Well, not to rain on the party, but MOY management leaves much to be desired..., especially its investor relations. To be fair, I admire MOY's prof engineer also taking on the I/R duties..., but I have had enough.
For all new MOY purchases I make, I will likely hedge by shorting NEM or selling Dec NEM calls..., effectively locking in a 10%+ profit, by holding 2-3 months. At this point, this is an arbitrage position, nothing more, and we will have to wait until the NEM deal closes to receive full value on MOY, IMO. I will sell my MOY shares for at least its cash value per share, post-distribtution. Cannot fathom MOY not selling for at least its cash value per share, post distribution. Thus, there is at least a 10%+ arbitrage opportunity left by buying MOY and shorting NEM.
Because of Kiernan's 30%+ shareholdings and age, MOY has acted as anticipated, i.e. cashing out its major shareholder upon terms VERY favorable terms to all shareholders. MOY management has performed well in regard to cashing out all its shareholders, on the same terms.
As for accolades, my thanks go out to bayview for his insights into MOY, he was proven right, as well as to Russ W.
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