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Qniform

Qniform
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  • How To Arbitrage The Upcoming Kinder Morgan Consolidation [View article]
    I have written KMR NOV$85 puts, for a equivalent KMI price in the $34 range (less premium collected). Since doing that, the premium has shrunk, so some arbitrage is already evident. I was already a heavy seller of KMI $32.50 puts with earlier expirations. Looks like I'll be keeping just the premium collected.

    As for the summary bullet "KMI consolidation will make the firm the third-largest oil company on the planet..." one would have to define the category very loosely.
    Aug 13 06:36 PM | Likes Like |Link to Comment
  • Paragon Offshore: Classic Spin-Off With High Dividend Yield [View article]
    In my experience a credit facility is (always?) senior to even secured bonds. I think their credit rating reflects a going concern with current contracts and/or customer relationships. I haven't compared their rating with other similar companies to see if it seems anomalous.

    As for the "loose covenants," can you give a citation what you mean? Please reference http://bit.ly/1vJyOI2
    Aug 13 06:17 PM | Likes Like |Link to Comment
  • Kinder Morgan Disassembles For Greater Growth [View article]
    A better article title would be "Kinder Morgan RE-assembles For Greater Growth."
    Aug 13 03:12 PM | 1 Like Like |Link to Comment
  • Cimatron: High-End Software Company On Deep Value Metrics [View article]
    They will now be paying a future div based on a target of 50% distributable profit. For this period it looks like that would have been .06. Could yield 4% or so.
    Aug 13 01:25 PM | Likes Like |Link to Comment
  • The Shadows Of The Bond Market's Past - Part I [View article]
    Very interesting article. More creativity in choice of subject than I'm used to seeing on SA. Thank you.
    Aug 13 12:56 PM | 2 Likes Like |Link to Comment
  • Here's The Alarming Table Kinder Morgan Doesn't Want You To See [View article]
    For KMP and EPB it is. For KMR it is a like kind exchange.
    Aug 13 01:28 AM | Likes Like |Link to Comment
  • Baxter International: A Spin-Off Play And An Increasing Dividend [View article]
    Thanks for the article. BAX is a great company.

    I think a little more color on the upcoming BAX855 phase 3 milestone would be nice, since it bears directly on their ability to keep and grow their hemophilia market share in the face of the new competition from BIIB. http://bit.ly/1otyZ6x
    Aug 13 01:25 AM | 1 Like Like |Link to Comment
  • Here's The Alarming Table Kinder Morgan Doesn't Want You To See [View article]
    And speaking of the sector, the numbers in the second chart compare apples and oranges - the debt ratios held by KMI are better compared with utilities, which are equally capital intensive businesses. Epic fail at both a face saving article and a sour grapes piece.
    Aug 12 04:13 PM | 17 Likes Like |Link to Comment
  • Kinder Morgan Merger Is A Win For All [View article]
    You're too kind RJ. I think the only rule which will help avoid these kinds of complaints is a test required for anyone wishing to participate in the market. Then again, I think prospective parents should have a similar test, so WDIK.
    Aug 12 04:02 PM | Likes Like |Link to Comment
  • Kinder Morgan Merger Is A Win For All [View article]
    Hi Richjoy. It actually was somewhat anticipated in options trading. I agree that whatever speculation there was for 1-2 months actually assumed a GP take-out which has been the industry norm.
    Aug 12 01:01 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Merger Is A Win For All [View article]
    To all who keep posting tax questions: talk to your CPA. Your basis and duration of ownership make your situation unique. Expecting a question to be answered here is silly.
    Aug 11 11:26 AM | 3 Likes Like |Link to Comment
  • Kinder Family Consolidation, Please Post Your Informed Comments.  [View instapost]
    <but no info on tax considerations>

    "You can lead a horse to water..."
    Aug 11 01:53 AM | Likes Like |Link to Comment
  • Kinder Family Consolidation, Please Post Your Informed Comments.  [View instapost]
    On the contrary. Forwarned is forearmed.

    http://bit.ly/1nGOAcY

    A look at footnote #3 on page 13 is a good place to start for any holder of KMP and EPB.
    Aug 10 09:21 PM | Likes Like |Link to Comment
  • Kinder Family Consolidation, Please Post Your Informed Comments.  [View instapost]
    Quite a tax hit coming for KMP and EPB holders. I assume that KMR will be like kind and not a taxable event.
    Aug 10 09:12 PM | Likes Like |Link to Comment
  • Paragon Offshore: Classic Spin-Off With High Dividend Yield [View article]
    Saving the 15% qualified dividend tax covers a lot of commission.
    Aug 9 04:03 PM | 2 Likes Like |Link to Comment
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