Tricky #$%$ already tried the third term deal. Didn't work out so well for him. Obamacare will be impacted when you can't find any doctor that will take new patients due to seriously low payments for services.
You would think the insiders that have been buying huge positions the last two weeks would have a better idea of how NLY will perform going forward. Would you spend one million dollars of your own money if you thought the company was going to do poorly?
I show the 50 day ma at $37.81. The stock did bounce from the low $38 range today. You may be right in which case the smart money says to buy at the support levels.
Smells like bs to me. I can go in the open market for any age bracket for my myself and spouse and buy insurance for less that $12k per year in premiums. How can you save $15k per year when the insurance premiums don't come close to costing that much? If the plan actually gets enough young people to enroll there will not be sufficient doctors to see all the new patients flooding the market. It's a big time loser that will be exposed in the next few years. Obama will be humiliated.
As of the close on Friday PVR was at $26.15 and RGP was at $25.93. $25.93X1.02=26.45 plus the .31 cash distribution = $26.75. PVR then closed at a .60 discount to the offering not considering. Assuming that you bought the PVR prior to the X dividend date and counted the .55 dividend as an additional gain and assuming that RGP does not fall in price further then PVR is trading at a $1.15 discount to the offer. What is unknown is if RGP will continue to fall in price. The really safe move is to buy PVR the day prior to the x dividend date and sell afterward and pocket the dividend. PVR's price will be protected by the RGP offer.
This should be trading at close to take out price. Something is not right.
You said $1.89 gain by buying PVR and holding until Nov 4th and .86 afterward. I posted $1.15 counting the distribution from PVR. Where are you getting $1.89?
Liza, why do you think selling the RGP position (or PVR if you own that) makes the past distributions taxable? I have sold MLP's in the past and I don't remember any issue with taxation on prior distributions. Of course there are the capitol gains that would be taxable when you close a position.
Look at your original post second paragraph for the $1.89 number you posted. If you count the distributions from PVR prior to the close of the sale and assuming that they make two distributions of .55 (they may not make the last distribution in view of the pending sale to RGP) the number would be $1.70. If you only count the already announced distribution the number is $1.15.
I wouldn't be surprised if they had another private placement in the near future. Raising cash at these levels makes sense.
Tech-Trader predicts high $22's for a low. The article is available on Market Watch. I am glad I didn't buy any shares yet.
Are you selling the December calls? I thought about selling covered calls yesterday after the run up and didn't get around to making the trade. I can see the long calls working as well if the government gridlock gets settled.
Sanders sold 427,181 shares; Reynolds sold 21,453 shares; Boney sold 343,255 shares; Black sold 26,602 shares; Frumken sold 27,500 shares and Nielsen sold 102,977 shares.
I don't have an issue with you making a huge profit on your short position. I sold what I had left of my long position on the unfortunate news. I did record huge prior profits on the positions I took a profit on. I do have an issue with you taunting the poor unfortunate people that bought this at the wrong time and have lost a lot of money. Be a good sport and drop the "moronz" and "you are all broke" #$%$.
We just started a Blue Cross plan for my family at $645 per month. Pharmacy benefits pay half of covered amount till deductible is met. My plan, not on the Obamacare plan, is far superior to yours and a lot cheaper. All five of our prescription drugs were filled for ninety days for a total out of pocket for us of $89. Better check again.