Post by
Nbsk on Mar 28, 2019 8:48am
Noverco bid is too cheap, vote against
Valener provides me a safe 5% current dividend. That div is growing at 4% per year. That div is rock solid since from mostly regulated operations with few or no competitors.
This tax-advantaged dividend is a foundation of my income.
I am also facing a large tax bill since I am a long time owner and the consideration is cash-only.
I wish this offer is rejected so we can keep on holding. That $26 offer is just that, an opportunistic offer, and it needs 66% of the shareholders to agree. I think this stock is widely held by retail investors so we do have a say.
Alternative investments to replace VNR are yielding around 4.2% in this low rate era. If Noverco really wants to be fair, they can have my shares for $28.50, which would represent a 4.2% dividend yield valuation.
Comment by
duncan0 on Mar 28, 2019 9:14am
Agreed with this sentiment, I'm voting against.