RE:RE:RE:RE:well bid
Regarding the question of Telus' interest:
I'm not sure what will transpire, and I agree that QHR will be reluctant to break the deal with Loblaws,unless a better bid comes in. In my mind, that means we have a floor price of $3.10 for QHR shares. As mentioned before, I've decided to hold my shares for at least a bit, as I feel this floor price is pretty firm, insofar as this deal seems to be a good fit for Loblaws/Shoppers growth.
However, in the back of my mind, I'm still wondering about Telus. A few months back, when I heard that Telus was taking a bit of an interest in QHR, I was secretly pleased, thinking that this would ultimately bode well for QHR's shareprice, as QHR could represent a good buy-out and potential growth avenue for Telus.
My thought is that a company like Telus is probably pretty flush with cash, but has few opportunities for growth in the smartphone arena (as market saturation has occurred across most of the country). So, for Telus, companies like QHR could represent a nice avenue for future growth in a related industry.
I'm not sure if Telus is going to want to give up on this so easily (but this is only a hunch), because, as I look out on the horizon, I'm not sure where else Telus can find relatively easy avenues for growth. I'm wondering if a nice round bid of 200 million for QHR might not be in the works. I guess we shall soon see.