Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

iShares Global Materials ETF V.MXI


Primary Symbol: MXI

The fund seeks to track the investment results of an index composed of global equities in the materials sector. The fund seeks to track the investment results of the S&P Global 1200 Materials Index (the Underlying Index), which measures the performance of companies that S&P Dow Jones Indices LLC (SPDJI), a subsidiary of S&P Global, Inc., deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. It is a subset of the S&P Global 1200.


ARCA:MXI - Post by User

Post by rockhead7on Nov 05, 2009 3:37pm
386 Views
Post# 16457738

IAM option

IAM optionWe are fast approaching the one year anniversary of the Iam deal, the NR announcing final execution of the deal was dated Dec 12-08.  That means that Iam will soon write a check for about $2mm or let the option expire.  Does it not make sense that if Iam concludes that they should exercise and buy shares at .45 then they would also buy any shares that are available in the market for less than .45?  They are all the same shares-if they are willing to buy at .45 they should be willing to jump in at .40. My guess is that the stock move above .45 for good sometime near Dec 12.  Its too bad that the Chryros deal has taken so long and that  the dividend will now be diluted by this fresh issuance of stock.  Regardless, MXI now represents a fairly solid 30% return over the next month-with substantial upside.  The flip side of that is that if IAM, who is more familiar with the project than anyone, declines a further participation at .45 thens it time to run, not walk, for the exit.
Bullboard Posts