I want to own MYL. Great value here. Just don't want ANYTHING to do with some massive acquisition that would saddle them with billions of debt and cause non accretive dilution for years to come.
Back into GGN @ 5.17 near the close. I agree with some of Slick's observations that GGN may finally be well positioned. Is near 52 week lows and close to 10% below NAV. Divs are declared thru the Dec. 9th X-div date @ .07 monthly.
Probably just lucky as GGN is always hard to maneuver for a profit. In yesterday @ 5.17 and out today @ 5.27. Been doing other selling and cash is back up to about 67%. Am skeptical of the current rally. Maybe I'll trade some SPXS (3 X short the S&P 500) into today's close. Hhhhhmmmm...
"what is in the news," you said. THERE'S NOTHING IN THE NEWS BUT THE NEWS CREATED BY BLOOMBERG AND CNBC. That's not news, that's "paid for" hype.
Went 5 days (Friday - Tuesday) with NO press releases from either company regarding any offer being made. Why, because there wasn't any. This was a huge con game perpetrated with the help of Bloomberg and CNBC.
Still has to be determined who made all the $$$$ from this scam.
ARIA is a fine company and just may be worth $2 billion to big Pharma at some point in time.
Kel...........just an observer and X holder of ARIA and AVNR.
Source EIA......GOM accounts for 17% of US crude oil production and 5% of US dry natgas production. Less than I would have thought.
Bought some SO @ 42.59, AMGN @ 148.18, and IP @ 42.01. All small positions. Keepers.
Bigger position of MRK @ 52.78, hopefully just to trade when we bounce back. Still over 50% in cash.
Good lick all in this harried environment.......................Kel
I'm not supporting any bear case against ARIA. Just saying I think there's some shenanigans going on with a "supposed" offer and now into the 4th calendar day with ZERO press releases from either company. Anyone else think that's a little strange?
Just added AMGN to the "income producer" part of my portfolio.
** 2% yield at my buy in price of $152.85
**strong div. growth since initiated in 2011 @ .28 quarterly....now 79 cents
**strong EPS growth looking forward.....PE ratio about 15
A well placed rumor. Two "news" outlets to spread it for you. You've built a big position so 'feed' it into the hype on Friday. Then short ARIA when the fever pitch is at its peak. Make money on the upside and downside..........all while the SEC sits on their thumbs.
Bought some @ 1.63. Hurricane season, winter coming, well counts falling. Have traded this numerous times.
I think concerns with BDCs are rooted in the low credit quality of their investments, not in a tiny movement in interest rates. Might be worth following the "talk and actions" regarding junk bonds as they may be a leading indicator for BDCs.
No major concerns yet, but some negative under currents IMHO.