buys stock in bulk! Stock up and save!
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Charter is trying to find a buyer for Los Angeles...This would leave Reno as an orphan. I'd love to see Satview get things going along the I80 Corridor and end up running the Reno location.
Far fetched? Not as far fetched as you may think. Reno would probably be sold for ($200-300 Million - maybe less). Satview could come up with 10% ($20-30 million) then do factoring for the rest.
RENO has 271,000+ in it's market...assume even 40% have cable TV...that is more than 100,000 in Charter's bag.
Wouldn't that be something? :D
By ANUPREETA DAS
Cable-television operator Charter Communications Inc. is seeking buyers for its Los Angeles-area business, which has about 400,000 subscribers, and the assets could fetch between $1.5 billion to $2 billion, according to people familiar with the matter.
Charter has picked Goldman Sachs Group Inc. and Citigroup Inc. to shop the block of subscribers to rival cable companies and private-equity firms these people said. They cautioned that Charter could decide not to sell the assets if the offers fall short of the desired price.
Time Warner Cable Inc., a dominant player in the Los Angeles area, is expected to be a contender for the Charter assets. The auction of Charter's assets hasn't begun yet, and financial information will be sent to potential bidders in coming weeks, they said.
Charter, which has about five million residential and commercial subscribers in more than 25 states, offers cable TV, phone and broadband services, and is the fourth-largest U.S. cable operator after Comcast Corp., Time Warner Cable and privately held Cox Communications.
Time Warner Cable has 1.7 million subscribers in the Los Angeles area, followed, among other operators, by Charter and Cox, which has about 260,000 subscribers, according to data from SNL Kagan.
Representatives for Charter, Goldman, Citigroup and Time Warner Cable declined to comment.
Time Warner Cable Chief Executive Glenn Britt said his company would be disciplined about acquisitions and not pay "any price," when he was asked about Charter's Los Angeles business on Thursday during an earnings conference call.
"It has been rumored and reported in the press that the Charter property is going to come to market," Mr. Britt said. "I won't comment on it specifically other than to say that we're going to evaluate it like we look at all acquisitions… and evaluate it versus other investment alternatives including buying our shares back."
Industry publication Multichannel News earlier reported that Charter was exploring a sale of its Los Angeles business.
Charter filed for Chapter 11 bankruptcy in 2009 and reduced its $21 billion debt load by 40% through the reorganization process that ended the same year. Private-equity giant Apollo Global Management, which bought up most of Charter's debt during the bankruptcy, now owns a chunk of the equity. As of Friday, Charter had a market capitalization of $6.7 billion.
The ongoing auction of another cable operator, Insight Communications, may have spurred Charter to explore a sale of its Los Angeles assets. Controlled by the Carlyle Group and two other buyout firms, Insight has about 691,000 subscribers in the Midwest and could fetch more than $3.5 billion in a sale, people familiar with the matter said. The price tag includes Insight's debt. Industry bankers say Insight's asking price is on the high end of the average multiple paid for similar cable assets.
Representatives for Carlyle and Insight were not immediately reachable.
Cable operators have always been attractive to private-equity firms because they have a steady income stream from subscriptions. Buyout firms, which pay for acquisitions using mostly debt, find it easier to borrow money against stable cash-flow businesses because interest on the debt can be paid regularly, reducing the risk of default.
In March, Mediacom Communications Corp., the country's eighth-largest cable company, closed a deal to go private, selling its publicly traded shares to its chief executive and majority owner, Rocco Commisso.
Still, large cable players such as Time Warner Cable and Cablevision Systems Corp. are considered active pursuers of smaller rivals. Last year, Cablevision outbid several buyout firms to buy Bresnan Communications for $1.4 billion.
—Sam Schechner contributed to this article.
Write to Anupreeta Das at anupreeta.das@wsj.com
Read more: http://online.wsj.com/article/SB10001424052748703567404576292910348166074.html#ixzz1dA5OFkeB
After the share buy back is done...I imagine other than acquisitions we'll be seeing dividends. That is the best way Dan and Tariq can pay themselves.
Calm before the storm. Permits should be issued any day now.
SUGO should be getting very close to having permits being issued. Should ROLL when those come out.
This has to move past $.20 and start to run if it is believable. LOI's happen everyday...about 10% actually go through.
Refiners...been checking those guys out!
VLO, MRO, HES
Has to get past $.20 before people will take notice.
Might go back to $7.50+
Rome is burning...
http://www.cnbc.com/id/45191575
I absolutely believe SUGO will be a huge play. Exploration permits are almost here.. Starting the BIG DIG is going to send SUGO skyward. Imagine what getting updates every week on core samples will do here.
Sad.. $50,000 trades and it can't move up.
Fishy.
Again...a ton of shares in the way of this passing $.20.
It needs to pass $.25 to get past the huge seller. Looks like it is being choked. News like this should have made the stock open at $.50.
Sure there are open orders at $.20 to sell...so, if it does run, get in early... if it doesn't run then you'll be able to buy all you want at $.12.
Why would a company pay $40 million for a vodka with no real posted revenues?
SUGO LOOKS GREAT!
With an exploration permit...absolutely.
If the Euro fails...that means the One World Currency is going to fail...The devil just can't win!
Haha...absolutely.
Yeah, but you go back a few years...and it looks very toppy...Breakout or Ceiling...that is the question.
Dealing with businesses on a day to day basis and working with the housing market here and there, IMO, it's toppy. Just not buying a push above...but, not betting against it either.
Santa Claus rally might start here in the next 2 weeks. But, will we be let down in January or will it keep going? That is my concern.
Do they need to start drilling before the ground freezes...or does that not impact things.
Can't wait! I am sure they have a contractor ready to go. When I talked with SUGO their main concern was to be environmentally friendly across the board. So, any lead you have that is such, I'm sure they'd consider.
$200,000 isn't much in the grand scheme of things.
How does this exploration compare with the full $7-9 Million job they were originally looking for funding to do.
Going to be interesting the minute we get approved for exploration and start to see the numbers pour in.
Will probably get another million if I can.
Well...that was a pretty quick response...
IRIZARRY, TANNYA L who was 29 (born ABT 1959) married 22 SEP 1988 in HARRIS COUNTY, TEXAS, U.S.A. a groom named ANTONINO MILICI who was 33 (born ABT 1955). 97,280
http://sortedbyname.com/pages/i100105.html
IMO, being a transfer agent (even self-clearing as GTHR is/was), is a conflict of interest.
Ms. Irizarry is Dr. Milici's wife.
http://www.getfilings.com/o0001225279-03-000024.html
I've read it all...everyone has an opinion. I just don't think QQQ is going to go below 55 and won't go above 59 anytime soon. If it goes below 55 I see it going as low (if not lower than 50)...but if it goes higher than 59...do you really think the economy is doing so well that it can hit 64? I just don't buy it.
Anyone think this is a conflict of interest?
We also entered into an employment agreement with Tannya L.
Irizarry to serve as our Chief Administrative Officer through January 7, 2012. Ms. Irizarry's base salary is $135,000 per annum. The above salaries have been accrued to be paid in common stock shares from the Company. There are no employee issues at this time.
AND
GTI Corporate Transfer Agents, LLC is the Company's transfer agent. Ms. Michelle Torres became the Board Member of GTI Corporate Transfer Agents, LLC with a one-third ownership and/or interest. Ms. Tannya Irizarry has a one-third ownership and/or interest; the remaining one-third ownership belongs to Ms. Krystle Rundle.
She is both the wife of the mad scientist and paid by the company and is an owner of the transfer agent.
Nice convertible debentures in place and would not be surprised if Ms. Irizarry is selling stock through an "unrelated" party.
This stock smells like a rotting fish.
The only way I'm trading this is with covered calls at the moment. I want to do a straddle here and aim for PUTS. But, I'm having a hard time fighting the trend (which for me is keeping QQQ between 56-58). It just looks toppy and with all the potential in Europe...it looks like it will fall. HOWEVER, in my 25 years of investing if we can make it past November 1st without a major blow up we are safe for a Santa Claus Rally. But, probably enough to make a straddle work...so, back to the covered calls. Probably next really good short opportunity is January. No long opportunities in the mix for now.
I would like to think Italy is in the too big to fail. But, it is very real. If Greece goes, we will have a bunch of smaller economies go...but, if Italy goes... ...well, stock up on canned goods and ammunition. (JK, I think).
Good..let's get it over with. Think Ireland is next? Spain? Portugal? Greece isn't the only one that will fail.
I'm going to laugh my butt off ...when the flippers who bought at $.005 sell at $.01, then "try" to buy back at $.015 or .02 :D ...just going to make it run faster.
News should be good enough to ensure flippers pay a higher price ;)
Could/Should break $.01 this week in anticipation of a larger move with the exploration permits.
I fully expect to see a PR about exploration permits by the 15th (which, I think is about 30 days). And, I'm counting that as a SIGNIFICANT news release. One that can put the stock as high as $.10-.20.
Exploration permits are easy to get and it should be no more than a 3-4 week process according to the BLM.
Assuming we get news of exploration permits being granted by mid November...what do you think it will do to the price of SUGO? Huge 1 day spike and maintain it...or multiple day run?
Not to mention once they start exploring we'll see news on a weekly basis of what they find.
Should be the beginning of a nice run here :)
Exploration permits should be issued soon enough.
We will see the BIG push when we get daily volume approaching 10 Million Shares.
SUGO could have a huge day tomorrow with the end of the day run up it had today.
Can't wait to see what 300-400,000 people could do to a stock.
Hope this gets found by a few scans...would be nice to see a 10 Million Share day...and get this back to $.02-.03.
Back to 30...than We can re test $35-40.
Charter dumped Los Angeles...should sell Reno to WNRC. Already partnered with them and WNRC is building out systems on the I-80 Corridor...very logical fit.
SUGO had a run at the close. Up 73% at the close. Ran the last hour or so. Could be a HUGE run tomorrow.
Something brewing...should be entering the end of the initial review for "Sungro Minerals, Inc. Submits Notices of Intent for Exploration Permits".
Would not be surprised if we start exploration in November.