11/18/2020 – Pfizer Inc. (PFE)

Attention, those of you who own Pfizer Inc. (PFE):  PFE has completed a spinoff of a new company, Viatris Inc. (VTRS). More information on the spin-off can be found here. As part of this spinoff,  holders of PFE stock will receive 0.124079 shares of VTRS for every 1 share of PFE owned on the date of record, November 13th, 2020. Please …

11/18/2020 – SINA Corp. (SINA)

Attention, those of you who own SINA Corp. (SINA): SINA is being taken private by New Wave Holdings Limited. The acquisition will include a buyout of $43.30 for each outstanding share of SINA. Because of this agreement, you should sell your shares of SINA on Trade Day, and Transmogrify if necessary. If you are able to sell your shares above …

10/14/2020 – Noble Energy, Inc. (NBL)

Attention, those of you who own Noble Energy, Inc. (NBL):  NBL has completed a merger with Chevron Corporation (CVX). The merger includes a trade of 0.1191 shares of CVX for every 1 share of NBL previously owned.  As a result, some alterations need to be made to your Snider Investment Method worksheets. Lattco PRO & Lattco AutoPilot clients: the adjustments have been made …

10/14/2020 – Superior Energy Services, Inc. (SPN)

Attention, those of you who own Superior Energy Services, Inc. (SPN):  SPN has filed for Chapter 11 bankruptcy, and has changed its symbol to SPNX. This will likely leave the stock price with little or no value in the future. At this time we recommend selling your shares on Trade Day and recognizing the loss in the Snider Investment Method®. …

09/18/2020 – CenturyLink (CTL)

Attention, those of you who own CenturyLink (CTL): CTL has undergone a name and symbol change to Lumen Technologis (LUMN). All outstanding shares of CTL have been replaced with shares of LUMN, and all outstanding CTL options have been replaced with corresponding LUMN options. Lattco users will need to update your worksheets to reflect this change at your earliest convenience. Lattco …

09/16/2020 – SunPower Corporation (SPWR)

Attention, those of you who own SunPower Corporation (SPWR): SPWR has announced a special dividend consisting of a spin-off of shares of Maxeon Solar Technologies (MAXN). More information on the spin-off can be found here. As part of this spin-off, holders of SPWR will receive 12.5 shares of MAXN for every 100 shares of SPWR owned on the date of …

08/21/2020 – Valaris plc (VAL)

Attention, those of you who own Valaris plc (VAL):  VAL has entered bankruptcy, and has changed its symbol to VALPQ. This will likely leave the stock price with little or no value in the future. At this time we recommend selling your shares on Trade Day and recognizing the loss in the Snider Investment Method®. We recommend these steps to …

08/19/2020 – Noble Corporation plc (NE)

Attention, those of you who own Noble Corporation plc (NE):  NE has entered bankruptcy, and has changed its symbol to NEBLQ. This will likely leave the stock price with little or no value in the future. At this time we recommend selling your shares on Trade Day and recognizing the loss in the Snider Investment Method®. We recommend these steps …

07/15/2020 – Occidental Petroleum Corporation (OXY)

Attention, those of you who own Occidental Petroleum Corporation (OXY): OXY has announced a distribution of warrants to current owners of OXY stock. Stockholders of record as of July 6, 2020 will receive 0.125 warrants for every 1 share of OXY owned. The distribution of the warrants is expected to be completed by August 3, 2020. To illustrate how this …

07/15/2020 – Chesapeake Energy Corporation (CHK)

Attention, those of you who own Chesapeake Energy Corporation (CHK):  CHK has entered bankruptcy, and has changed its symbol to CHKAQ. This will likely leave the stock price with little or no value in the future. At this time we recommend selling your shares on Trade Day and recognizing the loss in the Snider Investment Method®. We recommend these steps …