the problem is tat when the deal was announced the first time wmb was 58 pre pop and thats to some point a marking point,one way to deal with this would be to issue 1 share of voting ete shares and a share and a half 2 possibly of non voting shares that become voting after x time
at some point as this drags there will be div issues especially if this 46-50 oil is where we settle
not to mention mos and mos of litigation and skipped divs for all
the div is interesting but this is still a fairly small cap stock,though should 50 be reached id agree,still an interesting idea
in order to get 25x multibles the overall mkt has to allow for that,in otherwords a big rally,im not seeing that,however i am seeing mid 40s at years end
ive said ll along and you have also after the first week of the announcement this deal was destructive,i agree it still is ,its hurtin shareholders immensely,as other stocks climb
had no idea how GOOD earnings were going to be as limp and steve know im pretty cautious,,the reason we know is that guidance was very good and the stock moved on the news,heres a basic for you meanrevers when a stock runs fast and far traders take profit,thats likely what happened,but theres no reason for wbmd not to go back to 65 fairly soon.
thankyou,seriously.this scoreboard belies a certain industry weakness,most guidance is bad to so so.its not infn specific,if this is true infn is dead money for a while til the industry itself gets healthier
im not surprised it retreated,the mkt faded also,we do know that this stock will head higher,from a chart point of view a little back and filling is healthy
this all speaks to the awfulness of the deal,at this point what can ete do to provide what the proposed deal did to damage williams at the time and since.it would have to be better than a 20 percent premium..the kinda basic for most buyouts.
meanwhile wmb is down premkt on bad earnings,ete is up,it tells me that ete should and will bail.i think when this is cancelled both stock selloff on a knee jerk.ete goes up and wmb based on comments and earnings stays behind
with the cloud of ete the report had to be superb,this was ok but the after hrs guys have this down nearly a dollar as 4.47
this also the obama irs,this alone has killed a lot of deals pfe /allegran the most recent,the admin is against consolidation,mean while oil is at 45,and neither stock is really reflective of the this,im concened that both cos have some desire to stall while oil goes back likely to 50 by the holiday season