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Questcor Pharmaceuticals, Inc. (QCOR) Message Board

krakken26 4 posts  |  Last Activity: Apr 9, 2014 2:24 PM Member since: Sep 24, 2012
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  • Reply to

    Plans with Cash?

    by krakken26 Apr 9, 2014 1:34 PM
    krakken26 krakken26 Apr 9, 2014 2:24 PM Flag

    Again, I'm no expert but from what I have gathered is that the stock gains shouldn't be taxed, at least in the immediate sense, and the cost basis of the qcor stock travels with the MNK stock acquired. You will pay tax on gains once you sell the MNK stock. Atleast that is my understanding, feel free to correct me if I'm wrong.

  • Reply to

    Plans with Cash?

    by krakken26 Apr 9, 2014 1:34 PM
    krakken26 krakken26 Apr 9, 2014 2:01 PM Flag

    I am under the "assumption" or maybe its hope, that the $30 will be taxed according to the capital gains status of each tax lot at time deal is finalized. I say this because all my qcor i have held for over 365 days except for one lot that will hit that mark in early october 2014. I am sure there is someone more wise that can give a more confident answer then me.

  • krakken26 by krakken26 Apr 9, 2014 1:34 PM Flag

    I am trying to figure out what I am going to do with the $30/share I will be receiving. I likely will hold the MNK shares I will be getting for the foreseeable future since I really believe in the qcor growth potential both before and after the MNK merger.

    While i know the markets will likely be considerably different by time the deal is finalized, I am looking for other stocks to invest some of the cash into in an effort to diversify. Anyone have any suggestions as to what stocks to keep an eye on? Market sectors? Also, does anyone have a guesstimate as to when they expect this merger/buyout to complete (assuming it does)?

    Thanks for any and all input.

  • Reply to

    Scottrade divy

    by frankcastle313 Jan 24, 2014 10:02 AM
    krakken26 krakken26 Jan 24, 2014 2:21 PM Flag

    I use scottrade and I received my divvy sometime last night 01/23/2014. I was surprised. Sometime after 7pm cst.

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