Howard was his usual ebullient self, but even more so. He talked about the sale of Trayport reducing the net cost of GFI to about $100M, mentioned a future spin of BGCP's real estate business, said he and all his executives take as much of their pay as possible in stock because they see the future appreciation potential. I am very long but after listening to Howard, I may buy more,
USAC is not a corporation. Learn about MLPs before you post--you might be be surprised at the differences. Alerian has an excellent primer.
Slow down, you have at least until the second half of 2016, maybe longer depending on the approval process. Figure how much your tax will be (or consult a tax accountant) so you have a real number to work with; remember the gain will be long-term and you can spread it out over 2015 and 2016 by selling some in each year. Also, review the rest of your portfolio and clean out any losers--you can buy them back after the wash-sale rule expires if you really want them, but ITM, the losses will help offset your gain.
Since you're already invested in a natgas company that owns pipelines, consider buying midstream natgas mlp's or their GP's--most report losses for tax purposes that may offset some of your gain even though you'll receive cash distributions (you'll have to deal with K-1's, but doing that is usually cheaper than paying income taxes).
Last, take comfort that you have a GAIN! After the last few days, you are in the minority.
ETE reportedly transports 20% of our natgas, WPZ transports 30% and is a major factor in the Marcellus/Utica. Kelley will make it happen and the combination will be a juggernaut.
No. REITs must distribute 90% of TAXABLE, not book income but MLPs are not subject to such restrictions. In fact, most MLPs distribute more than their income--that's what DCF means.
Just the tell I was looking for! Selim will give Gardner good news, OTW there'd be no interview on the day earnings are announced.
I think you are correct about control, but he still has the ability to "Scorsch" ARCP, as he is already demonstrating. Perhaps revenge is a motive if he has already lost control of ARCP. That would also mean he may have sold or optioned away most of his ARCP shares.
I think that depends on the scope of the work done to date,which must have been pretty limited. OTW, more people would likely have known about the work and word would have probably gotten out.
The capitalized value of the real property, its FMV and the possibility of any impairments, for example, would not have been part of this work. That may come next.
No extension is required for the earnings release, but they may need to ask their lenders for a waiver of their loan covenants or draw the loan down if it is a LOC. I doubt the market would like any of those actions.
An earnings release implies a conference call, which could be very interesting.
Dividend is due. Some say earnings are to be announced. Some say if earnings are not announced, ARCP will be in violation of loan covenants. Some say ARCP will get a waiver in that case.
No one talks about Skorsch's immense conflict of interest made sharper now by the lawsuit between his two companies. Questions will be asked during the CC that should follow the earnings release. And if earnings aren't released?
I have a strangle on this stock just in case Friday is as eventful as people say it will be, so all I want is excitement. Anyone long the stock should look at $8 puts expiring 11/22--last I checked, they were fifteen cents a share. That is cheap insurance against a Skorsching!