RE:RE:RE:RE:couple comments on spinoffPretty much every prediction posted by the experts has been wrong, and I really don't understand why people post their trading action. Unless you are going to post your trade tickets, what is the point? I can tell everyone I have 5000 shares of TRP which turned into 1000 shares of SOBO, I don't have that much btw, what good does it do? An ego boost maybe?
I have just watched and enjoyed the progress of these two and this sector over the past year. My target price for SOBO has always been 40-42 dollars. I believe SOBO principals had the same thought, thus the announced dividend....at that level in line with the perectage TRP was paying.
Everyone will have a much better idea once the financials are released and we ca see numbers for a period. Companies in this sector are full of free cash, and as interest rates keep dropping they will have even more. Lower cost of borrowing money goes directly to the bottom line. The market is obviously expecting good results in a couple weeks, hopefully we are all pleasantly surprised!
Glta