MGM Growth Properties LLC (NYSE:MGP), Up By $1.34 (5.45%) After BUYINS.NET SqueezeTrigger Report Released on Monday, February 6
February 7, 2017 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, released a report on Monday, February 6th 2017 at 09:16:00 PST stating that MGM Growth Properties LLC (NYSE) was expected to be Up After it crossed above its SqueezeTrigger Price of 24.50 on Monday, February 6th 2017. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?id=524229
From August 2009 to January 2017, an aggregate amount of 55844556 shares of MGP have been shorted for a total dollar value of $1340269344. The MGP SqueezeTrigger price of $24.50 is the volume weighted average price that all shorts are short in shares of MGP. There is still approximately $71,248,186 of potential short covering in shares of MGP.
SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com .
MGM Growth Properties LLC (NYSE:MGP) - Merchants Group, Inc., incorporated in 1986, is a holding company that, through its principal wholly owned operating subsidiary, Merchants Insurance Company of New Hampshire, Inc. (MNH), engages in the stock property and casualty insurance business. MNH offers property and casualty insurance to preferred risk individuals and small- to medium-sized businesses in the northeast United States, primarily in New York, New Hampshire and New Jersey where a majority of its policies are written. M.F.C. of New York, Inc. is an inactive premium finance company wholly owned by MNH.
The Company and MNH operate and manage their business in conjunction with Merchants Mutual Insurance Company (Mutual), a mutual property and casualty insurance company, under a services agreement (the Services Agreement) that became effective January 1, 2003. As of December 31, 2005, Mutual owned 12.0% of the Company's issued and outstanding common stock. Under the Services Agreement, Mutual manages the day-to-day business of the Company and MNH.
Effective January 1, 2003, Mutual and MNH agreed to pool, or share, underwriting results on their traditional insurance business (Traditional Business) by means of a reinsurance pooling agreement (the Pooling Agreement). The Pooling Agreement applies to premiums earned and losses incurred after the effective date. The Pooling Agreement provides for MNH to cede, or transfer, to Mutual all premiums and risks on its Traditional Business during the term of the agreement, and then to assume from Mutual a percentage of all of Mutual's and MNH's Traditional Business (the Pooled Business).
MNH assumed 30% of the Pooled Business in 2005, 35% in 2004 and 40% in 2003. MNH's share of the Pooled Business will be 25% in 2006 and 2007, though not to exceed $42.5 million and $37.5 million in net written premiums, respectively. If the parties agree, MNH may increase its share or maximum amount of assumed net premiums written of the Pooled Business for any year. The Pooling Agreement does not apply to any new endeavor of either Mutual or MNH outside of their Traditional Business, unless the companies agree otherwise. As of December 31, 2005, neither Mutual nor MNH has entered into any endeavor outside of their Traditional Business.
The Traditional Business of MNH and Mutual (collectively, Merchants) are marketed jointly through approximately 500 independent agents. The primary marketing efforts of Merchants are directed to those independent agents who, through their insurance expertise, the range of products they offer, and their focus on service, provide value for the insurance consumer. MNH and Mutual provide the same portfolio of insurance products. MNH's products are generally offered to preferred risks while Mutual's products are generally offered to standard risks. Through Mutual, MNH services its agents from six strategic business centers in Buffalo, Albany and Hauppauge, New York; Manchester, New Hampshire; Moorestown, New Jersey; and Columbus, Ohio, and from its home office in Buffalo, New York. The strategic business centers are located within MNH's operating territories and focus primarily on policy sales and underwriting.
MNH is licensed to issue insurance policies in 13 states, primarily in the northeastern United States. In 2005, net premiums written totaled $45,135,000, with 76% of the net premiums written derived from commercial insurance and 24% from personal insurance. MNH and Mutual are licensed to underwrite most major lines of property and casualty insurance. They issue policies primarily to individuals and small- to medium-sized commercial businesses. The types of risks insured include personal automobile, which provides full coverage of standard performance automobiles; homeowners', which covers properties generally with no losses in the last three years that are less than 30 years old and valued between $125,000 and $500,000, and commercial automobile, which covers primarily light and medium duty vehicles operating in a limited radius, with complete background information required of all driv.
The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com
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