Hoodlum Posted January 5, 2011 Share Posted January 5, 2011 I don't remember seeing this posted http://www.herald-dispatch.com/news/briefs/x1476902673/ICG-says-price-set-on-insiders-stock-sale International Coal Group says nearly 35 million shares being sold by its two largest stockholders have been priced at $8.16. ICG says in a Securities and Exchange Commission filing Tuesday that the deal is expected to close Friday. Chairman Wilbur Ross’ investment firm, WL Ross Group L.P., plans to sell nearly 12.3 million shares, or half its holdings. Toronto-based Fairfax Financial Holdings plans to sell nearly 22.6 million shares, or half its stake. Link to comment Share on other sites More sharing options...
Zorrofan Posted January 5, 2011 Share Posted January 5, 2011 Actually it was briefly discussed on another thread. FFh & ross actually sold at $7.35 not $8.15....interesting to note that with the flooding in Australia and higher coal prices in the spot market ICO is now about $8.40. Interesting to see how this plays out as BTU keeps talking about a coal super-cycle and shortages. cheers Zorro Link to comment Share on other sites More sharing options...
FFHWatcher Posted January 11, 2011 Share Posted January 11, 2011 I wonder if those buyers like the decision they made? Bought for $7.35 and just hit $9. on keeps moving up. Glad to see FFH realize a profit but also good to see that they held on to half their position. FFH's decision to double down about 2 years ago paid for entire FFH Head Office salaries for years, perhaps a decade? Link to comment Share on other sites More sharing options...
Myth465 Posted January 11, 2011 Share Posted January 11, 2011 I had a bid in for the convertible bonds maybe a year ago. I did the prudent thing though and paid off all remaining credit card leverage. Turns out that was very prudent, but not very profitable. Those bonds were such a fat pitch. Link to comment Share on other sites More sharing options...
FFHWatcher Posted January 11, 2011 Share Posted January 11, 2011 paying off credit card debt is THE fattest pitch ever Link to comment Share on other sites More sharing options...
Myth465 Posted January 11, 2011 Share Posted January 11, 2011 paying off credit card debt is THE fattest pitch ever Thats true, it feels good to be debt free. I have a small student loan but its at 3.85% inflation should eat that up. Link to comment Share on other sites More sharing options...
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