RE:RE:RE:RE:RE:RE:RE:RE:Should CJ Be Interested In GXE?Thanks P. Actually I think I am starting to come around to yours and Td's view if not my first thoughts.
I had originally posted that putting themselves up for sale is a sign of weakness so why a premium?
If they can get it for just under $1 per share or perhaps a 1 for 8 share exchange it would be worth it?
At 1 for 8 that's about 90 cents a share a CJ current share price and with a .01 div raise across the board for all that would give GXE shareholders a 75% raise from their current div and CJ holders a 17% div raise. Really the premium is in the dividend raise and potential share price accretion for GXE share holders.
I understand there are some tax pools too?
GLTY and all
Pottsy wrote: Great analysis as usual Q1, thanks, yes I may be too simplistic in my summary. BUT time will tell and as we know things change. Look at today, China influences, great traders opportunity but will CJ recover or not, I mean the stock is at low of $7.08 with a close of $7.11 but an open of $7.39. Really. OIL down 2.4%, This is why I trade. Oil will continue to be volatile. As you say GLTA