Seeking Alpha

2whiteroses

2whiteroses
Send Message
View as an RSS Feed
View 2whiteroses' Comments BY TICKER:
Latest  |  Highest rated
  • AudioCodes: A Pullback To Own [View article]
    Interesting reminder about the new shares diluting EPS.... I was wondering whether or not that could be construed as a positive indicator for expectations for the quarter - meaning, is it possible that Codes determined the size of the secondary, remembering they didn't do the full authorization, by an amount they thought might not alter the analyst EPS projections prior to the dilution? Is it possible mgmt sort of reverse calculated the number of shares to issue based on their best estimate of a positive earnings surprise they can report this quarter vs. previous street expectations? Conspiracy theories are always fun!
    Apr 9 09:32 AM | Likes Like |Link to Comment
  • An 11.1% Current Yield And Upside Potential For Your Income Portfolio [View article]
    I have to wonder about research that begins by incorrectly identifying where the company is headquartered....
    Mar 13 11:24 AM | Likes Like |Link to Comment
  • Gyrodyne Could Make For A Tasty Liquidation Play [View article]
    If you're really upset about not knowing after all this time, you might try what I did and write to the President of your brokerage firm... That does get their attention normally. Though I have no idea whether or not this speeded up the process at TDAmeritrade, I have been dealing with a rep from their Office Of The President..... Apparently, this is not out of the ordinary for these special dividend types of events, but to me, that shouldn't be an excuse.... The special dividend was announced at least 2 months prior to the first distribution. That should have allowed plenty of time for all mechanisms to be in place so holders would not experience this confusion.... There should be no excuse for the inability to identify and credit shareholder's their distributed dividends 2 months after payment, be they special or not.
    Mar 1 05:04 PM | Likes Like |Link to Comment
  • Gyrodyne Could Make For A Tasty Liquidation Play [View article]
    Sorry I didn't report sooner but I couldn't find my way back to this article.... BV, I think you've got it backward, at least from what TD Ameritrade is has shown in my account.... They have posted one security, identified by a number only, which is share for share the amount of my original GYRO holding. I know (it's not in doubt) that security to be GSD. The second issue is identified as GYRODYNE CO AMER INC RESTRICTED SUB NOTE 5% and obviously it's the note.... However, TDA is having trouble figuring out how to define the amount I own. The master note is actually one single note with a single par value of $16,150,000 so the note owners all own an appropriate fraction of that note based a dividend value of $10.89/share you owned of GYRO shares on date of record 12/31. In my case I had 1000 shares of GYRO that qualified and TDA is showing a quantity of "10.89m." On the surface, that would not be accurate as an amount, but it does give me an indication of the value of the holding... As everything regarding these two special dividends has been slow in being defined and reported to shareholders, I suspect both TDA's current description for GSD by number only and description of the note will eventually be refined more... For added clarification of the note, I will share that I was told that the easiest way to explain what we have is there is one master or global dividend note in the amount of $16,150,000 and with 1,482,680 shares outstanding, that should equate to an interest of $10.89 per share in the master note.



    Feb 27 08:07 PM | 2 Likes Like |Link to Comment
  • Harris & Harris Group Announced as Top Ranked High-Tech Investor by SBIR Source and as an Investor in Innovation by Forbes.com [View article]
    I can't help but marvel at the irony of Harris&Harris gloating over being named a top investor in technology when any investor in TINY has proven to have become a bottom of the barrel long term investor by investing in it, thanks to your own business model. Anyone who has been a long term holder of TINY has been fortunate at best if they've seen any positive return whatsoever. So congratulations, Harris & Harris, on your being named a top investor of any kind! Undoubtedly, you have earned the respect of your long suffering shareholders for being named so.
    Feb 23 05:20 PM | Likes Like |Link to Comment
  • Preferred Stocks With A Pop [View article]
    Thanks, Rich.... and thanks, Chris!
    Feb 14 02:22 PM | Likes Like |Link to Comment
  • Preferred Stocks With A Pop [View article]
    Chris - I'm confused about what you're saying about CWH. You say they have a Board of Directors but no internal management and then say that future management will include Sam Zell and David Helfand as Chairman and CEO. Does that mean they are already moving away from the Portnoys without the activists intervention?
    Feb 13 05:04 PM | Likes Like |Link to Comment
  • Gyrodyne Could Make For A Tasty Liquidation Play [View article]
    And here's the exciting email info I got from the Transfer Agent today.
    Hello,

    As your shares are with Ameritrade we would not have any information, please contact your broker.

    Investor Relations Department
    Registrar and Transfer Company
    800-368-5948

    GYRO informed me that "confirms on the dividend notes were sent to the registered shareholders and will be sent to the brokers today [Tuesday]. Can't gty how or when they will show up in ...accounts."
    Feb 12 09:31 AM | Likes Like |Link to Comment
  • Gyrodyne Could Make For A Tasty Liquidation Play [View article]
    Not unexpectedly the way this entire special dividend situation has been going, reported information continues to change.... Despite what RTCO told me two days ago, yesterday my same contact said that information for individuals will NOT be available directly as I am not their client, the broker is.... They said the bulk information of ownership for clients of the brokerage houses was sent to the brokers, yesterday and that in order for me to get specific info on my ownership shares, I'd have to get it from the broker.... I have a call in to Ameritrade once again. If I should succeed in confirming ownership accurately, I will post again.
    Feb 7 11:22 AM | Likes Like |Link to Comment
  • Gyrodyne Could Make For A Tasty Liquidation Play [View article]
    No. The Special Dividend Note is a non-transferable note that pays 5% and participates on a percentage basis in the liquidation proceeds of GYRO estimated to take place over the course of the next two years.
    Feb 6 03:08 PM | Likes Like |Link to Comment
  • Gyrodyne Could Make For A Tasty Liquidation Play [View article]
    I did the same thing yesterday in a conference call with RTCO and Ameritrade and was told essentially the same thing from RTCO. However, I was also told that once they have reported my ownership position to me verbally, they will be willing to email confirmation upon request. I was also told that what should be available today will be regarding GSD only, and the confirmation of ownership for the Special Dividend of Jan 31 will follow quickly thereafter.
    Feb 6 02:14 PM | Likes Like |Link to Comment
  • Special Opportunities Fund: Pure Alpha Generator [View article]
    It is helpful... Thank you.... It does make you wonder, though, the net effect of announcing the preferred call AFTER the dividend seems is to wipe out the dividend paid to shareholders because of the executed share price for the shares purchased.. Wouldn't announcing the call first have been a more shareholder friendly way to handle things?
    Jan 28 06:39 PM | Likes Like |Link to Comment
  • Gyrodyne Could Make For A Tasty Liquidation Play [View article]
    My investment is in my IRA, so my case may not be relevant.... no withholding taxes applied..
    Jan 28 04:36 PM | Likes Like |Link to Comment
  • Gyrodyne Could Make For A Tasty Liquidation Play [View article]
    I know I haven't... have asked Ameritrade twice about it and it always seems to be a "check is in the mail" type answer.... I wonder if we're going to have the same problem with the 1/31 dividend since it's not going to be transferable.........
    Jan 28 01:44 PM | Likes Like |Link to Comment
  • Special Opportunities Fund: Pure Alpha Generator [View article]
    Does anyone know whether the action of forced conversion of the convertibles in of itself has an impact on how the NAV is calculated? I realize there's an option to take cash, but no one's going to do that, so will the increased share count impact NAV or is the disappearance of the convertibles make it a wash? I'm admittedly clueless.
    Jan 28 11:22 AM | Likes Like |Link to Comment
COMMENTS STATS
93 Comments
31 Likes