A of day trade shorts try to shake people. AAPL makes over $15 B per quarter or $60 B per year. How many countries can match this figure?
Lets buyback more shares while the price is cheap.
After China, India will be loaded with AAPL products.
China economy is slowing down but most Chinese are not in the stock market and they do not care like here in USA. However, they want AAPL products like iPhone. Even if Chinese stock market crashes, Chinese will buy AAPL products.
iPhone becomes gold standard all over the world.
In bad or good time, high paid or low paid people will use iPhone and mostly iPhone all over the world. It does not matter if they are in USA or China or any other country like Iran, poor or rich, high paid or minimum wage or even people with no job, all will buy their phones and they buy the best one which is iPhone.
Other AAPL products will do the same sooner or later.
Sentiment: Strong Buy
I do not think MPLX wants to break the deal since there is no reason for its action. MPLX is paying much than original price and that is not MPLX problem but MWE problem. Now if MWE is not happy about getting 22% to 40% less than original price then it can walk away and pay $625m fine. End of story. Both companies will be happy again. MPLX will be happy with $625m free cash and MWE will be happy to pay $625m in exchange for not losing $4B or more in the deal. win win for both.
I got negative regarding this deal since both companies knew the outcome.
Whoever blinks from each side ends up with $625 m loss. It will be much worse for MWE since its price will drop 20% or more while MPLX may gain. So, MPLX is sitting with no worry and if it pays less, it does not care. MWE did not do a goo job for this deal and it will be eventual loser one way or another.
No one will offer a higher price while the sector is under pressure.
Not really. Iran has the largest oil reserve in the world and it will start to export it as soon as possible now that the sanction is removed. NG prices will drop significantly and the big boys know it.
So, why not to exit and wait for some stability. MWE like many in OIL/GAS sector may lose over 50% or more.
Sure, it is not a driller but oil prices matter. Now that Iran sanction is removed, it will sell oil at very cheap prices to compete with other Persian gulf countries.
EMES used to trade at $125 and now it is $25 and dropping more. It used to pay a huge dividend but not anymore.
MWE unitholders are cheated by this deal since MPLX is getting a racing horse and returning a donkey.
$2.8 B went to air so far and more to vanish.
How you can tell investors that based on the past for probably a few seconds, MWE price was $79 but now is $65.
This deal smells.
New Investors are the biggest losers and those who had it before the deal better to exit before they lose it all.
MPLX keeps going down and eventually will pull MWE down. Just give it a little time.
It was all about big guys exit at high prices.
If unit holders say no to this merger then MWE drops below its price before merger announcement by $3.5 for the fine which will be around $54.
Unless another company is willing to buy MWE with mostly cash.
Basically, this deal was to attract new investors and then empty their pocket.
No deal is better than a bad deal. Only big guys win on expenses of small guys.
Of course the ant will crash losing all its energy.
But MPLX and the sector have started to drop like the rest of oilers.
Think about it, the deal was a chance for MWE unit holders to exit before shaving. Only management and some big guys knew about it in expenses of retail and small investors.