06/19/2013 – Palomar Medical Technologies Inc. (PMTI)

Attention, those of you who own Palomar Medical Technologies Inc. (PMTI): PMTI is the target of an acquisition by Cynosure Inc. (CYNO). PMTI shareholders will receive approximately $13.65 per share, half in cash and half in common stock of CYNO.  Because of this agreement, you should sell your shares of PMTI and Transmogrify after June expiration. We’re here to help! …

06/19/2013 – Excel Maritime Carriers, Ltd. (EXM)

Attention, those of you who own Excel Maritime Carriers, Ltd. (EXM): EXM is filing for Chapter 11 bankruptcy and has been delisted and changed its ticker to EXMCF. This will likely leave the stock price with little or no value in the future. In the event of a re-organization, new shares will be issued. The old shares are essentially worthless. …

06/19/2013 – Central European Distribution Corporation (CEDC)

Attention, those of you who own Central European Distribution Corporation (CEDC): CEDC filed for Chapter 11 bankruptcy and has been acquired by Russian Standard. Shares of CEDC are canceled and cease to be publicly traded.  At this time we must recognize the loss in the Snider Investment Method. We recommend these steps to close the CEDC position: • Complete the …

05/15/2013 – Valero Energy Corp. (VLO)

Attention, those of you who own Valero Energy Corp. (VLO): VLO announced a spin-off of CST Brands (CST). Shareholders will receive 11 shares of CST for every 100 shares of VLO.  Due to the spin-off, if VLO is not called away, you should sell your shares of CST after May expiration and use the proceeds to reduce your cost basis. …

05/15/2013 – MetroPCS Communications, Inc. (PCS)

 Attention, those of you who own MetroPCS Communications, Inc. (PCS): PCS was the target of a merger by T-Mobile US, Inc. (TMUS). PCS shareholders received $4.0491 cash and .5 shares of TMUS per each share of PCS. Because of this agreement, you should sell your shares of TMUS and Transmogrify after May expiration. We’re here to help! Here is a …

05/15/2013 – The McGraw-Hill Companies, Inc. (MHP)

Attention, those of you who own The McGraw-Hill Companies (MHP): MHP announced a ticker change to MHFI effective on May 14th, 2013.  Change the ticker on your Individual Stock Purchase Record from “MHP” to “MHFI” and continue trading like normal using the new ticker. LattcoPro clients: the adjustments have already been made and should be reflected in your account. If …

04/17/2013 – Corrections Corporation of America (CXW)

Attention, those of you who own Corrections Corporation of America (CXW): CXW announced a large special dividend of approximately $6.63 per share of CXW.  Your shares will most likely be called away, but if they are not called away after April expiration, please call us and we will provide the steps necessary. If you have any questions, please don’t hesitate …

03/18/2013 – Leukadia National Corp. (LUK)

Attention, those of you who own Leukadia National Corp. (LUK): LUK announced a spin-off of Crimson Wine Group (CWGL). Shareholders will receive one share of CWGL for every ten shares of LUK.  Due to the spin-off, you should sell your shares of LUK and CWGL and Transmogrify after March expiration.  If you can close LUK for a profit, then you …

02/13/2013 – Focus Media Holding Ltd. (FMCN)

Attention, those of you who own Focus Media Holding Ltd. (FMCN): FMCN is the target of being privatized by the Carlyle Group (CG). Because of this proposal, the volatility and option premiums for FMCN are low.  We recommend to sell your shares of FMCN and Transmogrify after February expiration. We’re here to help! Here is a link to the Transmogrification …

01/16/2013 – Abbott Laboratories (ABT)

Attention, those of you who own Abbott Laboratories (ABT): ABT announced a spin-off of AbbVie (ABBV). ABT will most likely will be called away along with the shares of ABBV, however if you still have this position after January expiration, please call us and we will provide the steps necessary. If you have any questions, please don’t hesitate to contact …