Comments on: Giveaway, BCE and Weekend Highlights http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm Building Wealth through Saving and Investing Sat, 21 Nov 2009 03:00:37 -0500 http://wordpress.org/?v=abc hourly 1 By: poker books http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64437 poker books Mon, 15 Dec 2008 18:10:21 +0000 http://www.milliondollarjourney.com/?p=740#comment-64437 thanks for the information i will apply that. thanks for the information i will apply that.

]]> By: Dividend Growth Investor http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64245 Dividend Growth Investor Sat, 13 Dec 2008 19:22:00 +0000 http://www.milliondollarjourney.com/?p=740#comment-64245 Merger arbitrage is a very tricky business. I made double digit gains from CEG. However on my next deal for ROH i am sitting at a 5% loss. The problem is always that if the deal doesn't go through the stock will be at least 50% lower than the offer price. The positive for BCE however is that they are reinstating the dividend and are starting a share buyback. The quarterly payment is 0.365/share, which at 17.40% nets to about 8% dividend yield. Based off last years earnings of 4.44 share it seems that the payment is also adequately covered.. Merger arbitrage is a very tricky business. I made double digit gains from CEG. However on my next deal for ROH i am sitting at a 5% loss. The problem is always that if the deal doesn’t go through the stock will be at least 50% lower than the offer price. The positive for BCE however is that they are reinstating the dividend and are starting a share buyback. The quarterly payment is 0.365/share, which at 17.40% nets to about 8% dividend yield. Based off last years earnings of 4.44 share it seems that the payment is also adequately covered..

]]> By: Sarlock http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64244 Sarlock Sat, 13 Dec 2008 19:10:49 +0000 http://www.milliondollarjourney.com/?p=740#comment-64244 And now we know why there was a risk spread between share price and buyout price... And now we know why there was a risk spread between share price and buyout price…

]]> By: Finance_Addict http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64173 Finance_Addict Sat, 13 Dec 2008 04:36:21 +0000 http://www.milliondollarjourney.com/?p=740#comment-64173 FT: I suppose it was this comment from you on Nov 26: wearyBear, I’m happy that I didn’t buy into this one. :) As of today, they are predicting that the deal will not be completed by Dec 11th and there is even speculation that the deal will fall through. Regardless...you are clearly open with your trades. No negative tone intended. I'm a big fan of your site. FT:
I suppose it was this comment from you on Nov 26:

wearyBear, I’m happy that I didn’t buy into this one. :) As of today, they are predicting that the deal will not be completed by Dec 11th and there is even speculation that the deal will fall through.

Regardless…you are clearly open with your trades. No negative tone intended. I’m a big fan of your site.

]]> By: The Financial Blogger http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64165 The Financial Blogger Sat, 13 Dec 2008 02:19:02 +0000 http://www.milliondollarjourney.com/?p=740#comment-64165 hey Thx for the mention! Congrat on the 2 years... $450... I will have to be more generous next year ;-) cheers, Mike. hey Thx for the mention!

Congrat on the 2 years… $450… I will have to be more generous next year ;-)

cheers,

Mike.

]]> By: FrugalTrader http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64152 FrugalTrader Fri, 12 Dec 2008 23:40:17 +0000 http://www.milliondollarjourney.com/?p=740#comment-64152 Finance_Addict, where did I say that I was "lucky" to avoid the BCE mess? I am very open about my trades, and I've made many mistakes. Who's to say that I didn't jump into the BCE merger arbitrage after my post? Finance_Addict, where did I say that I was “lucky” to avoid the BCE mess? I am very open about my trades, and I’ve made many mistakes. Who’s to say that I didn’t jump into the BCE merger arbitrage after my post?

]]> By: Finance_Addict http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64146 Finance_Addict Fri, 12 Dec 2008 21:41:15 +0000 http://www.milliondollarjourney.com/?p=740#comment-64146 FT: I was and still am invested with BCE. Clearly not many knew the existence of the solvency clause. However I am still confident despite the big drop that BCE will turn out to be a very good long term hold as we get paid a strong stable yield to wait. However you might want to be careful in pointing out the obvious about the deal and how you avoided the temptation as there are many investors who were not as "lucky" as you were. Clearly there are many upset BCE investors. Instead you may want to also point out how you bought Teck as they too were in a similar situation but now face a much bleaker path forward compared to BCE? FT: I was and still am invested with BCE. Clearly not many knew the existence of the solvency clause. However I am still confident despite the big drop that BCE will turn out to be a very good long term hold as we get paid a strong stable yield to wait. However you might want to be careful in pointing out the obvious about the deal and how you avoided the temptation as there are many investors who were not as “lucky” as you were. Clearly there are many upset BCE investors. Instead you may want to also point out how you bought Teck as they too were in a similar situation but now face a much bleaker path forward compared to BCE?

]]> By: Aman http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64117 Aman Fri, 12 Dec 2008 17:53:33 +0000 http://www.milliondollarjourney.com/?p=740#comment-64117 Re-gifting is excellent and not tacky. You are finding use rather than stuffing an item in the back of the closet or into the trash. On the other end BCE fallout was one surprise. I wish I knew and could have shorted...oh well...hopefully some light will come from this mess..got in at roughly $17.93US. Waiting for more info on the BCE share buyback at the moment. www.bullsbattlebears.com Re-gifting is excellent and not tacky. You are finding use rather than stuffing an item in the back of the closet or into the trash.

On the other end BCE fallout was one surprise. I wish I knew and could have shorted…oh well…hopefully some light will come from this mess..got in at roughly $17.93US. Waiting for more info on the BCE share buyback at the moment.

http://www.bullsbattlebears.com

]]> By: Nurseb911 http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64096 Nurseb911 Fri, 12 Dec 2008 15:38:05 +0000 http://www.milliondollarjourney.com/?p=740#comment-64096 FT!! Thanks for the mention (indirectly) to my guest post over at CC. I hear you're cooking up a recession recipe sometime next week - looking forward to it maybe for my Super Bowl Party in a few months! ;) FT!! Thanks for the mention (indirectly) to my guest post over at CC.

I hear you’re cooking up a recession recipe sometime next week – looking forward to it maybe for my Super Bowl Party in a few months! ;)

]]> By: Four Pillars http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64080 Four Pillars Fri, 12 Dec 2008 13:44:14 +0000 http://www.milliondollarjourney.com/?p=740#comment-64080 Thanks for the mention - I think my auto bailout post was the longest one I've ever done! :) Also - I bought some BCE last week at $22.28. I'm assuming they will reinstate their dividend which was a fairly generous one. I was one of the many who considered buying BCE when it was at $37+ but I didn't think the limited upside was worth the larger downside if the deal didn't go through. Thanks for the mention – I think my auto bailout post was the longest one I’ve ever done! :)

Also – I bought some BCE last week at $22.28. I’m assuming they will reinstate their dividend which was a fairly generous one.

I was one of the many who considered buying BCE when it was at $37+ but I didn’t think the limited upside was worth the larger downside if the deal didn’t go through.

]]> By: Michael James http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64078 Michael James Fri, 12 Dec 2008 13:30:43 +0000 http://www.milliondollarjourney.com/?p=740#comment-64078 Thanks for the mention. That's too bad about the BCE deal. I know a few people who hold stock and had little understanding of the risks. Thanks for the mention. That’s too bad about the BCE deal. I know a few people who hold stock and had little understanding of the risks.

]]> By: http://resourcesandmoney.blogspot.com http://www.milliondollarjourney.com/giveaway-bce-and-weekend-highlights.htm/comment-page-1#comment-64074 http://resourcesandmoney.blogspot.com Fri, 12 Dec 2008 12:17:42 +0000 http://www.milliondollarjourney.com/?p=740#comment-64074 I will be joining the give-away.. Hope i win.. I will be joining the give-away.. Hope i win..

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