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Mercury General Corporation Message Board

lastcavalier_2000 27 posts  |  Last Activity: Nov 26, 2014 10:10 AM Member since: Jun 21, 2000
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  • Reply to

    Why not sell a

    by lipkalr Nov 25, 2014 10:26 PM
    lastcavalier_2000 lastcavalier_2000 Nov 26, 2014 10:10 AM Flag

    I'm open to your REIT suggestions. Always looking!

    Sentiment: Hold

  • Reply to

    non-mandatory reorg

    by guppiegold Oct 16, 2014 2:39 PM
    lastcavalier_2000 lastcavalier_2000 Nov 18, 2014 2:07 PM Flag

    By 12/31/14 you have the opportunity to convert you WHLRP into WHLR common 5 for 1 at a fee of $25
    Right now WHLR is at $4.15. If you had 100 of WHRLP you can convert it to 500 shares of WHLR.
    500 times $4.154 times 5 would cost $2075 which is cheaper than 100 shares of WHLRP ($2300).
    therefore as of now not good o convert.
    Just keep multiplying 500 times current price of WHLR; if it gets higher than cost of 100 shares of WRHLP then its time to buy WHLRP.
    offer expires 12/31/14 and will cost you $25 to do the conversion, which you also have to add into the calculation.
    If my numbers are wrong please let me know. I think I got this right.

    Sentiment: Hold

  • lastcavalier_2000 by lastcavalier_2000 Nov 17, 2014 12:10 PM Flag

    Any comments on their joint venture with Lightbridge.
    Also paying 10% at this price. Why not more interest. Only 7m shares out

    Sentiment: Buy

  • lastcavalier_2000 lastcavalier_2000 Nov 12, 2014 4:04 PM Flag

    Hey, I just followed your lead and looked at IMSC. Not too shabby. New contracts but no price movement..
    Do you know why? Better yet, rather than #$%$ everybody here on ASEI board, see you on the IMSC board.
    I am interested and do believe it's companies like this that are causing ASEI grief.
    IMSC now at 1.28. Why still low?

    Sentiment: Hold

  • lastcavalier_2000 lastcavalier_2000 Nov 10, 2014 5:00 PM Flag

    UR so the loser!

  • lastcavalier_2000 by lastcavalier_2000 Oct 24, 2014 9:44 AM Flag

    Just read where CQB rejected Irish deal? Slew were you in there!

    Sentiment: Hold

  • lastcavalier_2000 by lastcavalier_2000 Oct 23, 2014 9:39 AM Flag

    Do not understand this nickel and dime bidding from Brazil. Should be at least $15.00!!!!

    Sentiment: Hold

  • Reply to

    Winfield Capital Rejects Fyffes Offer

    by lastcavalier_2000 Oct 20, 2014 9:15 AM
    lastcavalier_2000 lastcavalier_2000 Oct 21, 2014 12:16 AM Flag

    I was talking about the up and coming war of words and changes in positions which you so aptly called the banana rodeo!! And sure enough there was plenty of it.

    Sentiment: Hold

  • lastcavalier_2000 by lastcavalier_2000 Oct 20, 2014 9:15 AM Flag

    They own 3.5% of shares and are supporting the $14 Cutrale offer stating that the Fyffes offer will drop the stock $2 -$2.50 per share.
    We are off and running!

    Sentiment: Hold

  • Reply to

    war of words

    by seattle.stew Oct 15, 2014 3:14 PM
    lastcavalier_2000 lastcavalier_2000 Oct 16, 2014 9:27 AM Flag

    FYI ! Slew is right again. They should have come in at least at $15 - $16.00. Read why below:

    Investors such as Dublin-based Merrion Capital Group, which oversees $1.6 billion in assets, questioned whether the offer could persuade Chiquita's board and shareholders to side with Cutrale-Safra.

    Cutrale-Safra's definitive bid "is significantly below an offer in excess of $16, which we felt would be required to match the economics of the Fyffes-Chiquita deal," Merrion said on Wednesday. Efforts to reach Merrion representatives for comment were unsuccessful.

    "The agreed merger between Chiquita and Fyffes remains superior to today's unsolicited takeover offer from Cutrale-Safra," Fyffes Chairman David McCann said in a statement, adding that the implied present value of the ChiquitaFyffes deal ranges from $15.46 to $20.01 a share.

    TOUGH NEGOTIATOR

    Known as a tough negotiator for the banking and real estate assets he buys, Safra, a Lebanese-Brazilian financier who is the world's richest banker, has struggled to convince Chiquita's board to accept his and Cutrale's offer, bankers with knowledge of the deal recently told Reuters. That was partly because potential cost synergies from the deal were not immediately clear for investors.

    Faced with declining orange juice consumption globally, Grupo Cutrale is expanding into new regions and products after venturing into grain trading in recent years. The Cutrale family, who migrated from Italy in the first half of the last century, rose to prominence by massively exporting orange juice concentrate to the United States after frost destroyed most of Florida's citrus crop in the 1960

    Sentiment: Hold

  • Reply to

    $14/share! News In!

    by lastcavalier_2000 Oct 15, 2014 10:24 AM
    lastcavalier_2000 lastcavalier_2000 Oct 15, 2014 10:28 AM Flag

    Deal is for all cash - no financing conditions! Talk about deep pockets. Slew you were right- Saffra has the juice.

  • lastcavalier_2000 by lastcavalier_2000 Oct 15, 2014 10:24 AM Flag

    Cutrale just came in with a $14 offer. Guess they were waiting for the sales results which were positive.
    Counter offe coming? I was expecting $15. We'll see.

  • Reply to

    Adjournment until 10/24/14

    by lastcavalier_2000 Oct 10, 2014 2:20 AM
    lastcavalier_2000 lastcavalier_2000 Oct 10, 2014 9:02 AM Flag

    Pre and CEO acquires 63k+ shares yesterday. Great indicator of a price increase?.

  • lastcavalier_2000 by lastcavalier_2000 Oct 10, 2014 2:20 AM Flag

    27m+votes voted for adjournment. Of the 47m shs outstanding, institutions hold approx. 38m
    Somebody wants to entertain the higher price, no?

    Sentiment: Hold

  • Reply to

    Volume surge

    by seattle.stew Oct 8, 2014 2:56 PM
    lastcavalier_2000 lastcavalier_2000 Oct 9, 2014 12:36 AM Flag

    Who else would be doing the accumulation but Cutrale especially at the end of the day and price was up 1.57%?. Might the stockholders just take the $13 without Cutrale offering more? Will be watching..
    .
    .

    Sentiment: Hold

  • Reply to

    Announcement Pending

    by seattle.stew Sep 17, 2014 1:52 PM
    lastcavalier_2000 lastcavalier_2000 Oct 7, 2014 11:10 PM Flag

    I agree this is getting stale however, this is how big money operates - they have the resources to stretch these kind of things, strain your patience, and cause others to fold up or move on and then, wham comes the late entry. Most of South America is in difficult financial times and it might be affecting Cutrate-Safra. I think they still want the deal but something in their review is causing hesitation or flat out rejection.
    I'll wait to see the share price action. Still think the shareholders want the more money and will vote that way. But it has to be min of $15.

    Sentiment: Hold

  • Reply to

    October 3

    by seattle.stew Oct 2, 2014 4:34 PM
    lastcavalier_2000 lastcavalier_2000 Oct 3, 2014 12:39 PM Flag

    The time for Brazil to take a shot is shortening. I cannot imagine any stockholder not wanting more money for this deal and because of that I am holding but not adding. They are playing a tight hand here but I'm thinking with the EU approval they also have clear sailing if they can get the stockholders to go for the money. I don't think $15 will get it anymore. Maybe $18.

    Sentiment: Hold

  • Reply to

    control

    by seattle.stew Sep 24, 2014 5:42 PM
    lastcavalier_2000 lastcavalier_2000 Sep 25, 2014 4:17 PM Flag

    Will the US regulatory clearance for Fyffes also apply to Cutrate or do the Brazillians not need it?
    I liked the $14 holding in this market dropping environment.

    Sentiment: Hold

  • Reply to

    Announcement Pending

    by seattle.stew Sep 17, 2014 1:52 PM
    lastcavalier_2000 lastcavalier_2000 Sep 24, 2014 9:29 AM Flag

    " they do have a psychological effect on investors,"
    Totally agree and that's the part that concerns me. Somebody has to be the smarter one here and not let this deal decay away like an over ripe banana.
    The price drop clearly reflects our opinion on the current status and thinking..
    Just holding for now; but finger on the trigger.

    Sentiment: Hold

  • Reply to

    sweatshop

    by jerrybailey39 Sep 18, 2014 6:13 PM
    lastcavalier_2000 lastcavalier_2000 Sep 23, 2014 2:31 PM Flag

    You are sick, uninformed, unintelligent, crass, common and out and out dumb. Your remarks says it all.
    Dunnkopf

    Sentiment: Hold

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