Today is IGT ex-divvy date (lol).
You're 11 cent richer (and probably 1 or 2 more max dividend) assuming company is sold within 6 months (12/31/14).
IGT is in a tight trading range before the outcome is known.
The longer the narrow trade, unlikely the offer will be over $20; more like $18.50.
The best outcome is an auction rather than discussion with specific companies like GTECH individually.
Worse nightmare is if IGT managers decide to pull offer and stock goes back to 12.xx
Just my 2 cents
I'll take the "high dividend" if LORL can't find a buyer on its price target.
The high dividend should be at at least $10-15; anything under $5 will be a disappointment.
Since 5/1/14, BG been in a tight trading range 75.xx - 78.xx after disappointing earnings announced.
Will like to see a breakout over 80. Could happen with next earnings if surprise to the upside. But no guarantees as July is usually correction month
SLV will try to make a run at $20 but meet resistance.
My guess it was yesterday's $10B tapering reduction to cause SLV to move higher.
One day trick pony? If tomorrow if SLV stay doesn't give back all gains today, looking good!
If $2 - you'll get more short-covering.
Patiently waiting for video proof of the haul...taking awhile to show the world whether bigger than expected or a dud.
Just don't get your hopes too high...
ex was 6/11/14; payable date is 7/11/14.
This will be the last dividend paid.
Now to wait and see if NTLS can return to 18-20 range.
Won't get there overnight; could see it first go 10-12 range first.
SeekingAlpha has a good write-up for risk/reward.
The author bought options expecting target takeout 20-21 range.
4 major buyers with low-ball offers (lol) wanting this company for a steal.
Results should be known, hopefully, in a couple of weeks and not longer.
Consensus wants at least $20 per share for IGT.
You'll hear low-ball offers because IGT has deteriorated as current management failed shareholders.
Management can also pull the offer...worse nightmare if that happens.
Looking for results within a couple of weeks.
If not, all good best offers have passed IMO.
IGT current management most likely have golden parachutes to get paid millions to exit.
It will be their swan song, for the last great thing they will do (unless they reject a reasonable bid).
GTK has inside track...large company with bucks. Fear is they might low-ball offer 18-20 instead of 23-25.
Private equity and/or hedge funds won't overpay and want at lowest cost to them.
Hope to see results by 6/30/14; longer it takes might not occur IMO.
LORL is good example of one taking too too long to finalize.
Probably will happen, but how long will it take?
Same situation was with TWTC bought by LEVL, first in 2012 then finalized today.
NTLS breakup was to increase shareholders value; however, hasn't work - yet and at a higher price like in the 30s.
Like another person stated, good swing trade, if you can buy low 12.xx and sell high 12 or low 13.
Note: last dividend paid, no more.
A growth value stock if there is such a thing.
Lets pray NTLS doesn't see single digits (or buy more expecting a bounce).
if SLV can make 19 as the floor, a good sign heading higher.
Otherwise, still old sideways to flat trading range.
Before 12/31/14 is over, SLV should trade over 20, but slim chance it will go over 25 IMO.
Maybe crises in Iraq will change all that with potential higher oil prices.
Let the auction begin...highest bidder wins.
Company to be sold as is...regardless of hurdles such as dealing with SEC, gaming establishment.
Appears BIG money will win this one...GTECH the front-runner, then private companies that will risk cash, clean up the mess and make it a public company 5-7 years, making 10X their investment.
Ain't going to be a small company like Scientific Games.
IGT is prized company run into the ground by current management not able to increase shareholders valve. How sad like seeing Circuit City, Woolworth, with name recognition disappear.
The downsize is this will all take months if not to 2015.
Make it quick is most effective?
Market correction might lower value.
This must be OMEX biggest potential find to make/break its stock, no?
I recall the Atocha many years ago was their last major mother load find.
Any other significant finding to compare?
OMEX should soon see 2.xx - 3.xx but over 5 is like winning the lottery.
GLTA long and shorts.
upside trading range is 47-50 IMO.
Tested 43.xx and now sideways pattern.
Good, bad, indifferent in this flat market for 2014.
Won't get rich or poor...hold for the dividend (lol).
according to one recent article.
This avoids regulatory review by SEC and competitors.
However, bid will probably be mid-teens 17-18 and take many months to finalize.
That's why IGT price has not jumped 2nd day.
Upside many want to see IGT over 20...tough sell.
If SGMS can pull it off and buy IGT its the minnow swallowing the whale.
Only a dream...don't see it happening.
BYI has better shot at getting IGT but SEC might object.