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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (72514)	3/9/2023 11:53:27 PM
From: Elroy	1 Recommendation Recommended By E_K_S Respond to of 78817

Funny you mention this one, I just bought Apr $42 TSEM calls today. I don't follow this one closely, but I seem to recall that they were expecting the regulatory approval (or at least some response) any day now. I think if China does not give regulatory approval, then perhaps the combined entity may not be able to sell product in China, something like that is the potential penalty. I think the only thing China is supposed to look for is whether the acquisition may reduce competition, anti trust stuff. But the geopolitics around the semiconductor global industry is shifting a lot. Who knows what the Chinese decision will be, whether it will be on time, or much of anything about it. I don't know. If this goes through with Chinese approval, I think SIMO will jump in response. SIMO is even more complicated for China to approve (since it's in Taiwan and the buyer is USA), but this TSEM-INTC deal is the first signal. If TSEM gets rejected by China, I think SIMO hasn't got a chance. I'm not super up to speed on any of it though, but I think it's something like China has one year to respond to the INTC-TSEM regulatory filing, and the year is up fairly soon.

To: E_K_S who wrote (72514)	3/10/2023 10:50:22 AM
From: Elroy	1 Recommendation Recommended By E_K_S Read Replies (1) \| Respond to of 78817

Got my 2022 K-1 for CVR this morning. For the first time ever Box 1 Business Income is positive. Box 1 Business Income is about 105% of Distributions. So I have more taxable income than distributions this year. It is ALL classified as UBTI income (my box 20 UBTI Income = Box 1 Business Income). This is sort of a disaster. I think the tax benefit to me of owning an MLP (UAN) is down to zero. Haven't entered the numbers into Turbo Tax yet, but it looks like it's going to be painful in terms of tax obligation results....