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Judges Calendar: April 7 - LandAmerica (Summary Judgment - 08-3147) Still nothing for April 23rd.
We love CHEEEKEEEN!!! We have TSN and PGPDQ - very simple, owners are major shareholders and people like to eat chicken.
Don't kick the chicken in the lake!!
FNF Stock update from Fidelity Investments: CFA: Applications Given Early Antitrust Clearance By FTC 03/16 07:42 AM
The Hart-Scott-Rodino Act requires under certain circumstances that prospective acquirers of voting securities or assets apply for clearance from regulators. Requests for early termination or clearance are granted when the Federal Trade Commission and the antitrust division of the Department of Justice have determined that they won't take action during the waiting period.
The following is a list of companies or people to which the FTC has granted early clearance of antitrust concerns under the HSR Act:
NAME OF ACQUIRING PERSON
NAME OF ACQUIRED PERSON DATE
NAME OF ACQUIRED ENTITY TERMINATED
_____________________________________________________________
William Goldring Friday
Constellation Brands Inc. (STZ:$13.4400,$0.3900,2.99%) Barton Distillers Import Corp.Barton Brands of California Inc.Constellation Spirits Inc.Mascolo Brothers Ltd. Friday
Toni & Guy Holdings Inc.Toni & Guy Holdings Inc.Fidelity National Financial Inc. (FNF:$17.0200,$-0.4300,-2.46%) Friday
Wind Point Partners V L.P.VI Acquisition Corp.VICORP Restaurants Inc.Newport Global Opportunities Fund L.P. Friday
Wind Point Partners V L.P.VICORP Restaurants Inc.VI Acquisition Corp.
Generally, the HSR Act requires both the acquiring and the acquired entity to file notifications if the following are met:
a) One entity has sales or assets of at least $100 million.
b) The other entity has sales or assets of at least $10 million, and
c) As a result of the transaction, the acquiring entity will hold an aggregate amount of stock and assets of the acquired entity valued at more than $50 million, or
d) As a result of the transaction, the acquiring entity will hold an aggregate amount of stock and assets of the acquired entity valued at more than $200 million, regardless of sales or assets of the acquiring or acquired entity.
Order free Annual Report for Fidelity National Financial (FNF:$17.0200,$-0.4300,-2.46%)
Visit http://djnewswires.ar.wilink.com/?link=FNF or call 1-888-301-0513
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=StXlfP8AHGRffk1%2FkrsLOA%3D%3D. You can use this link on the day this article is published and the following day.
Picked up 10000 more shares today . Go Lfgrq
Have a great weekend - I am off to the golf course and flying all day tomorrow. Grumman will be posting something soon he said...
My wife and I will be playing some golf at the WYNN after the celebration party. We are looking foward and perhaps many of the long time investors/employees will join us for some fun...
Docket 1090 3/12/2009 Notice of Withdrawal of Appearance and Request for Removal From the Debtors Mailing Matrix and the Courts Electronic Notification List (Re: related document(s)[155] Notice of Appearance filed by Kyoungae Kim as Trustee for The Kyoungae Kim Trust) filed by Rebecca Hope.Royals of Butler Williams & Skilling, P.C. on behalf of Kyoungae Kim as Trustee for The Kyoungae Kim Trust. (.Royals, Rebecca) Debtor: LandAmerica Financial Group, Inc.
We believe the judge will side on our side as he always has. We believe this, with the other good news, LandAmerica should be a SLAM-DUNK!!!
Just a waiting game at this point, have our fill, and we will be adding more if the price drops.
A friend of mine loves Bakalva and ate too much. He said he felt the food literally coming up his throat. That is the way we feel - have our fill, but it tastes so good we keep adding more...
Baklava is a rich, sweet pastry featured in many cuisines of the former Ottoman, Arab, and Iranian countries. It is a pastry made of layers of phyllo dough filled with chopped nuts and sweetened with syrup or honey.
TSN and PGPDQ are my only stocks in the green, but sure made a lot of money back today...We are looking for a bullish move on the LFGRQ stock come judgement day...
Can't Sworn to Secrecy...Sorry. We will share the many details of this ongoing saga at the WYNN Celebration...everyone has their fill, so let's just patiently wait...don't worry about the Dow jumping...be patient...
This is not the good news I was talking about, but this is interesting text from the Standard 1031 exchange agreement:
"Taxpayer shall have no right, title, or power, or opetion to demand, call for, receive, pledge, borrow or otherwise obtain the benefits of any Exchange Funds, including interest, if any, earned on the Exchange Funds except that the balance of Exchange Funds, if any held by LES after applying such Exchange Funds in accordance with this Exchange Agreement shall be paid to Taxpayer on the applicable Termination Date."
Thanks Earnie and FF03 for this bulwark!!!
No really FF03 - things are looking REALLY GOOD!!!!!!!!!!
Call me if you want...
Perrrfect Renee...thanks for your input!!!
Saved a ton on my car insurance...
Good Morning FF03: Got some great news today...
5-star hotel with the best customer service - Steve Wynn will not lay off anyone during this economic downturn - even if Obama says tax dollars will not go to help companies visit vegas...
Steve Wynn is a class act. You will not have a boring time...the buffet is the best in town...fresh crab legs, steak, sushi, etc. I've been to all of the casino's but this is the best - it is also walking distance to our office.
If and when this thing pops, we would not be surprised if some LandAmerica employees join with us, and perhaps Zolfo Cooper. We will hire Vince Vance for entertainment if this thing really pops...
Good DD V!!!
We always suspected that FNF may help out and even perhaps pick up some more of LFG's companies.
Nothing new with Earnie - same old boring stuff. He will be at the WYNN - perhaps he will go to one of the large swimming pools and smoke a stogie and have a drink during the celbration party. Nothing compares with the WYNN Las Vegas...
That is what we understand from Mr. Ramos and our DD.
We were hoping this summer. Something may happen April 7th, but we are not holding our breath. April 6th is the waiting period for non-governmental entity complaints to be filed, summary judgement on the four remaining lead cases April 7th. LandAmerica got an approval for an extension until September; however, that may be overkill and they may be able to wrap things up sooner.
We enjoy this post by Grumman: Affidavit of G. Williams Evans Dated 3/6/2009 states to the US Court,To conduct an orderly sale of its business and to provide for a fair and equitable distribution of its estate to its stakeholders.
We don't suspect Mr. Evans will be wanting to go to prison and that the numbers he is providing will comport.
Affidavit of G. Williams Evans Dated 3/6/2009 states to the US Court,To conduct an orderly sale of its business and to provide for a fair and equitable distribution of its estate to its stakeholders.
LandAmerica Reported Total Shareholder Equity $746,242,000 12/31/08
Section 906 provides for criminal penalties for anyone who certifies any statement required by that section "knowing" that the periodic report accompanying the statement does not comport with all the requirements of the Section. The basic penalties in (c)(1) are fines of not more than $1 million and imprisonment for not more than 10 years, or both. Penalties for "willful" certification of a statement "knowing" it does not comport with the Section are provided in (c)(2) and consist of fines of not more than $5 million or imprisonment for not more than 20 years, or both.
http://www.mwe.com/index.cfm/fuseaction/publications.nldetail/object_id/f1ff0dbc-45c2-471b-8ef3-7c9a83eb950c.cfm
Don't quite follow the text in bold...could you please summarize it for us?
We could not access the recording - invalid access code...
U.S. May Use Capital Injections to Help Banks Sell ‘Bad’ Assets
http://www.bloomberg.com/apps/news?pid=20601087&sid=aP9wvGoSkeAA&refer=home
The US and LandAmerica cannot recover until these frozen assets become liquid again...
ONLY THE BEST HOTEL and CASINO in Las Vegas Baby...
http://www.wynnlasvegas.com/#homepage/
Thanks FF03!!!!
Don't forget the accrued interest as well.
Auctions are typically held every 7, 28, or 35 days; interest on these securities is paid at the end of each auction period. Certain types of daily auctioned ARSs have coupons paid on the first of every month. There are also other, more unusual, reset periods, including 14 day, 49 days, 91 days, semi-annual and annual. Non-daily ARS settle on the next business day, daily ARS settle the same day.
Your gonna love the WYNN!!!
Affidavit of G. Williams Evans Dated 3/6/2009 states to the US Court,To conduct an orderly sale of its business and to provide for a fair and equitable distribution of its estate to its stakeholders.
"a 'Stakeholder' is anyone that has an interest in how a company performs, or will be affected by the performance.
If I am a manager at the company, but I don't hold any stocks, I still have a 'stake' in how the company performs (if it does badly.. I could lose my job!)
if I own Bonds issued by the company, i hope they will repay me, and I have a 'stake' in how they do, because if the company does badly, they may not repay my money when the Bond is due.
Keep in mind the author of this article - Emily Dooley. LandAmerica reps have communicated that they are upset with her articles and are biased against them...
Affidavit of G. Williams Evans Dated 3/6/2009 states to the US Court,To conduct an orderly sale of its business and to provide for a fair and equitable distribution of its estate to its stakeholders.
Based on this GREAT public announcement, we picked up 30,000 more shares first thing this AM...
"a 'Stakeholder' is anyone that has an interest in how a company performs, or will be affected by the performance.
If I am a manager at the company, but I don't hold any stocks, I still have a 'stake' in how the company performs (if it does badly.. I could lose my job!)
if I own Bonds issued by the company, i hope they will repay me, and I have a 'stake' in how they do, because if the company does badly, they may not repay my money when the Bond is due.
stockholders own some stock of the company, so they have a 'stake' as well, but they are just one type of 'stakeholder'"
Zolfo Cooper is a steakholder as they will receive "fair and equitable distribution of its estate" either 1 to 2% of the remaining equity.
Steve Wynn will be looking forward to our celebration party...
That is our goal - investors don't throw money around on a simple hunch. There are some big names still in this along with the Board and many Employee's retirements...
Nice post - that took a while I bet.
Looks like everyone has their fill, but some just can't help buying a little bit more....
FNF 7.6% gain today so far...
Thanks Grumman:
Partner Assessment Corporation d/b/a Partner Engineering
and Science, Inc. (the “Buyer”)
http://www.partneresi.com/
Good for THEM and Good for US...
Anyone know who purchased LAC?
We undertand he HAD to sell a couple hundred due to his position when we put the order in...
FNF issued to LFG 3,176,620 shares of its common
stock (the “Stock”). FNF Shares Outstanding: 221,600,000
LFG owns 1.43 percent of FNF stock, even if we sell, it wont make much of a dent in their PPS.
221,600,000 x $15.37 = $3,405,992,000
We hope LFG holds until the PPS goes up; however, we have no way of knowing if they are still holding, as it was close to $20pps at one point...
Current value of LFG owned FNF stock: 3,176,620 x $15.37 = $48,824,650
We only got a partial fill today - Knight is holding tight to his shares...
FNF Shares Outstanding: 221,600,000
LandAmerica Quote: "We just make sure we get settlement done right, right on schedule, whatever it takes."
"...LandAmerica provides all stakeholders with access to the information necessary to understand our business and make educated decisions regarding their VALUED investment with our company."
Ronald B. Ramos
Senior Vice President and Treasurer
LandAmerica Financial Group, Inc.
Caps mine...
OUR CFO:
G. William Evans
Executive Vice President – Chief Financial Officer
Bill has served as LandAmerica CFO since 1999 and is responsible for the integrity of all financial information including the underlying strength of LandAmerica’s balance sheet. He is the primary spokesperson on all financial matters necessary to meet public financial reporting needs mandated by the SEC. In 2005, Bill assumed expanded responsibilities in working more closely with company operations in the areas of budgeting, business planning and performance, and improving profitability. Before assuming the role of CFO, he served as Executive Vice President – Information Technology and was previously the CFO for Lawyers Title. A Certified Public Accountant, Bill received his bachelor of science degree in business administration from Concord College in West Virginia.