Post by
purse on Apr 21, 2016 5:44pm
65 USD +
65 USD plus a premium to the last financing will be the takeout offer. Shorts eat it, now you pay the piper.
Comment by
BullishBaytix on Apr 21, 2016 5:53pm
That would be a brutal hit to any shorter. Shorting to Zero very rarely ever happens, and this company is doing all the right things. I might even hold my 15k shares for a while. all the best tomorrow everyone.
Comment by
visionaryfool on Apr 21, 2016 6:06pm
I dunno about price though. I would love it if that was it but I think more realistically, it'll be closer to $40USD to $50USD. Anyone care to calculate VWAP for 1, 3, and 6 months for this stock?
Comment by
Roller007 on Apr 21, 2016 6:08pm
Visionary: no way at 50 usd. 60 is the minimum. I will bet on it.
Comment by
ohwhatanight on Apr 21, 2016 6:27pm
i completely agree... $65 USD is the minimum.. no way these investors are going to lose $$$ OHWHATANIGHT tonight ...... Smiles to all .... GLTA
Comment by
Goldleaf420 on Apr 21, 2016 6:28pm
Roller007 for once I totally agree with you :)
Comment by
patenright111 on Apr 21, 2016 6:31pm
I very much doubt she gets bought for $65 us. I say $45-50 us, that would still be a 100% premium !
Comment by
richardtrader on Apr 21, 2016 6:41pm
Might want to watch the video https://www.bnn.ca/Video/player.aspx?vid=854490
Comment by
purse on Apr 21, 2016 6:45pm
don't need to watch the video, the special committee will decide along with MT
Comment by
thedave2006 on Apr 21, 2016 6:46pm
donville said on bnn today, he thinks cxr should have a 6 handle....us or cdn $ I don't know.
Comment by
ohwhatanight on Apr 21, 2016 6:42pm
Paten: institutional investors , who pretty much control this company, would not tender their shares at 40-45 usd .... you are basing your projections off the 52 week low that has been hit because of Valeant and a very small float of shares trading.... $65-$80 USD is where the big boys will tender....
Comment by
patenright111 on Apr 21, 2016 6:54pm
look, im not saying 65 us is not possible, I just think 50 us is more realistic, I agree stock never should have been as low as it was at 23 but the fact is it was and the reality is takeovers go based on a premium to current price even if it is an undervalued one. anyway, I will be very happy and I hope this gets bought for 65 or higher but I just don't see it .
Comment by
ohwhatanight on Apr 21, 2016 6:58pm
I'd say the first bid is $55 usd .... we'll see that tomorrow .... I'd expect other interested parties to bid it up to between 65-80... GLTA
Comment by
Roller007 on Apr 21, 2016 7:04pm
Patenright: you can't look at the Sp now as it was the market saying that that's where they thought Cxr should be trading at. We talked about this the last couple days, where the market is saying one thing and the analysts are saying another. Now that we know that the market was dead wrong, look at the analysts and you will get to 65usd.