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What would you buy...
#31
I just bought PM at $72.00. Thanks MO lol
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#32
Pretty annoyed that I didn't pull the trigger on MO yesterday!
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#33
https://seekingalpha.com/news/3494871-ph...lks-altria
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#34
(08-27-2019, 08:36 AM)Kerim Wrote: Pretty annoyed that I didn't pull the trigger on MO yesterday!

Kerim why not just buy PM here? Higher dividend and you get a nice price this morning!
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#35
(08-27-2019, 08:43 AM)stockguru Wrote:
(08-27-2019, 08:36 AM)Kerim Wrote: Pretty annoyed that I didn't pull the trigger on MO yesterday!

Kerim why not just buy PM here? Higher dividend and you get a nice price this morning!

I hold both PM and MO. The market seems to be implying that PM will pay a significant premium for MO, and may take on debt or dilute existing shareholdings to finance the deal, hence PM's stock drop and MO's gain. 

Having held through several mergers (most recently BMS into AMCR), it takes a lot of time for the structure of the deal to shake out. Until then, there will be market uncertainty and price fluctuations. I'm just going to continue to hold both for now.
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#36
I actually did just that. Sold out of MO at $52+ and took the $7 profit and switched it into PM at $72.12.

I just don't ever see this merger happening. They would never let it happen. I will get back into MO under $50 again.
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#37
I really don't see any regulatory barriers to this tie up, at least in the U.S. They don't compete in the same markets, so there's not really an antitrust angle.
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#38
(08-27-2019, 08:43 AM)stockguru Wrote:
(08-27-2019, 08:36 AM)Kerim Wrote: Pretty annoyed that I didn't pull the trigger on MO yesterday!

Kerim why not just buy PM here? Higher dividend and you get a nice price this morning!

They're getting close, but yield on MO still higher than PM...
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