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Wednesday, November 11, 2015 12:49:26 PM
I have no interest in holding this into a merger and holding onto shares of WNR.
You and 99% of the current unit holders I suspect, since it yielded so much. Only upside...When it drops after ex it could be limited by the offer that doesn't change with the payout... so the deal is improved by two payouts if the deal is not done before year end. Wish it would not happen but that is unlikely.
We shall see, but I don't like the current deal of 17.50 cash, .2266 stock. I suspect the short position of WNR will return to double digits following this biting off more than they can chew deal, which assumes a giant debt load imo.
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
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