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Pan American Silver Corp. Message Board

maverick7572000 6 posts  |  Last Activity: Jan 8, 2015 11:55 AM Member since: Jan 12, 2006
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  • Reply to

    OT--short KMI for flip--OT

    by dar200 Nov 21, 2014 11:18 AM
    maverick7572000 maverick7572000 Nov 21, 2014 5:56 PM Flag

    dar, don't curse Kinder for *your* failure to follow through on *your* plan to hold until death. That was entirely within your control, all you had to do was die. Kinder just set the time frame! There is still time before the conversion, but too late for you since you sold.

    Frankly, that is a risk with all stocks. Companies get acquired, reorganize, etc. The best laid plans to get stepped up basis can go by the wayside pretty quickly. Ask Donald Sterling. You were simply long tax risk.

  • Reply to

    Bullish early exercise

    by dar200 Dec 3, 2014 2:40 PM
    maverick7572000 maverick7572000 Dec 9, 2014 8:29 PM Flag

    Bullish signal might be reading too much into things. Essentially he is paying taxes of roughly $45k, and getting 1,929 shares (using your numbers, which I presume accurate) - a cash cost of $23 per share. Pretty hard to lose money on that trade.

    This probably falls in the area of tax planning. SUI switched a few years back from granting options to granting restricted stock. In 2012 he was granted $74k of restricted stock. In 2013, over $80k. In early 2014 he was granted 2k of restricted shares. He can either elect to be taxed immediately on the grant, or he will be taxed upon vesting (3 years). Very possible he is trying to avoid the doubling up of income from stock activities in future years.

  • Reply to

    stagnant dividend

    by kenpalley2000 Dec 22, 2014 10:02 AM
    maverick7572000 maverick7572000 Dec 23, 2014 11:31 AM Flag

    We will see some dividend increases. However, I do not expect them to be significant (one man's significance is another man's insignificance). While SUI's business is rock solid, the yield now is very low.

    The last nine years were a long sea change - transition to secured mortgage model, the crisis making regular housing more difficult to get, declines in interest rates, the struggle with their financing arm, followed by deleveraging from very high levels. Lots of big things, really.

    So what will the next nine years bring?

  • Reply to

    Fantastic financing

    by dar200 Jan 6, 2015 5:08 PM
    maverick7572000 maverick7572000 Jan 7, 2015 1:16 PM Flag

    Take advantage of the market when it gives you the opportunity. However, I would not consider ATT to have as low operational risk as SUI by any stretch.

  • Reply to

    Fantastic financing

    by dar200 Jan 6, 2015 5:08 PM
    maverick7572000 maverick7572000 Jan 7, 2015 5:48 PM Flag

    Even in a taxable account, the tax hit might be much smaller than your estimate depending upon purchase price and how long held (return of capital). You are assuming a 20% rate vs 15% rate, with 100% of proceeds taxable.

  • Reply to

    Fantastic financing

    by dar200 Jan 6, 2015 5:08 PM
    maverick7572000 maverick7572000 Jan 8, 2015 11:55 AM Flag

    Ok, you did not assume a tax rate. You win. Feel better?

PAAS
11.92+0.4100(+3.56%)Jan 27 4:00 PMEST

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