Thought PBA would take a dump after courageous and principled mayor of Portland stood up for his lunatic base and reneged on terminal pipeline. But apparently, either shareholders don't care or they see situation solved with a few million PBA extortio-dollars. Can you imagine a city that would turn down this many high paying jobs and long-term development and tax dollars because some nuts can't live with a short pipeline carrying liquid propane bound for Asia? North of town Connecting to an existing terminal .
Float (A/t Yahoo) is 178M shares. Times $2.24 annual dividend for each share which comes to about $400M.
Funds available for common shares is $209M. How are they doing this? Ret. of Principal? Am I calculating with the wrong pile of money? Some arithmatician straighten me out. Or, (gulp) am I right?
Vanguard.down 1 1/2 points (about 10%) since announcement. That's 30 cents off EROC deal already. Who knows when this is supposed to close. (sometime in the third quarter??) Is this good for EROC sh'ders? Can't say for certain.
But we all agree that class action lawyers are the lowest layer of society, two steps below pond #$%$
I must say that shareholders in this interesting and growing company are certainly silent when it comes to posting on Yahoo board. Am I the only stockholder" Any comments from anybody on the big run (and lesser pullback) this outfit has made?