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Jarden Corp. Message Board

youcanpickum 6 posts  |  Last Activity: Sep 25, 2015 7:43 PM Member since: May 29, 2000
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  • youcanpickum youcanpickum Sep 25, 2015 7:43 PM Flag

    Do you know what the cost and timing was for the two large sales out of ACE3? It seems like those two sales alone are equal to the entire valuation of ACE3 when the assets were put in there. I can't imagine ACAS not knowing that there was interest in these businesses before spinning them out. This has robbed ACAS holders of a great bit of upside. So who are the owners of ACE3 that benefited? And since a sale of a business doesn't happen over night, when were initial discussions begun. It is this slight of hand that has ACAS trading this poorly IMO. With that said, I added another 35k shares yesterday and today and am short 450 of the 13 and 12 puts so I think that ultimately we will see some bump, but view this as a trade now and not worth holding longer term due to the lack of trust

    Sentiment: Hold

  • Reply to

    Compare - NTI / ALDW / CVRR

    by aeinstein_com Aug 26, 2015 2:33 PM
    youcanpickum youcanpickum Aug 30, 2015 9:35 PM Flag

    FIFO could save CVRRs butt when oil spikes and spreads narrow. There is a balance there. If spread rise while oil rises, we get a double bonus on margins.

    Sentiment: Buy

  • youcanpickum by youcanpickum Aug 25, 2015 10:51 AM Flag

    Why should I have been able to sell october 32 puts for 50 and 55 cents just now unless someone is banking on very bad news for WMB or a total collapse which I don't image. I also sold KMI Sept 26.5 for .30! Talk about fear!

  • Reply to

    Annual Div. cut 45%

    by catspaw33129 Aug 6, 2015 9:25 AM
    youcanpickum youcanpickum Aug 10, 2015 2:33 PM Flag

    Distribution is now at a level that the board can slowly develop a history of raises to instill confidence. This is over a long period of time so the effect will not be immediate. We are comfortably at a payout ratio where there will be institutional confidence regarding stability as shown by rating agency removing VER from negative to stable. That is important. At this point I am constructive on the stock and will add on any selloffs.

    Sentiment: Buy

  • Reply to

    $203m write down of SIR shares valuation

    by marek602 Jul 30, 2015 8:15 AM
    youcanpickum youcanpickum Jul 31, 2015 9:07 AM Flag

    They will only write down or up based upon current price of SIR. They don't pick and choose. It has to be a price that is considered to be a new consistent deck level for that to change. With SIR staying down, they had to write it down as other than temporary. Same will go for a write up in value.

  • Reply to

    Consider This

    by xquestor Jul 20, 2015 10:53 PM
    youcanpickum youcanpickum Jul 23, 2015 8:26 PM Flag

    If I sell property with $100 of income and $60 of debt interest, I get the net cash from the sale, but my net income drops by $40. That is oversimplified of course, but it shows that your post is jibberish. FFO drops when a property is sold unless the cash is used to buy another property with the same or higher net cash returns. In other words, if you sell at a 5 cap rate, you must buy a new property with a 5 or higher cap rate to maintain your cash flow. The only time you would permit a lower cap rate is if you have a much greater rent escalator to overcome the higher cost and lower initial cash flow. Still, ARCP is very cheap here.

    Sentiment: Buy

50.90-0.15(-0.29%)Oct 9 4:03 PMEDT