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Linn Energy, LLC (LINE) Message Board

kenpalley2000 84 posts  |  Last Activity: Jul 1, 2015 9:10 PM Member since: Dec 16, 2005
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  • Reply to

    Should I be a buyer?

    by beartrap1941 Apr 6, 2015 10:15 AM
    kenpalley2000 kenpalley2000 Apr 6, 2015 1:31 PM Flag

    Well as others have pointed out the details are bit complex if not downright murky. However my understanding is that the 1 for 6 split will mean instead of my 2800 shares of WIN I will have 466. In addition I will get 1 share of CSAL the REIT for every 5 shares of WIN so I'll end up with 93 shares of CSAL plus a bit of cash for the fractional shares of both. Both companies will pay a dividend and at least for the first quarter or more the combined dividend of both will be 70cents/ year. This will most certainly not be a good thing in the short term but it is hoped by management and some analysts to hold potential for increased value and dividends over the next 5 years. I am not selling but I am not holding my breath either. GLL
    Ken

    Sentiment: Hold

  • Reply to

    High speed trade price manipulation this morning

    by brryry47 Apr 6, 2015 11:51 AM
    kenpalley2000 kenpalley2000 Apr 6, 2015 12:11 PM Flag

    Yahoo does show a low for the day of $9.10 but it doesn't show up on the interactive screen. Where do you confirm this action. If true it is certainly clever manipulation.

    Ken

    Sentiment: Hold

  • Reply to

    Should I be a buyer?

    by beartrap1941 Apr 6, 2015 10:15 AM
    kenpalley2000 kenpalley2000 Apr 6, 2015 12:01 PM Flag

    The move is IMHO slightly negative.

    Ken

    Sentiment: Hold

  • Reply to

    Should I be a buyer?

    by beartrap1941 Apr 6, 2015 10:15 AM
    kenpalley2000 kenpalley2000 Apr 6, 2015 12:00 PM Flag

    You should be a buyer if you are a risk taker. Here's a recent quote:

    "Windstream Holdings Inc. (NASDAQ: WIN) was reiterated as Buy with $10 price objective at Merrill Lynch. The firm said that the implied value for Communications Sales & Leasing means investors are getting the Windstream OpCo at or nearly free."

    Myself, I remain skeptical that we will see $10/ share or the post spin off equivalent any time soon but OTOH am holding onto my 2800 shares as a bit of a gamble. The dividend is, after all, despite the cut still a lot better than most other places to park some small portion of one's portfolio. GLL

    Ken

    Sentiment: Hold

LINE
9.16+0.21(+2.35%)Jul 2 4:00 PMEDT