UK Markets open in 1 hr 54 mins

PNM Resources, Inc. (PNM)

NYSE - NYSE Delayed price. Currency in USD
Add to watchlist
49.52-0.10 (-0.20%)
At close: 4:00PM EDT
Sign in to post a message.
  • p
    progress
    Looks like all the ducks are in a line for a quick closing based upon arbitrage players. Approval probably by next week.
  • j
    j
    I wonder why PNM, a successful utility being bought out by a bigger Avangrid for $50.30 in cash, not stock mind you, and distributing 33 cents/share before being sold is running quite below #50.30.
    Four out 5 regulatory bodies have approved the deal and the fifth one as far as I read doesn't seem to have any opposition.
    I would expect the stock right now be valued very close to the offered price. Any reason why not? Thanks.
  • p
    progress
    Spike up at close friday. Meetings were supposed to held this week to finalize the deal but no announcements. Does anyone know anything at this time? It is strange to be in a position that I am okay if the deal goes thru but if it does not, I see this stock running to the $55-$60 after a short sell off down to around $45. Any opinions--There are a lot of good things happening in New Mexico, big migration of work at homers coming in. BREAKING GOOD.
  • j
    j
    Is there an expected dividend coming before the merger with Avangrid is completed in the near future?
  • K
    KRTRLB
  • p
    progress
    Well up bigly today. What gives?
  • W
    William
    Hey, while we are just waiting for this stock to get kyped, does anyone know what the tax implications will be for long-term shareholders? Long term capital gain, qualified long term dividend, or some combination of those?
    I am weighing the possibility of selling before the payout in order to have 100 percent cap gain so it can be offset by the sale of another losing position.
    My basis is in the $4-5 range, so most of the payout will be gain.
  • B
    Ben
    When will the merger be finalized?
  • p
    progress
    Free money right now with divi on Oct-30.
  • D
    Dominic
    bought on today’s dip
  • p
    progress
    Any thoughts on this week? Down ~$0.50 on no news. People throwing away free money? Were investors maybe expecting a sweetener to the deal?
  • T
    T
    When the buy out Will be done?
  • D
    Dennie
    Thanks
  • Y
    Yahoo Finance Insights
    PNM reached a 52 Week high at $45.05
  • Y
    Yahoo Finance Insights
    PNM is down -4.93% to 35.70
  • Y
    Yahoo Finance Insights
    PNM reached a new 52 Week Low at 33.80
  • Y
    Yahoo Finance Insights
    PNM reached a 52 Week low at 42.04
  • Y
    Yahoo Finance Insights
    PNM reached a 52 Week low at 42.04
  • Y
    Yahoo Finance Insights
    PNM reached a 52 Week low at 34.96
  • Y
    Yahoo Finance Insights
    PNM reached a 52 Week low at 32.87