RE:12.65$ price targetDemian72 wrote: I might be totally wrong, hope I as am ACB long, but something tells me that the prise will downtrend to 12.65 and will stay around that figure until the deal is done.
Any thoughts?
I cant think of a purchasing company that’s stock went up considerably after a large merger. It’s always the purchased company that does well and the purchaser feels the pain.
Some of the larger Canadian company mergers I can think of.
Teck Resources and fording coal. Teck almost went bankrupt.
Cenovus enerrcy and Connoco philips. Cenovus share price was cut in half and still trying to recover.
I like acb but they have gone wild buying things over the past while and issuing shares for purchasing as they don’t have any substantial amounts of cash to use, which is also never good for share holders.
I like the merger and not here to bash aurora as I do like it but I do not like the fact they are making billion dollar deals with no money and I think it’s going to pay a bit for that. Well it’s not going to pay. The shareholders are going to pay.