So you would actually prefer to kill the deal and see your $99 stock drop back to 80 rather than to pay the tax? Not me! I'm a VERY happy camper. Not unless you can show me that I will pay over $20 per unit in taxes.
So your initial dividend next year falls from $27,800 to $21,300(though it will increase by 10% per year after that. ) That's a decrease of $6,500. But you get a check for $53,850 and pay taxes of $21,000. That means you have $32,850 left over in cash. That is more than five times your decreased dividend. Most people in that situation would be shouting for joy, not whining about it. And look art the cap gain you are racking up. The KMP stock you hold now, should you wish to sell it, has moved from 80 to almost 99. And you still complain?
JNUG is double what it was at its low. Not too bad for anyone who bought it then, when I'm sure pessimism was at its peak.
No inflation? Where have you been? Not in the real world, evidently. The official inflation figure is a grotesque joke. Deliberately falsified by Uncle to keep down S.S. increases. The real number is far higher. Wait till September when we exit the summer doldrums. Gold will soar!
I disagree. JNUG is up in AH trading. It is extremely volatile, but overall it will track the price of gold, which is overall in a bullish trend. The bottom is in, IMO. Remember that JNUG was below 15 not too long ago.
Long term, though (if anyone still thinks long term) it is probably a pretty good deal just to pay the tax hit and hang on to the stock. At least Kinder was pretty persuasive to me on that point.
Anyone have any thoughts on when the FNMA saga is going to be resolved and the stock will break either toward zero or to the stratosphere? Looks like the zero crowd is in the majority right now.
If one chooses to take the entire buyout in KMI stock instead of taking any part in cash, why is there any taxable event to KMP stockholders as long as they do not sell any of their new KMI stock? If there is any tax to pay, who calculates it? KMI? KMP? your broker? or do you have to dump it in the hands of your CPA? I would have no idea how to figure it on my own. I've held KMP for about 4 years.
Alas, the pps is in decline so far today, so there is no news. Not even a positive rumor, it would seem.
It would seem that some news is due at the cc on August 13, but we have all thought that before, only to be stiffed with meaningless generalities. If we long suffering IOC stockholders want to play games ahead of the cc, one way would be to speculate on how Hessions can manage to dodge questions about drilling progress and anything else of importance, and leave us all hanging until the next cc in November. I do see the upward pressure on the pps as a hopeful sign ahead of the cc --better than a steady downward pressure--but that may just be setting us up for another disappointment. Over the past five years that I have been in the stock we have sure seen plenty of those!.
Gold was recently around 1335. Why is it overbought at 1310? Gold jumped on Friday in the face of a certain cease fire in Gaza in a day or so at most. But how does that change anything long term? Where are the lights at the end of the various tunnels causing geopolitical problems? Hard to see a return to peace and quiet world wide.
More and more it looks like bad news is coming on the drilling front. I can't think of any other explanation for this relentless decline. Can anyone else?
Interesting day: Price of gold sharply higher,and all mining related stocks sharply down at the close. Probably because pps of miners don't care about the overall daily movement of gold, but only reflect which way the POG was moving at the EOD. And today, the POG was giving up some of the early gains. That trend will probably continue early tomorrow, although if POG can hold above 1332 tomorrow I think pps of miners will resume uptrend. This was a major breakout day and thus is very bullish, long term.
There could be some real bargains at the opening tomorrow.
That was because the price of gold dropped in the last seconds. JNUG is normally very sensitive to the price of gold, but occasionally it does do its own thing. Not in those last seconds today, however. Instantaneous reaction to the drop.
Given the negative pps action, my concern at the moment is that disappointing drilling news is leaking out. Remember that we here will always be the last to know.
Something is very odd here. JNUG should logically be down $2.50 instead of up by that amount. I wonder if this is a phony quote?
Or have you no clue? Don't feel bad. No one does, short term. Long term, it sure looks to me as though we are in the early stages of a huge long term rally in gold,and thus in gold stocks. JNUG is the perfect vehicle for playing that.
Really? You're willing to risk missing the potential big move up if gold has truly bottomed--and all over your fear that it might move down a few pennies in the short term?