Common Stock Chat

This page is set up for those that want to chat about various common stocks.

There are no rules–other than the usual–no politics.

885 thoughts on “Common Stock Chat”

  1. News from MMM

    On July 26, 2022, 3M Company (“3M”) announced its plan to separate its health care business into an independent public company. The separation will occur through a pro rata distribution by 3M of at least 80.1% of the outstanding shares of common stock of a newly formed company, Solventum Corporation (“Solventum”), which will hold 3M’s health care business.

    ***Content deleted for brevity***

    Following the distribution, 3M will own up to 19.9% of the outstanding shares of Solventum common stock. Each 3M shareholder as of the close of business on March 18, 2024, the record date for the distribution, will receive one share of Solventum common stock for every four shares of 3M common stock held by such shareholder as of such time, with cash paid in lieu of fractional shares.

    ***Content deleted for brevity***

    Solventum’s common stock has been approved for listing on the New York Stock Exchange (the “NYSE”), subject to official notice of issuance, under the symbol “SOLV.” Following the distribution, 3M common stock will continue to trade on the New York Stock Exchange under the symbol “MMM.”

    1. How much of the debt will be loaded on the spinco and will they give the liability for the ear plugs and face masks to SOLV ?

  2. Hey All – Hope you’ve had a good weekend!

    Concerning KRP, there’s lots of positive feedback on the ROC aspect of the dividend, but to me that is kind of concerning. Is the ROC characterization a factor of accounting , or is it a reflection on the true earnings of KRP?

    1. Rocky, this is the last presentation from Kimbell and may be of great help to you https://filecache.investorroom.com/mr5ir_kimbellrp/241/download/Spring_2024_Investor_Presentation.pdf
      If you have further questions, I strong encourage you to contact Dennard Lascar in their Investor Relations Department at 713.529.6600 KRP@dennardlascar.com
      I have to be very careful with what I type publicly, but will tell you Kimbell Royalty Partners is one of the largest single positions in my trust accounts for many years and my family and I have no interest in any sale of this position in the future.
      Wishing you profitable investing, A

      1. Azureblue – Very much thanks for sending the info. Will review this week!

        Best to you!

  3. I sold a BIG position of nvda yesterday just over 920. About half of the holding. Of course within 10 minuted of trading time it hit 953 on open and climbed to 974. My prediction of a 1000 looked like it was going to get there, much less this week! That was up 85% this year. Oh and in 2022 he was down 70% before it went up 10X

    Anyway I wouldn’t be surprised to see it back and fill to 7 something before 1,000. Its setting up for 1200 plus in short order! Get out the asbestos gloves!!!

    1. Certainly technology time. I wish I had bought NVDA 1 1/2 years ago but instead I bought AMAT. Instead of being up 500% I’m only up 110%. If only we could be that lucky with all our investments.

      1. micahc, So many things to do, so little time. I plan on going through my GTC orders this weekend and seeing if I need to update for the expiry date. Also if I need to drop the order completely or move the bids around. I doubt I will move any bids down with the way the overall market has been lately. I just hate finding out I over paid for something after the price drops. Also need to look at a few new stocks to see if it’s worth putting in some bids.
        Well off to do some cider bottling and make a dump run

  4. Sold the other half of my holdings in KRP today at 15.81 goes ex dividend Tues.
    I haven’t been impressed with the price action the past month. Up and down and up and down throughout the day. Looked like too much day trading. Wasn’t a strong and steady climb into the ex dividend date. I may be wrong and this stock will continue to grind higher, but I think once we are past the pay date the day traders will lose interest in it. JMO

    1. Sold too, agree with your assessment! I will keep track after ex-div and see what happens.

    2. Charles (and Rocky)
      KRP
      We bought at the same time
      I still like it (especially the K-1 Return of Capital div treatment)
      I’m keeping

      We’ll see who turns out to be lucky.

      1. Better yet, ROC with no K-1.
        Premier owner of pure mineral and royalty interests across the leading basins in the United States

        We offer our investors a compelling risk-adjusted cash yield through direct mineral ownership in approximately 17 million gross acres with more than 129,000 wells, without any associated operating costs or capital expenditures
        Kimbell benefits from continued development of our acreage by leading operators, at no cost to us, and continued technological advances that are driving the U.S. energy renaissance
        Kimbell has elected to be taxed as a corporation for federal income tax purposes. Kimbell is neither a traditional Master Limited Partnership nor a Royalty Trust
        Our investors receive tax advantaged distributions via 1099-DIV without a K-1

      2. You could be right Westie, Lot of the market trades on emotion. This may be another one that got away. I traded with DMLP between 15.00 to 20 IIRC, which even though it’s a K-1 never hit me with a return of Capitol. Now look at it. I also traded VNOM but the yield wasn’t the same. What you need to do is keep an eye on this and the ex-dividend date.
        https://finance.yahoo.com/quote/CL%3DF
        Again you could be right as we go into spring driving season. Just remember it’s payout is based on production for the last qtr. Because of the drop in oil prices from Sept to Dec. I guessed the payout was going to be close to .41 to .46 again, just a guess.

      3. Keeping my KRP and intend to add as soon as enough cash accumulates in my stock account. I’m a big believer in diversification and KRP is part of my energy holdings along with DRLL, BCX, ARLP and PAA. I especially appreciate the lack of a k-1. At my age, cash flow is more important than capital growth.

        1. Vinny all these except DRLL have decent yields. Two are LP’s so I assume they are K-1 with nice yields and you plan on just holding them forever. I see ARLP has a good yield but is a coal based resource. I like KRP, don’t get me wrong. Just being a producer of a commodity like oil the cash flow will be variable.

          1. Yeah, I bought PAA and ARLP when I was new to investing and didn’t realize what a pia those k-1s would be. My advice to my son upon inheriting my portfolio was to sell off anything that produces a k-1. The DRLL holding is part politics as it’s run by Vivek Ramaswamy who promises to vote the shares of companies held to favor the stockholders and company, not some DEI ideals.

            1. Vinny, Thanks for the insight and feedback. Yeah, I used to flip LP’s in my 401k but I got worried about tripping up. Recent one I did was SPH. I made money off a quick flip and the tax form they sent showed a 125.00 loss for the short time I held. The only one I hold right now is the EPD and I’ll keep it for the income, same as you and let our kids deal with it.

            2. Vinny

              Your heirs have a stepped up basis when they receive your K-1 holdings. They are the ultimate for tax avoidance. Tell your son to invest in Turbo Tax and regularly file extensions.

              Greg

              1. Greg, thanks but the son in question is a CPA and avoids holding anything that generates a k-1. My partnership shares are in a taxable account so one gets to do the k-1 dance every year.

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