RE:NFK's PP-PO BHN-1; Implications for DXE/NFK - History :)Hey Jwall, I agree with most of what you've written. I think liquidity has a big part of it as well, as others have suggested.
As for the John Nelson theory that some have put out there, I don't give it much weight. Nelson didn't just become CEO of NFK obviously, but anyone who takes a few moments to look at the charts will see that NFK has historically traded at a discount. It has only been in the last few days that NFK's stock price approached parity with DXE. My hypothesis: there has been a rush of new buyers, may of whom are day and swing traders -- they're playing the more liquid market, which also happened to have a lower cost of entry ... until now!
Either way, I think the future is bright for both companies ... knock on wood (and yes, I just knocked on wood, for the record). GTLA.