I think you are not what you say you are as ice stated the record date was july 14 but you can vote ALL the way up to aug 20th.and they dont need 2 weeks to count the votes they dont even need that amount of time in the presidential election I feel that you are the blovoating buffon, I have voted before in these deals and you can wait until the last day but I never did. They use computers today and not fingers to count.
that is imo a very short term non productive view, for a 4 cent per month distribution you are willing to give up a dollar or two in stock appreciation and selling of assets in 2017 if oil prices dont dramatically increase The price of the stock tells you that this is in serious financial shape and they need to take measures promptly to correct that impression and not wait til later. I would rather that things were improving then reinstitute the distribution and then raise it as things get better. AS cheapstake has stated we owe 3.6 billion in debt and it is going up not down. we need to get this under control and paying out a distribution is not the way to do it. the banks will require it in April 2016 and may ask for a reduction in credit line requireing selling future income assets. You could only want that if you are short.
thanks, but I am not in love with it and that is why only 1k shares and not 50k shares. It is lunch change. I hope to make 2k or so in the next 3 months. on a 29k investment (stock less options) I think it is real doable. the arm wrestling is a good example but it is all about money, jobs, egos.and not stockholders. I like CA law allowing the stockholders to overrule the bod and execs. stockholders should always rule. In this case the stockholders are big money mutual funds with more knowledge than retail. I have seen CEOs and BOD (friends of CEO) ruin companys and overpay CEO The real issue here imo is thier jobs and paychecks and not stockholders interest long or short term but I plan on making money on it. I think it goes to court and they are kicked out of their jobs but at great cost to stockholders.that can never be retrieved as it is given away to lawyers and parachutes/
I should have added and the stockholders of both will pay for it. on DEPOs part it is an abuse of power at least under CA law imo and I like CA law on this issue.
yes I know i read the sec filing, but my take was negative in that they were trying to rescind the order not make a deal and that the issue of naming a slate was not a requirement of a meeting just a reason given for not allowing a meeting yet. It is all negative and delay, no effort to work towards an agreement. The only way this gets done is with a court order and removal of BOD and execs kicking and screaming by a shareholder vote This will get a lot uglier before it is done. It will be a battle royale, the lawyers will make millions.
freddy, I just bought a very small amount of DEPO recently and immediately sold aug calls then I rolled those out to dec $35 calls, I did this because i could make 17% if it didnt happen before Dec calls expired, or it went over 35 by dec expiration or I could make 6% if the price stayed at 30.97 where I bought it. I feel it is range bound currently unless they start to negotiate and then there is some upside otherwise this goes to the courts and depo sits here on this price. So I am just clipping a coupon for an annual yield in excess of 15% but in a small amount 1k shares. One way or other I will be out before december
it should because if merged the earnings related to DEPO would be taxed at 15% and not35% giving higher earnings and more worth than you get if not merged, I also own both.
I think you are being conservatively here, first the current offer is 35 and if it goes away this goes back to 22 to 24 but that is quite a ways off at this point. This will not be settled for at least 6 months IMO. The thing that would worry me as a dEPO stock owner is why is it got a cap of 33 and not able to get over it even with a 35 offer or does that offer go away if HZNP wins in court and gets a new board.to the 33 offer
the question I would be asking is do I make more being bought out by gaining great tax considerations for future growth and does Hznp grow as rapidly as what depo is and that is the bottom line on how you do . While depo is a great stock so is hznp so both will be growing or why buy depo but what you dont have is Irish tax basis and that will add greatly to your current investments worth under hznp as that will increase earnings 20% that you dont have now
ed. what i would caution is to be careful for what you wish
because if you get your wish for hznp to walk away about 1/3 of the value of your stock holdings in depo walks with it.
stalling tactics, too early for a slate, the slate is presented and as they vote on them they replace current owners, the legal action was to get rid of the poison pill parts to doing the above replacement and owning stock or even calling for a meeting.
let me try to make it clearer, you, kingjosesmith, work as a manager for a company and someone wants to buy your company and fire you at your very high paying job, would you be them vs me? the bod and the execs are going to lose thier cush jobs and pay and they see it as very detrimental to thier livelihoods and status so they dont want it to happen at any price.
i own about 90k shares and it was disappointing to me that they said it was safe, long term I feel it would be better for the company to discontinue it NOW and start paying down debt immediately, if nothing else it would give us credit availablity for future deals or business. The distribution is not as important to me as the stock price which is pathetic presently unless you are buying today unfortunately my cost basis is slightly under $7
the best news in the CC is they are still working on other deals so maybe they do another big deal and walk from this one, it would make depo bd and execs happy and a few of us on this board.
my experience in doing M&A trades is that CEOs have such egos that they could never admit they are paying too much and walk away, the problem here is that DEPO doesnt want to sell and retire they want to keep their nice jobs and Payroll so it will go through the courts and cost both a lot of money the problem here is does TW end up paying too much for a opiod company.
I am a large Hznp stock holder and I think the DEPO board has done an excellent job of getting the price raised to date without even making a counter, they are the best I have seen but when you dont want to sell it is easier to turn down offers. Hznp has now raised offer to $35 from the initial 29.25 how can you say they are shooting theirselves in the foot, the deal has not collapse and is still going forward in high stakes fashion. So far DEPO is the better poker player. Yes Hznp is suing to get a vote but heck they keep raising the price to where they are 20% higher than the first offer..
this is nothing but a typical ambulance chasing law firm action they file when you say no or when you say yes to mergers, they are the #$%$ of the earth blackmailing for pocket change. They should all lose thier licenses
it would be if they continue to offer so many dollars worth of stock but not if they offer them one share for one share then you would close at the closing price of hZNP.