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Dick's Sporting Goods Inc. Message Board

pezaguy 10 posts  |  Last Activity: Feb 11, 2014 2:42 PM Member since: Aug 28, 2000
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  • Reply to

    up big

    by bartiromo_rules Feb 10, 2014 12:29 PM
    pezaguy pezaguy Feb 11, 2014 2:42 PM Flag

    I think it might have been a short covering his position and since TLF is so thinly traded he had to pay up. I too saw no news or any rumors; plus the stock fell back almost to the previous close by end of market. Let's keep our fingers crossed for a breakout this year!

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Feb 5, 2014 3:49 PM Flag

    That's great news for NICK shareowners. I'm glad that's settled. Good luck to all NICK longs and good luck to PSEC.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Feb 4, 2014 6:59 PM Flag

    I have not seen the prospectus and I hope the situation I experienced a few years ago doesn't happen. I searched then and couldn't find anything in print to explain it. Again, that situation was a Canadian company buying another Canadian so maybe that was unique. This appears to be a US company buying a Canadian so I assume it will be a 'normal' transaction. I went ahead and sold my NICK and will buy into PSEC in 'sections'. I divided my NICK funds into fourths and have already bought 2 times, so 1/2 of my original NICK in now in PSEC. Below I cut-n-pasted a section of NICK's SEC Form10-K:

    Item 1. Business
    General
    Nicholas Financial, Inc. (“Nicholas Financial-Canada”) is a Canadian holding company incorporated under the laws of British Columbia in 1986. The business activities of Nicholas Financial-Canada are conducted through its two wholly-owned subsidiaries formed pursuant to the laws of the State of Florida, Nicholas Financial, Inc. (“Nicholas Financial”) and Nicholas Data Services, Inc.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Jan 31, 2014 5:21 PM Flag

    BTW, I did sell my NICK shares and booked my long term gains and with the proceeds I bought PSEC.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Jan 31, 2014 5:15 PM Flag

    Joey - I guess the main company is Canadian because as shareholders the dividends we received have a foreign tax withheld. I imagine their US susidiary is the one based in Florida.

  • Reply to

    Potential Canadian problem?

    by pezaguy Dec 18, 2013 7:51 PM
    pezaguy pezaguy Jan 24, 2014 7:27 PM Flag

    I'm not Canadian. NICK's U.S. headquarters are in in Florida, but the company is Canadian. That's why when we get a dividend, foreign tax is withheld.

  • TLF's stock hit a yearly [and all time] high in interday trading {9.77} today. Maybe I will get to see this stock reach double digits after all. Hmm, I wonder if there is some news soon to be released. Maybe a buyout?

  • Several years ago [2008] I had stock in a Canadian coal company which was acquired by another Canadian coal company for part stock and part cash, $82 per share. When the deal closed, the broker withheld 15% of the gross buyout price as a Canadian tax. They said it was a Canadian rule. I understand the 15% tax on dividends, but 15% on the gross sales price in a buyout? To top it off the amount they withheld was NOT labeled as Foreign Tax Withheld on my 1099 and the broker would not put it on my 1099, citing US tax rules.

    If that practice hasn't changed, I assume Canada will charge 15% on the $16 per share price put on this buyout, so I'll probably sell before the final date. But....I hope...maybe since there is no cash involved Canada will not charge the 15% tax on the gross. If anyone has a similar experience with Canadian registered stocks being acquired, please share any info.

  • Reply to

    Interesting deal at $16 in high yielding PSEC

    by smaycs4 Dec 18, 2013 5:30 PM
    pezaguy pezaguy Dec 18, 2013 7:05 PM Flag

    I doubt they had a higher offer. If so and they didn't take it they'd be open to real legal action, not just these trolling law firms that appear with every merger. I'm disappointed that NICK didn't command a higher price. I bet most stockholders are disappointed.

  • Us shareholders just can win, can we? TLF reports very good sales and earnings and the stock falls 2%. I wish someone would just buy this company and end my hopes for one day seeing a double digit stock price!!

DKS
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