Today I added SCG to my holdings. SCG is being acquired by Dominion Energy (D) in a stock for stock merger. In the merger SCG is to receive 0.669 shares of D. I already hold less than 2.5% of D. With this addition of SCG and the expectation of the merger going through, brings it […]
Buy SCANA Corporation (SCG) Read More »
Current Price: $80.17 Average Cost: $41.43 – 1/23/15 (+94%) Dividend Yield: 1.5% EBITDA: $2.931B Shares Outstanding: 370M My fair market valuation is $63.37. Roughly 27% over-valued at current price. Current environment is of a rising market. Manage position with the use of call writing. Keep odd lots as well. Sold Jul-20 $80 calls @ $4.80
Tyson Foods (TSN) Review (20180126) Read More »
The long awaited announcements from GE are now in. Dipping my toes in, ever so slightly. GE will focus on 3 sectors – Healthcare, Aviation, and Power. Cutting quarterly dividend in half to $0.12 share, $0.48 annual. Also downsizing board to 12 from 18. Certainly no short supply of skeptics out there. Pretense is long-term
Price: $34.75 Action: SELL Swift Transportation and Knight Transportation (KNX) announced a merger. Press release indicates cost savings of $16M after deal closes to as high as $75m by 2019. There are always challenges related to merger regarding cost benefits. This merger for benefit of cost and not for growth. Sold positions.
Sell – Knight Transportation (KNX) Read More »
Special Situation: Company is set to announce Q4 results on 1/25/17 (amc). Again, as last quarter, expecting the stock price to be punished due to less than desired expectations. My focus and attention on the quarter results and listening to the conference call will be on effects of the ongoing revamping of eBay search, in
EBAY $30.21 (Bearish) Read More »
WHR (172.50) Disappointing quarter announcement. Management reaffirms guidance. Also announced $1 billion share repurchase along with a 11% quarterly dividend increase to $1.00 from $0.90. Used limit order at $172.50 in the morning during the volatile trading frenzy.
ADT (41.93) With the looming buyout from Apollo Group almost near, the price is .2% from it buyout price of $42.00. Considering that fee would be charged for a reorganization fee that is exorbitant higher than a normal commission, I’m exiting the position at this time, forgoing any additional gains when the transaction is complete.
Horizon Pharma PLC (HZNP) $13.30. Added a new position in HZNP on Tuesday. Certainly a Special Situation. This issue normally would not have passed my scrutiny nor even come across my radar, but when a $2.17B business drops almost 27%, and you hear from an award winning analyst (talking his book or not) that the
