RE:RE:RE:RE:Thank goodness!DeanEdmonton wrote: Even if it was, you needed it to be over $40 to break even. You can double down on the unprovable rational all you like, fact remains you have a tough decision to make, and deflecting won't change that.
Northforce13 wrote: "I would be willing to bet the reason they aren't talking is they never got an offer over about $30-35"
In a hypothetical scenario, were it feasible, I would bet half my net worth that the top offer was > that price level.
My cost is around $39
The situation whereby company's board of directors actively conceals the value of bids received because part of the offer involves the board losing their positions happens regularly, and I find it irritating and disgusting. So I suppose I'm venting my anger.
With regards to having a tough choice to make, I can choose to do nothing and sit like I'm doing now. LB has been > 40 before. I can sit and collect the fat dividend and see what happens, if anything. The big issue is having a large part of my capital tied up.
I do like the fact that the union is gone. Plus a "hostile" (to the board of directors, not share holders) offer might pop up for LB. Then again there is the tax loss benefit.
Doing nothing is a decision unto itself, I suppose.
Guess we will all see what happens.
GLTA