MO Philip Morris has announced an all cash deal to take over Rothmans (cdn. tobacco company), they already own 40% of the company. the deal will go through though they may increase it slightly, probably a good move for MO, though it will not have a huge effect on their results going forward...helps add to their North American holdings.
Rothmans was a brilliant company, it was a cash flow machine, every year or two would raise the dividend, and often cash would just build up on the balance sheet... sometimes the stock would be forgotten. and every few years they would announce large one time dividends....a very good yielding stock.
managment was brilliant unlike the cdn. beer companies that would get involved in other businesses and lose shareholder money...they just ran the tobacco business... and paid excess cash to shareholders....what a concept.
TCK or TCK.b (cdn.) is buying out Fording cdn. coal, this wll add to earnings in the first year...for Fording shareholders they will get cash and some shares in TCK.
TCK will greatly expand their coal busniness and they know the project since they manage it currently.
have written put on TCK various months $38cdn. 40cdn. also own some... was thinking of buying more at $40 and $42...however day after they annouced the deal, it shot up, over $4. not sure why not on the day it was announced.
will look to buy if it comes back 10%. good mining company... they mine almost everything, however three biggest is copper, coal, and zinc. zinc is doing poorly but the other two are doing well.
thanks
selkirk
Rothmans was a brilliant company, it was a cash flow machine, every year or two would raise the dividend, and often cash would just build up on the balance sheet... sometimes the stock would be forgotten. and every few years they would announce large one time dividends....a very good yielding stock.
managment was brilliant unlike the cdn. beer companies that would get involved in other businesses and lose shareholder money...they just ran the tobacco business... and paid excess cash to shareholders....what a concept.
TCK or TCK.b (cdn.) is buying out Fording cdn. coal, this wll add to earnings in the first year...for Fording shareholders they will get cash and some shares in TCK.
TCK will greatly expand their coal busniness and they know the project since they manage it currently.
have written put on TCK various months $38cdn. 40cdn. also own some... was thinking of buying more at $40 and $42...however day after they annouced the deal, it shot up, over $4. not sure why not on the day it was announced.
will look to buy if it comes back 10%. good mining company... they mine almost everything, however three biggest is copper, coal, and zinc. zinc is doing poorly but the other two are doing well.
thanks
selkirk
