RE:Great opportunity
Back in 2008, when we are suffering in fear, a little company called Nova Chemicals fell on my radar screen. I believe it was trading at $ 1.35 that day. I could not believe this, as it was a $ 30 stock, severly discounted. Lousy management had brought this to the brink of disaster, that they were almost bankrupt and the Alberta government was PO'd with them and wouldn't help. Along comes a Kuwaity group who said we will buy that - $ 6 per share. I think a year earlier they had offered $ something like twenty, but todays offer was $ 6. It was the best money I made on an investment - in one month close to a 500 % return.
Now the original investors were screwed right over and even the executive team had to accept the $ 6 on the millions of shares they owned (I better wipe the tear in my eye for them). I thought the $ 6 was highway robbery (though a great trade for me).
The point is that COS is starting to get themselves into this bind and the white knight may end up being a greedy shrew.
I agree buying at this price may be good, but it could still go lower even, but if you bought a year ago or even 5 years ago, ... There is no such thing as safe investment or secure dividend.