Sanrith Descartes
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Investing General Discussion
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Sanrith Descartes
Veteran of a thousand threadban wars
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Jysin
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Shouldn't be surprising. Money rotating around. Div names got slaughtered when rates were at highs. Likely some profit taking out of tech that has moved back into the oversold sectors / names the last 2 days as rates and dollar have dipped.
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Mist
Eeyore Enthusiast
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That's because they rallied since 10/1 and now everyone is chasing them.
Mist
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Tmac
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fris
Vyemm Raider
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Yes, but there's zele and several other money transfer methods that are more integrated into banks and even preferred by banks. PayPal wouldn't start as a business model today. As consumers move to other services, how do they attract new ones?
Daidraco
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With the popularity of Cashapp, Venmo, Zelle, Chime, etc. Im rather surprised that merchant services, across the board, are still as greedy as they are. Or why one of the big ones like Cashapp, hasnt really tried to take on the system in some type of way and use a merchant services flat fee instead of a percentage per transaction fee.
Tmac
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Sanrith Descartes
Veteran of a thousand threadban wars
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Visa, MasterCard and Amex are the triopoly. Good luck trying to go head to head with them.
Combined market cap of the three is over $1T.
Mist
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B_Mizzle
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Question for the experts. I'm looking at the PXD buyout going on currently with Exxon. Exxon is going to buy them out for 253 a share with an all stock buyout, supposed to close in the next 6 months. Currently it's trading at 240 so I thought easy way to make some sure money. What I read says each PXD shareholder will get approximately 2.3 something Exxon shares in exchange for each PXD share. How/when do they come up with the exact number of Exxon shares PXD holders will get, my concern being say we go into recession in 3 months and Exxon shares tank, the 2.3 shares wouldn't be up to the sale price.
Anyone know how these things work?
Anyone know how these things work?
Blazin
Creative Title
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The exchange rate is already set, I don't recall which date they picked I believe it was some time early last week. The market will now move the pricing towards that ratio and it will deviate to the extent that its pricing in that the deal won't go through. There is no arbitrage usually to be had outside of that "it may not happen" risk that gets built in.
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B_Mizzle
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Got it, so if ExxonMobil stock tanks in the next 6 months then the deal will probably not happen? It's down 5% today.
Sanrith Descartes
Veteran of a thousand threadban wars
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Occasionally the buyer will put a collar on the stock price which means the number rof shares can increase if the buyer's stock price ce falls below a certain point at the transaction date. Without a collar, you get the shares as listed on the purchase agreement.
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Daidraco
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3.2% is another ~$475 bucks on the low end for the year iirc the bottom payout amount correctly. No idea how people live off ~$14,840 a year in the first place, but compared to what they were making when they were employed, after taxes, its not that much of a difference. I still think its bullshit that Ill only get something like $34/35k a year when I retire. (The roof of it is what, 39k at like 150/160k a year?) Whatever age that may be, probably something like 72 by the time I get there. I feel like I should have stayed in the military and retired as an Officer, as I could have qualified at the beginning of last year if I had stayed in. But on the other side of that, Ive made far more money as a civilian and the properties I have will pay me back more money than army retirement. Oof.. I hate thinking about getting old.
