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CATALYST PAPER CORPORATION T.CYT

"Catalyst Paper Corp is a producer of mechanical printing papers in western North America. The Company operates through four segments: coated paper, uncoated paper, newsprint and pulp."


TSX:CYT - Post by User

Bullboard Posts
Post by dusty11on Oct 31, 2008 10:59am
420 Views
Post# 15558257

in the weeds

in the weedswatching the chips fly so close to the offer I wonder if what we are seeing is an accumulation for another offer..It would be a no lose situation...if you beat Medronic you already have a nest egg of cheaper shares and if Medtronic comes back with a higher offer you sell for a premium....What leads me to believe a bid is coming is the fact that the small arbitrage holder did not flood the ask when the price went to $8.70....why are they holding for .05 when they could be out risk free with the bulk of their profit...This is not risk free....if this for some reason falls apart the s/p would drop to $5.75 in my opinion. Best case scenario is that the houses are accumulating for another suitor and that we will hear from them next week...I would like to see at least 750k volume today to support this...worst case is they are accumulating for Medronic and will take the guarantee with premium... Another Canadian company with great global potential saddly disappears one way or another....dusty
Bullboard Posts