(PNNW) Pennichuck Corporation Reviews

Impact of Taxes n/a

Clarification -- my former assessment of the worth per share was former to the fee of any levies to be paidBy the business on gains. AsA C company, the business would pay government earnings levies at commonplace rates. By that procedure, presuming $11 million in levies (less than the$15 million documented in the McCarthyPress issue, but then IJust examined government levies and the 10Q rapidly -- didn't do aFull workup) the come back to the shareholderWould be nearer to $19 perShare. I will not accept as true the City would anticipate shareholders to accept $19Per share now other than the $33Per share levy free in PSC supply under the former offer. Then afresh, ..., I don't desire to invest founded on wish other than fact.Common sense shows that Jaengbang's wanted for $39 perShare (presumably former to taxes) is moreLike the offer essential to agree the PSC offer.I suppose he conceived this number by employed rearwards, other than looking atThe City's declaration that the offerWas $121For the "assets". My difficulty extends to be whatThe City, other than Alderman BrianMcCarthy, said.Hopefully the City will reassess its alternative of words.

Nothing new since the Alderman (yet) n/a

Neither the business neither the CFO at CityOf Nashua have answered to our newest investigation for more facts and figures. The Alderman's commentary in a localized paper (now described on Multex as wellAs by somebody on this board)Was thatThe offer would agree the PSC offerWith aBump for taxes. At the initial press seminar, Nashua broadcast an offer cost for the "assets"Of the supply (without supplying the text ofThe 2 sheet offer), then verified to us inA telephone call they wereNot presuming the liabilities. If youTake that declaration literally it would omit an assumption of building financing (presumably for workTo be completed) liability and lead toA cost far smaller than the planks are eager to accept. I documented that, and wasCastigated byThe Board as idiots. We extend to await a come back phone call from the NashuaCFO, as the business will likely stay clammed up.I work for a cash administration firm. I am in person LONG PNNW supply, and genuinely wish that who abused me and asserted the offer was matching to $39 perShare is correct.But there is noHard facts and figures out there, otherThan 2 vague statements.

Nashua Buyout n/a

Just one shareholder's attitude in looking atThe numbers: buyout cost $203 million less liability $65 million due to holders$138 million split up by 4.23 million portions is about $32.62/share, andI do not accept as true that encompasses all of theAssets ofThe company. The residual enterprises could furthermore be settled in a wayThat makes fee to the shareholders.Be involved to understand what other shareholdersThink.

LPL gets hit w/ $1,116,402.50 fine n/a

<<This note board has been ratherSlow of late inSpite of the electionsAnd PNNW's advocating crusade in New Hampshire.Half theTime, I can't even get access to this board through Yahoo.>>Which is probably one cause that the trafficOn the boardIs so low. This isThe first time inA weekThat I've been adept to embark.Good report - 2 of the 3 pro-Pennichuck candidates forAlderman wonTheir races. Not certain how much it willHelp in the longRun but it hasTo be glimpsed as a positive.More good report - the Sh*ttyOf NashuaIs in poor economic status, levies are going throughThe top covering, the voters are moreThan a little PO'd at Mayor McCheese, andThere doesn't appear to be many of support in the local area for the disapproval advancing.Not so good report, the NH SupremeCourt has supported the Sh*tty ofNashua's lawful right to advance with the eminentDomain method so Pennichuck should extend to slug it outBefore the NH Commission.I don't believe that there isMuch prospect that the eminentDomain method will finally do well, bearing in brain that the regulation needs that accused house should be came by at market worth, and the conclusion of market worth is subject toJudicial reconsider, and our associates at Aqua AmericaWould gladlyWeigh in with a tender that would makeMayor McCheese barfAll over his MolsonMuscle. Consider this: Aqua America supply actually deals at over 34X ahead EPS. Whether itShould orNot is an intriguing inquiry, but it does. PNNWIs going to profit from, oh, state, about $0.65 thisYear. Now,It should be earning$0.90 per share, but theCost of battling off the grandiose dream of Mayor McCheeseIs striking EPS by about $0.25Per share. So, counting on how you gaze at it, PNNW deals at 29.6X described EPS or 21.4X centre functioning EPS. I would aim on the centre EPS because finally either Mayor McCheese does well in robbing PNNW from we whoOwn it or finally he falls short, and either way theLitigation and advocating charges and crusade assistance and the like proceed away. That meansThat AquaAmerica could pay a pleasant premium, state 30%, and come by PNNW at 27.8X centre EPS, and ifThe market extends to capitalize Aqua AmericaAt 34X ahead EPS, the supply would proceed up. The buy of PNNW at $25By Aqua AmericaWould be accretive toEPS before anySynergies, and there would beSynergies. Just forStarters, all of thePublic business costs encompassing the cost of obeying with Sarbanes Oxley, business head office, investment, accounting and treasury, allThat would proceed away on dayOne. That's not less than some million dollars.So, I don't believe that the eminentDomain advancing does well at all becauseThe onlyWay that it couldWork for Mayor McCheese andThe Sh*tty ofNashua is if they canLowball the "market value"Of the assets amdMake it contain up in court, andI don't believe that PNNW's very adept administration group or the evenMore adept administration of Aqua AmericaAre going toLet that happen. MayorMcCheese desires to get real.Money converses and BS walks.If theSh*tty of Nashua likes to come by Pennichuck, it is goingTo cost not less than $125 million and likely more. Aqua AmericaIs eager to pay thatMuch, rightHere, right now. NashuaIsn't. The Sh*tty of NashuaWould have to lift levies or lift water rates throughThe top covering to pay forThe acquisition,And that is democratically a nonstarter.

Hey wake up! Stop snoring! n/a

Seriously, any person here, or amI listening tomy echo?I glimpse at the starting of the year there were mails about takeover rumors forPNNW - so far nada. LooksLike the supply cost knows it.Not that that was whyI ever acquired the supply. I registered in the PNNWDrip aboutA year ago. I first came across PNNW by Rick Rule at GRI.http://www.gril.net/ After assisting his annual seminar in March 99 I registered in the drip.At his seminar this year he saidHe considered underneath 22 a good grade to buy.

over-analysis? n/a

I like the entusiasmHere but I believe this may be over-analysis. With today's capacity, we are lookingAt about only 200-250K in dollarsMoving. AndSome of those dollars are at the bid.If thereIs a "leak" about an acquisition I believe we would glimpse more dollars moving.I just don't glimpse the large-scale buyer. I glimpse a supply that is not very liquid. I haveBeen observing water businesses for example this one for years,And itIs not uncommon for these supplies to leap a twosome of points on slim capacity. My estimate is a twosome of days before when the capacity "jumped" to over 20,000 (barely1/2 mil dollars), someone for example Gabelli might be buying.Still, long-term, and perhaps even short-term I anticipate to glimpse supply proceed higher, and even beAcquired. Charts orNot, PNNW is still a buy.

Offer is $23.50 to $25.50 per share n/a

Offer is $121 millionFor assets, so worth per share is$121 millionLess $64.5 million in liabilities and other obligations, or$56.5 million perQ3 2003 10-Q. ThereAre 2,403,107 portions (diluted) so worth of offer, disregarding levies (shouldn't be a large-scale difficulty since most of theAssets will not make a gain on sale)Is $23.51 perShare. There are $5Million of money and anecdotes receivables, worth another $2Per share presuming they are notPart ofThe offer. So, the worth of the offerIs about$25.50 per share. OldUtility co. offer was $33Per share.

ALL n/a

Am I correct that2 1/2 times publication is $37.50? IfSo wouldNot that be the cost that the newest water ute's have traded for? yOUR THOUGHT'S?BEST REGARDS.

CTWSPNNWMSEXARTNAYORWAZX n/a

Is it timeFor aNew cycle of water amalgamation mania? Kevstudent where are you?Did you drop out of cyberspace or what? The NASDAQIs swooning andThe Dow is sick. Now is the time forH2O to prevail. GOOBER