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Alias Born 03/13/2007

Re: davidam post# 1588

Wednesday, 03/14/2007 10:50:19 PM

Wednesday, March 14, 2007 10:50:19 PM

Post# of 1810
The price difference is most likely due to the market not understanding that ownership of PLMA is also ownership of BHWF. PLMA holders just got BHWF as a divi and will get more shares of BHWF every qtr. as a dividend. If Ironman held PLMA on the X-div date of the 6th, then he got shares of BHWF for free and will continue to recieve shares of BHWF every qtr paid as a dividend. The nice thing about getting the shares this way is the tax rate, he can sell BHWF without holding for the full yr. and still get the 15% rate of taxation. If he plans on holding PLMA long term, it is the one to own as other co's get spun off. This is per CEO...

- Shareholder value will be established by ownership of Palomar which in

turn, will lead to ownership in the publicly traded Subsidiary

Companies.

http://biz.yahoo.com/prnews/070226/lam006.html?.v=83

At this point, owning either co. will play out well in the long term as long as they can continue this rate of growth. After a few qtrs of proving this growth rate both co's will also get a high growth multiple. The risk can be high, but the reward in this type of incubator co is/can be the kinda thing that could make share holders wealthy. Traders that are aware of incubator co's look for just this sort of thing. All just my oppinion.

My idea's are just that. Everyone must do their own DD or they are doomed to others mistakes.

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