Good Morning All!!!A very nice morning for those of us who hold shares in this company.
I'm reading lots about how this offer will not be accepted and that there are bigger offers coming down the pipe. To that I say "not a chance". They have obviously worked out this deal for the beterment of the company, shareholders and employees. This is a "friendly" takeover, that almost always means it's a done deal except the dotting of the I's and the crossing of the T's. It's nice to dream of a bidding war but that just won't happen IMO.
Here is how I see the next few months unfolding...
This deal goes through with unanimous approval.
It goes through just before the 1st Q numbers are released.
The first Q numbers are excellent, lot's of complaining that the $6 a share price was to low..
The stock goes for it's second big gap up this year (this is the first one)
After that who knows. It will all depend on sales and world markets etc..6v2e2
I don't plan on selling until after the first Q numbers. Think about it, the group that just bailed them out has seen the companies financial sheets. Lipton explained last week that they have raised prices three times on Poly, the feed costs are much lower than last year and sales exceed the first 6 weeks of last year...do the math! They are not buying at $6 a share to have it stay there for a very long period. Having said that it is NEVER wrong to take profit and I understand the volume and sentiment for many owning this stock. I'm just going to do it my way. GLTA
It's been a great month sharing ideas and thoughts on this medium. Congrats to the guys that have been here doing that and are being rewarded today!
Wolf