One scenario: DuPont splits as advertised. The new Agriculture DuPont takes over Syngenta for a "double-win: 1. They become an ag powerhouse. 2. They achieve tax savings through the now much loved inversion.
His holding are meaningless. He has too many stocks for any one to make a big difference to him. Look for activists who really have skin in the game for better "hints." And even those are only hints. You must do your own work. Peter Lynch observed that "Whoever looks under the most rocks wins." Good Luck.
On the other hand, as per Wells Fargo analysis (They are very comprehensive on MLP's.), NGL can raise the dividend 12% a year going forward versus the 1-2% at TLP. As a ten year owner of TLP I was just happy that they didn't offer cash as the IRS would be the biggest winner under that scenario. As a little guy in his Brooklyn basement I can't think up any foreign "inversion" like the big boys. I guess I could move to Puerto Rico to avoid the capital gains tax but that would cost more than the profit on my few shares! Do you think that the distribution growth profile would offset the current lower amount? Let's hope that the Board fulfills its fiduciary responsibility and tries to get a little more from NGL or, on the other hand, puts it up for auction. Do I hear other bids?
GTKYY or, in Europe GTK.MI is the company to buy here. At Euro 18.14 it sells at a trailing p/e of 11.4 and yields 3.3%. The 52 week low, hit on June 30, was Euro 17.66. Gtech has come down because of fears of overpaying for IGT. Gtech is the world's Number 1 lottery operator. Acquiring IGT would allow them to diversify and , I believe grow even stronger. Integration of the assets will require a great deal of management's focus and, short term, there will be the usual glitches. If they don't acquire IGT look for a nice short term bounce. Either way this looks like the play to me. JMHO.
or, so it is reported by the FT that he sold 26% of his holdings. Boiler plate response is that is for diversification. While skeptical, it appears that he exercised options on the exact same amount of stock that he sold. Is this actually a sale? Is the negative stock price reaction rational?
can IGT fetch. The Reuters report put the enterprise vale at $6 Billion. Subtract $2.2 Billion in debt and that leaves $3.8 Billion for shareholders. At $15.70 sea re already there. Does anybody know the enterprise value assigned to WMS when they were purchased?
leaves for a better job. Standard operating procedure (aka knee-jerk reaction) calls for an immediate sale of the stock. Thinking is that if the CEO leaves there might be financial irregularities. If this is the case is yet to be seen. GNC management is generally highly regarded. On there plus side this adds to Cramer's dislike of the stock expressed yesterday. If you agree with him, like or dislike him, he does move stocks. Therefore, what are to make of this? I may be looking through rose-colored glasses but I see this a buy opportunity. The company has a large repurchases program in effect. What better time for the company to step up to the plate? My bias is that I am already long GNC. If I wasn't invested I would wait until the selling abates and start a position at that point. By the numbers, this company is still too cheap. GLTA.
Sentiment: Strong Buy
This company trades less than $1 million per day in Canada. The trading in the US is insignificant. Yet, 7 analysts follow it closely. Listen to the conference call. Do your due diligence. FWIW, I believe that AGT is at the forefront of a huge shift in the food industry. Buy before the United Nations "2016 Year of the Pulse" kicks into high gear.
Sentiment: Strong Buy