That is confidence in this deal.
What happened to all those who said share price will increase when merger is approved?
Looks like market does not like this merger.
So how do they get share price back up if the deal and dilution is so high that LNCO cannot increase dividends?
It is called ROC- return of capital.
You do not pay current ordinary income taxes on dividends.
But you do pay capital gains taxes when you sell.
I have worked in machine tool industry- big and small machine shops. Metal fabricators are 75 cents a dozen. Always scrounging for business awarded at lowest bid. Sometimes they pay bribes to customer buyers to get orders. (Examples of companies I know accepting bribes in past: Ecolab and Ingersoll Rand's Schlage lock division.)
Very tough to make money. You invest in a new customer and they move the business to another fabricator to save a few cents.
I am only checking this out because Mark Gomes is promoting it.
I would not call this high tech stuff.
I already own it. I will buy more or sell all whenever I feel like it.
You are a total arrogant dufus who knows absolutely nothing about my doubts- if any.
What ever you do NOT WANT about my actions buying or selling "your" thinly traded stock, you have absolutely no control over what I do.
If you have doubts about it being thinly traded, maybe you should sell yours. You certainly will not be missed.
But to make sure I do not have to read your comments again, I will use the Iggy button.
I read this in 12/13 print issue of Kiplinger's Personal Finance, page 34, as follows:
"If Congress does not renew a tax break that's set to expire this year, the company's income-tax bill could skyrocket from $20 million in 2013 to between $200 million and $250 million next year. If that were to happen, the current quarterly payout of 25 cents per share would be in jeopardy."
I read that WIN needs Congress to extend a tax break before yearend. Congress is not doing much of anything right now.
If tax break not extended, WIN will owe so much tax that dividend could be at risk and share price could drop.
Does anyone know if this was resolved?
Reason I am asking: I would like to buy WIN, but not until tax issue is resolved.
The China problem has been in Chengshan. I read an SA article by Bram de Haas.
He said (in comments) that CTB has another location in China at Kunshen that has continued producing for CTB without problems.
Possibly they could shift all China production to that location?
Are you saying ("white collar") that the losses are executive corruption?
I think CTB has to provide financials. But no merger requirement that Apollo approves numbers or even that they be complete. CTB could provide estimate on China or only through last quarter of complete numbers and just state current quarter for China N/A.
On USW, I believe CTB got tentative labor deal, but should make it apply to any other future merger offer. They could finalize that to get other judge to release condition. Again merger agreement does not say Apollo has to approve agreement.
In the end, I think Apollo wants out of deal without penalty and CTB may have to accept that and just move on.
CTB was not doing bad before merger and may likely get another more viable offer over $30, so why sell.
In CA, you do NOT just have to know oil properties. You also must understand CA politics which includes a very powerful and extremist environmental movement against any oil development: uphill battle by oil companies dealing with leftist political monopoly.
I understand IAG said they will re-consider dividend: to cut or eliminate.
CEO Letwin should resign.
What a loser.
Letwin really sunk IAG to where it stunk.
Yes, I held. I am stuck in it until price recovers some. I also want to see how the dividend is classified for tax at yearend. I am still voting NO on the deal, but certain it will pass.
But I will hold at least a couple of quarters to see how they do. I would really like Linn management to prove to me that I am wrong. But I doubt it. I wish I had never heard of Linn. I just do not consider LNCO to be a long term hold in my portfolio even if I end up holding 2 years, as I will consider selling every quarter depending on how LNCO performs.