RE: RE: RE: RE: newmont mining the most ideal suit Hello rishshah:
Let's make one thing perfectly clear. I'm no shorter, and shorting is despicable. It's not investing and it destroys companies - like SMF - which has been heavily shorted since November 2010. Check my past posting on this issue on how I despise shorting.
Next - let's give you that your Newmont will takeover SMF. How much would they offer? Let's say $10.25, that being a 53% premium of the $6.70 closing price as of yesterday. The reason why I pick $10.25 is because I sold 40% of my SMF holdings at this price last year. I thought I sold cheap then but if I waited until now I would be giving that away. How many takeovers would give you a 53% premium? Please check before you answer. Very few. The point is I did not get rich when I sold for $10.25 and I doubt anyone else would in a "real life" takeout, as compared to a "dream world" takeout.
I know I know what is life without some fantasy? Especially in investing.