Seeking Alpha
  • Ocean Man
    Figured out what happened to LINE yesterday. Their Linnco spinoff IPO priced under the expected range, thus raising less money.
    10/12/12
    Reply (14)
    • Energysystems: LNCO seems very interesting to me. They'll own something like 14% of LINE shares, while helping pay down debt for LINE, sounds good to me
      10/12/12
    • Clayton Rulli: Nice, you do your HW!
      10/12/12
    • Clayton Rulli: Would be interesting to learn about LNCO vs LINE. shares come out next friday i think
      10/12/12
    • Energysystems: Nice morning bump in LINE. Up 2%. I thought shares of LNCO start today and the IPO closes on the 17th? Not too sure what that means tho.
      10/12/12
    • Ocean Man: Read that LNCO exists solely to buy shares of LINE.
      10/12/12
    • Energysystems: That's true, they'll own 13.2% of LINE shares, but LINE will use that injection of cash to pay down debt.
      10/12/12
    • Iwant2fly: I understand that LINCO will trade as a stock without the K-1 implications of an MLP. Attractive for IRAs?
      10/12/12
    • Energysystems: Yes. That's where I'll be having my position in.
      10/12/12
    • Russell Katz: It is a very interesting opportunity I personally invest in LNCO today. I think we might see an increase once they add on the dividend.
      10/12/12
    • liveincramerica: Anyone know about LNCO dividend?
      10/12/12
    • Energysystems: divi will be "healthy", found an article last night, will find again. Compared distribution rate to dividend rate quite favorably.
      10/12/12
    • Russell Katz: $LNCO has an estimated dividend of $2.84. If this is the case it will be $0.06 less then $LINE http://bit.ly/RCLwjG
      10/12/12
    • liveincramerica: I would appreciate the article. Thank you.
      10/12/12
    • Energysystems: Russell's link has the same numbers I saw last night.
      10/12/12
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