1. IPI is doing and will continue to do just fine as the best value in agriculture today. In fact, it may be a buyout target.
2. AGU dependence on potash is miniscule relative to its total business and is highly diversified making it a virtual moat in the industry. Its moat is worldwide diversification in multiple products. That is why its past 10 years has beaten Google in growth.
3. POT is indeed heavily dependent on potash but has bottomed.
4. There is one fact of life you miserable shorts cannot face in the mirror: Agriculture is second only to water and air in meeting the needs for human survival.
:20PM Newcastle Investment announces agreement to acquire $1 bln of senior housing assets from Holiday Retirement (NCT) 5.41 -0.15 : Co announced that it entered into an agreement to acquire a 52-property portfolio of senior housing properties from certain subsidiaries of Holiday Acquisition Holdings LLC for approximately $1.01 billion. The Company expects to invest approximately $300 million of equity to acquire the Holiday Portfolio and to fund the remainder of the purchase price with non-recourse mortgage debt. The Holiday Portfolio includes 52 independent living properties with 5,885 units located across 24 states. The Portfolio is 100% private pay and had an average occupancy rate of 91% as of September 30, 2013. Concurrently with the closing of the Holiday Acquisition, the Company intends to enter into two triple net master leases with affiliates of Holiday with first-year rent equal to 6.5% of the purchase price. Upon closing the Holiday Acquisition and other committed transactions, the Company will have invested approximately $600 million of equity in senior housing assets. The NCT Senior Housing Portfolio, inclusive of the Holiday Acquisition and other committed transactions, includes 99 properties with 12,347 rentable units, and is targeted to generate a 17% FFO yield in 2014.
Does Cooper management have some sort of back office agreement with Apollo?
As soon as shareholders voted, management started agreeing on a lower price?
Vote them all out!!!!!!!!!!!!!!
Chengshan had flirted with making a bid for Cooper before the Apollo deal was signed.
TIme to fish or cut bait for all China investments by ALL corporations.
China is gaining the reputation of ABSOLUTE CORRUPTION based on what I have read.
This is all conjecture but based on my many years working in Asia.
1. Cooper did not use USA accountants in its quarterly audit of its Chinese partner.
2. Apollo likely knew this and may have conjured up a plan to take advantage of the same.
3. Both India and China are famous for absconding with property of their business partners with the stronger winning.
4. Cooper likely has nobody on its Board of Directors or senior executive management who is highly experienced in working with and managing corruption (in this case Asia but can be likewise in Latin America and Africa).
5. Cooper likely did not hire American lawyers with experience working with China which resulted in lack of ongoing over sight. But, using the right legal counsel, on can win in the end. Case in point: Beckman Coulter, Inc. won a $15m settlement from a Chinese partner using proper counsel:
Note: "Beckman Coulter Inc. In connection with this settlement, Mindray will take a litigation related charge of approximately $15 million in the fourth quarter of 2013."
Suggest Cooper secure similar legal assistance.
6. Many American companies make this same mistake and their Chinese partners seek naieve folks like Cooper.
My advice to Cooper:
1. Let this Apollo thing take its course. Let shareholders decide in another vote. Anything under $35 and I will vote NO.
2. Hire legal assistance similar to Beckman Coulter, Inc. did. Sue the Chinese partner to recover whatever they can. Do this IMMEDIATELY.
3. Send complaints to senior authorities in China.
4. Cooper stock is extremely CHEAP and their are plenty of buyers out there if they market their "strategic alternatives". Hire advice for this marketing. No need to pay expensive fees for this (there are lots of high integrity smaller players).
GT current ratio is not even close to CTB: GT Current Ratio (mrq): 1.73 which indicates CTB debt is minor compared to one of its peers.
Pray that Jana Partners is getting out. We need agriculture buyers on the other side of the trade (folks who know agriculture)
FB should be fine so long as they grow revenue at a 30 percent clip, taking ad money from Google.
The net income numbers are so small it is almost irrelevant. Perhaps investors will view FB as a new AMZN where revenue is the only number that matters and profitability is nonsense.
The horrific business practices of the Chinese partner is adding to the shame of doing business in China.
Is it worth it? I don't think so.
If you do business in China it is MANDATORY your accounting people are physically IN CHINA and are NOT Chinese.
Best advice: NEVER do business with China or invest in China. You will LOSE 95% of the time. Corruption galore.
Nobody answered your question.
This will not impact SO long term because SO is transitioning to more sensible energy input sources.
This will impact SO short term due to costs of switching to less polluting sources.
This will impact the coal industry massively and it will get much worse as China slows down coal plant development. Ditto India.
That is the situation right now. Most R&D at universities is government funded. Grant folks at NIH (for example) are deemed "non essential". Of course low level lab technicians are "essential" to care for research projects already ongoing to monitor those virus, bacteria and lab animals (etc),
Deal is not off. No change from $35 offer paperwork filed and shareholders voted on.
If it were the management would be required to report a "material event".
Somebody is spreading rumors.
There is only one offer and it is $35 per share. Shareholders voted on that offer and said yes.
End of story.
All this garbage coming out in recent pundit press releases is just that... garbage generated by sewer rats.
It is going to get worse as more and more tea party folks get elected.
The next round of talks in Congress will determine the future of WAT from USA revenue potential.
I guess outside USA sales could rise as other countries begin to ramp up basic research as USA winds down.