You dont have 1/10th the amount of information as it relates to "value add" for LINE that Mark Ellis and crew does. shut up.
Well Blankfien testified in front of Congress due to Golman shorting CDO's while telling their clients to buy them. Then in Feb of of this year Goldman stated short Gold, while Goldman's own traders were buying it! how do you tell when anyone is lying - when they get busted.
While they were shorting, and now they are hosed. So they downgraded! typical goldman trade. not surprising at all.
after conference call and the next dividend date (11/6/2013 record) you will see the real price of LINE. I have a hunch they moved the day up so that they were not announcing on the record date - giving holders a chance to see the value prior to the dividend. Tomorrow could be fireworks!
Try $42 - we were at that level prior to SEC issue, the BRY merger, the new permian basin acquisition and the presenly increased production. We will be $40 if the merger goes through.
That only works on a scant few platforms. Either order your stock certficates in hand or put them in a non hypothecating account and they cant be lent - just an account with no margin.
pretty good summation. The sold 6 billion of bonds to de leverage, in the worst market ever seen! Book is still $5.26 - they will repostion with dollars coming due and then Taxable reit income will return. They are riding the storm out! Hold tight