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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

10/05/16 at 2:01 PM CDT

 

 

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Sentiment:

Neutral

OT - Rally

OT - Market seems accepting of a rate hike today. Funny how supply/demand for oil flip flops on a frquent basis. Apparently, the economy is doing so well that 'dead' companies like CAT and RIG are flying - all we've seen for a  couple of years is basic materials getting continually beaten down. Not clear that this is a trend, rather than simply one optimistic day (funny how as Jester points out, when projections are made, when we get to 'there' oftentimes little has changed.)

Don't know why NOK is lagging today. Don't think it can be as simple as Piper Jaffrey didn't give any mention to them in their sunny sector analysis - although it is a company that seems to have enough 'moving parts' that aren't in competition in that particular sector. Did some work with my CPA and she was somewhat appalled that NOK screwed their shareholders by forcing a sale of ALU in early Jan, and then a buy of NOK. Yes, although they're far away in another galaxy (or, might as well be, given that they have to operate within the parameters of being based in Europe), her take agreed with what has been said here - they really screwed American holders royally. A share-conversion operation seems so simple and logical. I still don't know a rational as to why they didn't do that. That said, the article lt cap posted on the product Bell Labs came up with  seems quite positive, at least from what I gleaned of it.

Jamok,

Yeah, forcing US shareholders to sell ALU and purchase of NOK, was terrible.  More so now that NOK relentlesly declined since january, just stabilizing here in the mid to high 5s over the past month or two.  Hard to believe the price of NOK was aeround 7 when we were forced to purchase NOK, seems like a long time ago, but it was just in December, IIRC.

That, BTW, is why not all shareholders agreed to the deal, some 5% or so have yet to convert, and there are news now that a law suit has been filed to prevent the purchase and squeeze of the remaining ALU shares on the French stock market, the link to article follows, so don't hold me to the details, I am sure the article spells it out better than I can. So, that is on hold and this saga continues.

finance.yahoo.com/ne...1.html

 


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Author:

LongTerm CapGains

Subject:

Off Topic

Sentiment:

Neutral

Date:

10/05/16 at 3:19 PM CDT

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