ha ha ha - if you think you were rough then you need to try moving up the big leagues for a while.
As regards your understanding of the agreement, then I take it you believe that the 85% was chosen rather than, say, 84.99% because they wanted to save money on the last 0.01%? OK; if that's what you wanna believe, be my guest.
I'll give you a hint - the companies act doesn't say "85% dude", but it's in there.
Want me to tell you where? Quid pro quo - I told you on this board about AmTrust two weeks before the report came out. Quid pro quo - you give me something before I'm gonna give you anything more.
Dude, get over yourself; you know some about the insurance industry, but not as much as you think. (Which explains why you were still short SCPIE when everyone else had moved on. I'm guessin' you didn't cover until the TDC deal was announced.)
The 15% has everything to do with Bermuda law. AmTrust (which pulls the strings here) will only do the deal if they can wall off any adverse development in ACP. If they can't do that, then no deal. (You'd do the same thing if you understood the business as well as you think you do.) Since ACP is regulated by the BMA, 15% is the threshold.
Having said that, anyone voting against ought to think very seriously about where on earth they will get a better deal.
Sam, here's a little advice to ya; when you are finally done with chemotherapy, don't invite cancer to come back in.
Here's something that's been demonstrated around the globe; you don't learn by talking. Try listening for a while instead of repeating stuff that other people have posted.
If you're sincere, that is...
You're wasting your time trying to explain how markets work to carol - she has demonstrated that she has no understanding of them, nor the mental capacity to learn.
I can see you have a lot of difficulty with math, probably because your kindergarten class hasn't gotten that far, so I will have to explain it to you:
8 years is longer than 3 years. That means that 3 is closer to zero than 8 is. (same as 3 is closer to your IQ than 8 is.)
Because 8 years is longer than 3 years, discussing the effect of 3 years of distributions on the 8 year performance is worthless (same as the rest of your ideas.)
You are right zeeman - although chartists get it right every once in a while (just as a stopped clock is right twice a day), in the long run, the only people who make money on charting are the ones who write books about it, or run websites/subscriptions services.
Kidturbo, please stick to value considerations - that will give you a chance to win in the long run. This stock has an interesting story, and could be a big winner In my book, I think the odds are enough in our favor to make a controlled bet; I'm not betting a lot of my assets on it, but I am betting enough that I will be very happy if they get approval for their product. Good luck!
Hmm - interesting, although I was hoping there was an opportunity for me to play their same game. Individuals can sometimes figure out what the wall streeters are doing and get in on the game because they are small and nimble. I supposed that I could also buy some Crox shares, but my stake in BX is a large enough bet on Crox for my tastes.
I meant to say "based on your post" (I'm guessing I have to explain that to you as well.)
Ever hear of this new fangled invention called a "dividend"? Based on your posed, I'm guessing you don't know enough about investing to have heard of them.
Yes, international funds have not generally done as well as the S&P (which hasn't been a picnic - perhaps you haven't heard of the "great recession" either), but not as poorly as your utterly misleading comparison implies.
that's what I'm asking, is "does anyone have any ideas about what BX is doing?" I can't see how Crocs is going to get any bigger than they are now - there were no "redux"'s for pet rocks. They had their moment in the sun. Anyone who can't forgive Crocs for the stock drop in 2007 should look in the mirror.
$200 million is a relatively small investment for BX, and I bought the stock for their judgment, so I'm not going to get overly excited, but I'm curious to know what the strategy might be.
Can't say that I'm a big fan of this investment. I guess a 6% dividend isn't horrible. (I'd take it if I thought the company was stable, but I get a better tax rate on preferreds than BX.) Hard for me to see the common stock doing much, though. Does anyone know the end game for this. Is there value to be unlocked in Crocs?
I agree Sam. This company is doing exactly what I wanted them to do when I bought this stock.
Phew - they are on top it! The stock has run up a huge amount and now they are giving a buy signal.
In other news, they also issued a "buy" on Google if you can get it at the IPO price.
And now they announce a repurchase program!
Does anyone have any insight as to why they would announce a secondary and then, a month later, announce a repurchase program?