So i understand that exchanging unsecured debt by second lien secured debt they actually have reduced total debt in nominal terms. Financial enigineering. nice move ,so does anyone know how much unsecured notes they bought back ??
Sentiment: Strong Buy
In my View the Pfizer -Allergan deal is not translating into visible tax advantage . A Pfizer-GSK would be a different story though.
.But anyway ,why would Pfizer would pay 45 % premium for GSK? i mean why not just 25% or perhaps 60% .Where did you get that funny number 45 %.? Lol
Under the new irs regulations are pushing for a harder policy agains us corporation trying to change domicile. Under this assumptions gsk would be a very desirable acquisition for any of the big us pharmaceutical corporations. Allergan -Pfe deal was structured before the new IRS regulations took place.
Want to make the point clear there is a new mandatory that limits a third country domicile. Any deal with a direct UK corporation would not be an impediment to getting a new tax address. So in simple english any UK corporation would be a great acquisition to lower taxes.
IRS new rules will curtail PFE or any other US corporation to evade taxex .
Sentiment: Strong Sell
I think i will buy Icahn some lube ,hope he has not hemorroids so far ......... Basically i really dont give a damn if this PS goes up or down anymore. Better if they liquidate perhaps will get 7 or 8 PS ..hopefully.
he is been lost for years. his only memorable call was gold up in 2007. All his other calls are still in the closet.
One UK Prime Minister the other LYG Top Officer. They made LYG share holders pay for their disastrous performances.....#$%$....8 y after with all former shareholders in Bankrupt now they are releasing a final report.. HAHAHA pigs. Gordon i hope you are in a fosterhome by now and without diapers.