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Hewlett-Packard Company Message Board

hookemup07 7 posts  |  Last Activity: Dec 23, 2014 4:01 PM Member since: May 3, 2007
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  • Reply to

    BHI worth $64.34

    by wall.street13 Dec 19, 2014 7:17 PM
    hookemup07 hookemup07 Dec 23, 2014 4:01 PM Flag

    The problem is when the deal was agreed to (11/14/14) Baker Hughes shareholders were to get (based on the closing prices of the stocks on 11/14/14) around $20 more than the BHI stock closed at that day. What has happened is that since ll/14/14 Halliburton stock has dropped $15.00 or 28% while BHI has dropped $3.81 or 6.4%. This has cut what was a $34.6 merger in half. I have to think there are provisions in the deal which takes the changes in the stock prices into account and would require Halliburton to pony up more money per share or increase the value of the shares offered. What was a very nice premium has slowly evaporated and I can't believe the BHI board would not made certain that the merger aggrement allowed for adjustments for the possible fall in Halliburton stock.. At least I hope not. If things keep going the way they are now Halliburton could walk away with Baker for coffee change..

  • Been in-and-out of Rig several times over the years and always did very well. Initiated a new position last week partly on the basis of the CEO purchasing 9800 shares at $29.41. As apparently he did, I felt the selling was a bit irrational as stock is trading at an unheard of 0.67 of sales and the P
    EG ratio is the lowest I've ever seen at 0.09. I know both sales/earnings will be lower going forward and these figures will be revised but still it appears the market is pricing in the very worst case scenario. Rig has no significant debt payments coming up in the near term and they have the balance sheet to ride this thing out.
    Trading at one-half book value I still feel the selling is overdone. Notwithstanding, I may soon be Stopped Out and if so will look to reenter when oil prices shows more evidence of stabilizing. I feel there's some serious money to be made in this stock it's just a matter of timing. Looks as though my timing was off this time but I'm confident I'll be back.

    imho

    imho

  • hookemup07 by hookemup07 Dec 2, 2014 4:32 PM Flag

    Yesterday Rig's main man purchased 9800 shares of company stock at $20.41. Way-to-go Steve!
    Always nice to see company Insiders put some skin in the game and especially nice when that Insider happens to be the man at the stern.

    I know it's tough but if you get in at this price and show a little patience, you will be well rewarded!

    imhol

  • with price target of $81.00.

  • Reply to

    Wasn't the offer $78

    by alanmcd101 Nov 18, 2014 1:45 PM
    hookemup07 hookemup07 Nov 18, 2014 4:15 PM Flag

    I believe you need some cl#$%$rific#$%$tion. The price of this de#$%$l is se#$%$led #$%$nd now must w#$%$it for regul#$%$tory #$%$pprov#$%$l. The de#$%$l w#$%$s consumm#$%$ted on H#$%$lliburton's closing #$%$s of Frid#$%$y, November 14th #$%$nd #$%$mounts to $35 billion doll#$%$rs #$%$$19.00 per + 1.12 H#$%$lliburton sh#$%$res) This comes to #$%$pproxim#$%$tely $80.69 per sh#$%$re. The $19 per sh#$%$re will st#$%$nd reg#$%$rdless but the #$%$mount of H#$%$lliburton sh#$%$res will fluctu#$%$te with the stock price. In the end however, BHI sh#$%$reholders will receive $19 plus wh#$%$tever the percent#$%$ge of H#$%$lliburton sh#$%$res it t#$%$kes to m#$%$ke the #$%$greed upon price of #$%$pproxim#$%$tely $80 per BHI sh#$%$re.Th#$%$t is if the de#$%$l is #$%$pproved. If it's not #$%$pproved H#$%$l is oblig#$%$ted to p#$%$y BHI #$%$ br#$%$ke-up fee of over three billion doll#$%$rs. I would s#$%$y th#$%$t this puts BHI is the proverbi#$%$l C#$%$tbirds Se#$%$t!

  • Reply to

    WFM Earnings Report (beat/loss)

    by capinvestor Nov 3, 2014 1:50 PM
    hookemup07 hookemup07 Nov 3, 2014 2:11 PM Flag

    According to the Friday Weekly Call Options, the stock is going to move up sharply! I've been tempted to sell the 42.5 for $0.50 but based on the extend of activity I've decided to take my chances.

  • Reply to

    Down 4+% in an Up Market?

    by hgl12692529 Oct 21, 2014 11:18 AM
    hookemup07 hookemup07 Oct 21, 2014 1:29 PM Flag

    I don't know anyone who takes Zacks seriously. The report they issued is certainly not what's moving the stock. With earnings due out in the morning it is obvious someone knows, or at least think they know, something. I wouldn't doubt if they're not trading on inside information but in a case like this it's almost impossible to prove. You would have thought the September Existing-Home Sales data out today, showing sales hit their fastest annual pace of the year, would have been supportive of the stock. In my opinion it's just another example of how corrupt the stock market can be.

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