RE:RE:RE:Takeover bid
Something doesn't smell right. Act accordingly,...
(Sounds like a BS offer to play the stock price)
Why would someone only offer $28 and change when the company is on solid ground. And only suffering from distorted market value due to macro economics, and short selling games.
This is a traders opportunity in my opinion. Gonna do me some Whack-A-Dhortie.
GLTA, cept the Dhorties of course!!
HermannHaller wrote: You're suggesting the unnamed bidder could be a hedge fund that just wants a higher price to short? That seems highly unlikely to me. First of all, I think management would see through that and make note that the bid was not from a credible source. Also, if it is some other financial player, secretly related to a short hedge fund, why wouldn't they have made the bid public? A public announcement of a bid would certainly drive the price up, why meet with the board at all? Note also that HCG says this is the second time this group has made an offer to the board.