I bought 300 shares of LEND today after a friend told me the story behind the proposed buyout from the private equity firm.
What is everyone's take on the situation?
It looks like if the buyout does not come, they are screwed. But the spread of almost $8 between the current price and tender price makes me think the market does not believe it will happen.
The deal documents do not look like they give the private equity firm much wiggle room but to go through with it.
Thoughts?
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To remove first post, remove entire topic.
I bought 300 shares of LEND today after a friend told me the story behind the proposed buyout from the private equity firm.
What is everyone's take on the situation?
It looks like if the buyout does not come, they are screwed. But the spread of almost $8 between the current price and tender price makes me think the market does not believe it will happen.
The deal documents do not look like they give the private equity firm much wiggle room but to go through with it.
I just cannot recommend buying on stocks dependent upon M and As, as I think very very many of these deals will not get done.I just do not think it is time to get into anything like this.GL, but I think it way too early to take the gamble on this type of deal.I hope I am wrong.But in a world where GE is selling for what it sells for, or MO, I cannot justify risks in these areas.
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I just cannot recommend buying on stocks dependent upon M and As, as I think very very many of these deals will not get done.I just do not think it is time to get into anything like this.GL, but I think it way too early to take the gamble on this type of deal.I hope I am wrong.But in a world where GE is selling for what it sells for, or MO, I cannot justify risks in these areas.
PS When people who may be left eating financing for these type of deals come out and say M and A activity will proceed no matter what, I think they are blowing smoke in the hopes that they will not end up eating the stuff they have agreed to finance at rates that are being reconfigured hours, not daily.
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PS When people who may be left eating financing for these type of deals come out and say M and A activity will proceed no matter what, I think they are blowing smoke in the hopes that they will not end up eating the stuff they have agreed to finance at rates that are being reconfigured hours, not daily.
Simply put, what is the best way to play a steep decline in the dollar.Given the Paribas news, I believe the Fed will now HAVE to make a rate cut, which will absolutely hammer dollar value in the next few weeks/months.
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Simply put, what is the best way to play a steep decline in the dollar.Given the Paribas news, I believe the Fed will now HAVE to make a rate cut, which will absolutely hammer dollar value in the next few weeks/months.
NEW YORK (Reuters) - Residential mortgage delinquencies and
defaults are becoming more common among borrowers in the
category just above subprime, American International Group
(NYSE:AIG - News) said on Thursday.
In a presentation on its subprime exposure, AIG, the
world's largest insurer and one of the biggest mortgage
lenders, said total delinquencies in its $25.9 billion real
estate portfolio were 2.5 percent.
It said 10.8 percent of its subprime mortgages were 60 days
overdue, compared with 4.6 percent in the category with credit
scores just above subprime, indicating that the threat to the
mortgage market may be spreading.
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NEW YORK (Reuters) - Residential mortgage delinquencies and
defaults are becoming more common among borrowers in the
category just above subprime, American International Group
(NYSE:AIG - News) said on Thursday.
In a presentation on its subprime exposure, AIG, the
world's largest insurer and one of the biggest mortgage
lenders, said total delinquencies in its $25.9 billion real
estate portfolio were 2.5 percent.
It said 10.8 percent of its subprime mortgages were 60 days
overdue, compared with 4.6 percent in the category with credit
scores just above subprime, indicating that the threat to the
mortgage market may be spreading.
Guys, I got out of all but 75 shares yesterday at 9.60. I held the 75 shares just to say I participated. Ended up being a good trade unless I get $0 for the other 75 shares but that's highly doubtful.
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Guys, I got out of all but 75 shares yesterday at 9.60. I held the 75 shares just to say I participated. Ended up being a good trade unless I get $0 for the other 75 shares but that's highly doubtful.
Shit....I just read some of the press releases. Lokked like I finally made a good trade yesterday!
Also looks like the 75 shares I have left will be worth virtually nothing but that's still ok since I got out of almost all of it yesterday. Ended up with almost 500 shares, now down to 75.
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Shit....I just read some of the press releases. Lokked like I finally made a good trade yesterday!
Also looks like the 75 shares I have left will be worth virtually nothing but that's still ok since I got out of almost all of it yesterday. Ended up with almost 500 shares, now down to 75.
Shit....I just read some of the press releases. Lokked like I finally made a good trade yesterday!
Also looks like the 75 shares I have left will be worth virtually nothing but that's still ok since I got out of almost all of it yesterday. Ended up with almost 500 shares, now down to 75.
acc, glad you got out..looks like the company might litigate the break of the agreement.should make for interesting trading.
I think if the buyout doesnt occur, the company goes out of business..they lost 60M last quarter, delinquent on filings etc..I dont think they make it.
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Quote Originally Posted by accventures:
Shit....I just read some of the press releases. Lokked like I finally made a good trade yesterday!
Also looks like the 75 shares I have left will be worth virtually nothing but that's still ok since I got out of almost all of it yesterday. Ended up with almost 500 shares, now down to 75.
acc, glad you got out..looks like the company might litigate the break of the agreement.should make for interesting trading.
I think if the buyout doesnt occur, the company goes out of business..they lost 60M last quarter, delinquent on filings etc..I dont think they make it.
I have played this one up and down now about four times. Made money each time but it's sorta like musical chairs....I could be long one time when the music stops.
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I have played this one up and down now about four times. Made money each time but it's sorta like musical chairs....I could be long one time when the music stops.
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