going HIGHER. Omit these DOOMSAYERS on this board.
Of course, they know more than anyone else so that should give you, at least, a clue on how hapless these people are.
Well, you should tell everyone the 'full story'. You were in it, too. You cried how you should have sold.
You are just a 'Monday morning quarterback'. So, according to your blogs, you SOLD your shares at $51 recently. Congrats for not selling at the bottom. But you sold too early and it will get worse going forward. No one knows where any stock is going but I am betting it is UP. Your lack of participation now will only prove to be more painful going forward.
And on volume exceeding ave. 30 day volume. Large blocks traded. Smart investors looking forward to break out. Massive excitement for UPSIDE! And you get great divi while you wait. Sounds like a WINNING combination to me. Too bad the doomsayers cannot see this. But remember, doomsayers, IT'S YOUR MONEY (hopefully, not mommy and daddy's)....
Poor guy. You have a lot to learn in this pathetic investment. You will be 'stuck in your future'.
Happy trails - you'll need it when you finally learn.
In early 2010 CRAMER pushed this LOSER on 3 consecutive MAD MONEY shows, each segment lasting 5+ minutes. Since then it has gone NO WHERE while its competitors like WFC and JPM have soared to ALL TIME HIGHS and dividends escalating each year. BOTTOM LINE: CitiHYPE is a LOSER and always will be. No one trusts this LOSER. Just a matter of time before the next scandal. Remember, this was a $60 stock in '07 yielding 4% then not adjusting for the 1:10 split. WHAT A LOSER!
History will show that KING OBAMA will be known as the worst President in our history since Buchanan (and many will argue the WORST)!
I have written a couple of blogs 'suggesting' that a whale or two could enter the company. Well, it happened.
And even Citi is jumping on board. Looking at the prospects this company has and the possibility that China and Russia will curb production the future looks bright. If one is a value investor this company makes sense.
It could take a couple of years but capital appreciation is a good bet here.
....and if you bought in early June of LAST YEAR you are still 'in the red' and substantially down prior to that. Such is the life of volatile biotech's. Expect to get 'burned' either way.