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steppppo

steppppo
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  • Baxter moves ahead on Baxalta spin-off; share dividend declared [View news story]
    Hmm. What broker do you use?
    Jul 2, 2015. 10:06 AM | Likes Like |Link to Comment
  • Baxter moves ahead on Baxalta spin-off; share dividend declared [View news story]
    If you own 50.25 shares of BAX, you will receive 50 shares of BXLT and cash for the 0.25 fractional share.
    Jun 8, 2015. 09:50 AM | 2 Likes Like |Link to Comment
  • Baxter moves ahead on Baxalta spin-off; share dividend declared [View news story]
    Rich -- this is from the press release:

    For each share of Baxter common stock held of record as of the close of business on June 17, 2015, Baxter shareholders will receive one share of Baxalta common stock. Shareholders will receive cash in lieu of fractional shares. The special dividend is expected to be paid on July 1, 2015.
    Jun 5, 2015. 05:33 PM | 12 Likes Like |Link to Comment
  • First Northwest Looks Like An Easy Win [View article]
    PBIP has done well.

    BNCL has also done well. Happily, I invested before it was written up in Barrons last week.

    And, although it's not a conversion, FSGI has turned out to be a nice little bank to own. It's being acquired by a private bank that plans to IPO at some point in the future. If you have time, I'd love to hear your thoughts on that deal. FSGI shares are trading above the cash tender offer. If you decline the cash offer and hold on to the FSGI shares, you'll receive shares in the private bank. Not sure when they plan to IPO but I'm planning on holding onto the shares.
    May 29, 2015. 09:42 AM | Likes Like |Link to Comment
  • First Northwest Looks Like An Easy Win [View article]
    PBIP has done very well.

    BNCL is also a good one. Happily, I bought before it got written up in Barron's last week.

    And, although not a conversion, FSGI has turned into a nice little bank to own. It is being acquired by an private bank that plans to IPO at some point in the future. As a result, FSGI is currently trading higher than the cash offer. If you hang on to the shares, you'll receive shares in the unlisted acquiring bank. I think I'm going to hang on to the shares and see what happens with the future IPO.
    May 29, 2015. 09:38 AM | Likes Like |Link to Comment
  • First Northwest Looks Like An Easy Win [View article]
    Nice one, Profit. I have some cash and I think I'll deploy a little here.

    I really like the conversions. I'm late to this area of investing but it's been wonderful so far.
    May 28, 2015. 02:14 PM | Likes Like |Link to Comment
  • Voya beats, ROE heads higher [View news story]
    Agreed. I can't believe it's not up more this morning.
    May 6, 2015. 09:43 AM | Likes Like |Link to Comment
  • Chris DeMuth Jr: Event-Driven Portfolio For May 2015 [View article]
    Seriously. I can't understand all the animosity. Chris has been a great resource over the years here on SA. I've probably learned more from him than any other contributor here.
    May 4, 2015. 10:06 AM | 12 Likes Like |Link to Comment
  • Weird Stuff For Sale By The Government [View instapost]
    Lol. There's a vintage 1931 fire truck coming up for auction.
    Apr 17, 2015. 02:16 PM | 2 Likes Like |Link to Comment
  • ING US - Unloved, Underappreciated, And Undervalued [View article]
    I would add one more way to win: management raises the dividend.

    In my mind, that would be an easy win based on the firm's earnings thus far.
    Apr 17, 2015. 01:40 PM | Likes Like |Link to Comment
  • ING unloading the rest of its Voya stock [View news story]
    Speaking of the warrants, do they trade on an exchange?
    Apr 16, 2015. 12:36 PM | Likes Like |Link to Comment
  • First Security Group sold to Atlantic Capital for roughly $160M [View news story]
    Not much premium and no way to value the Atlantic Capital shares since they are not publicly traded.

    Same press release says Stone Point Capital will do a private placement in Atlantic Capital for $12.60 per share. That's about equal to what FSGI shareholders are receiving.

    So, I guess I can hold on and see if Atlantic Capital plans to go public at some point or pay dividends? I've never been in this situation so I'm just not sure what to do.

    -- Edit --

    Just started reading through Atlantic Capital's shareholder materials. They do plan to go public at some point. That's a good thing I think.
    Mar 25, 2015. 06:25 PM | Likes Like |Link to Comment
  • Books For Young And Aspiring Investors [View instapost]
    +1 for The Big Short.
    Mar 12, 2015. 10:21 AM | Likes Like |Link to Comment
  • Canadian lenders give more ground as Barclays downgrades [View news story]
    For what it's worth, I am receiving 41 U.S. cents per share on the next pay date, which Scottrade lists as 1/31/15.

    I realize the exchange rate will fluctuate but if the payout stays around the 40 cents USD mark, it will translate to a 4% yield at yesterday's close.

    From what I can tell, Google is converting the .47 CDN dividend from the TSE listing to .40 USD for the NYSE listing.

    In any event, I still think it's a good time to be greedy here.
    Jan 31, 2015. 09:40 AM | Likes Like |Link to Comment
  • Canadian lenders give more ground as Barclays downgrades [View news story]
    Agreed. TD is reaching 4 percent yield. Time to get greedy, IMO.
    Jan 30, 2015. 10:02 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
236 Comments
166 Likes