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Crusader XXI

Crusader XXI
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  • Some big Verizon (VZ -0.8%) shareholders seem comfortable with the carrier paying $120B-$130B to acquire Vodafone's (VOD -0.4%) 45% stake in Verizon Wireless. "No way do I dream that $100 billion is going to get this deal done," says Craig Leopold, whose firm (Columbia Management) owns 22M Verizon shares. He estimates even a $130B deal would lift Verizon's 2014 EPS by 15%. One big challenge: Verizon already has $52.9B in debt on its balance sheet, offset by just $9.5B in cash/investments. Even a 50/50 cash-stock deal for the stake would lead total debt to soar above $100B. (previous[View news story]
    I have a postion, though small, in each company.

    A $125B VZ buyout of the 45% VOD position will reward which shareholders the most? And at what future time will it be best to make wining/losing judgments?

    This amount seems to be almost unimaginable but we can understand VZ needing to sever this cord.
    May 6 04:09 PM | Likes Like |Link to Comment
  • Vodafone (VOD) +2.6% after The Sunday Times reports the carrier is "leaning towards making a clean break" with Verizon (VZ), and that a Verizon Wireless deal could happen by summer. Talks are said to be "fluid and free-form," with Verizon shareholders standing in the way of a full-blown merger out of concerns about Vodafone's European ops. The paper also claims Vodafone execs have privately told investors they can "mitigate or eliminate" Vodafone's capital gains tax bill. (previous[View news story]
    I have a position in both stocks.
    Can someone clearly articulate what a Verizon buyout of VOD's 45% ownership will mean? If they agree this summer, when will it most likely consummate?
    Approximately how much will it cost Verizon? What are the likely dividend impact outcomes for holder's of either stock?
    Mar 27 10:19 AM | Likes Like |Link to Comment
  • Philip Morris, Imperial Tobacco, British American Tobacco, Altria Group: Which Is A Better Buy For 2013? [View article]
    Please comment on RAI as a member of this group, briefly. I have recently begun to acquire a modest but long yield seeking position.
    Mar 17 06:18 AM | 1 Like Like |Link to Comment
  • CenturyLink: The Worst Happens After All [View article]
    I am long with both WIN and CTL and was, frankly rocked on my heels with this dividend cut. After 40 years, I believed that the Monroe LA. mgt would have made this decison as the ultimate capital option. It doesn't appear mandatory.

    I keep hoping that they come to their senses, admit a mistake and reverse this action. Highly unlikely.

    But investors need to keep a couple of things in mind: CTL is no longer a "rural" telecom. After the purchase of USWEST they acquired many major league cities, eg. Phoenix, Denver, LV etc. CTL is just behind ATT & VZ for subscibers. Windstream is still considered rural.
    Yet, both companies are not sitting idly watching land lines erode. Each is actively partnering with the major mobile carriers to provide wireless access and both are positioning themselve as providers of "cloud" services; competing for business customers nationally.
    I suggest calm and look forward to acquirig more shares than planned.
    Feb 17 10:11 PM | 3 Likes Like |Link to Comment
  • Seadrill (SDRL -1.3%) raises estimates for downtime for deepwater rigs in operation during Q4 to ~100 days from a prior 41 days, due to BOP issues on several of its rigs. Q1 2013 results will be impacted by the West Hercules taking longer than expected to begin its next assignment. Also, SDRL orders construction of two jack-up drilling rigs with Dalian Shipbuilding for ~$230M. [View news story]
    Long investor in SDRL for the excelllent yield. What is BOP?
    Feb 5 10:13 AM | Likes Like |Link to Comment
  • Celestica Announces Terms of US$175,000,000 Substantial Issuer Bid [View article]
    I have a small holding of this stock. What is the current thinking relative to the auction?
    Nov 23 10:15 AM | Likes Like |Link to Comment