Post by
Aberlour on Mar 25, 2009 12:20pm
Overhang disappearing $3.47
The overhang from index and dividend funds has been suppressing the normal market reaction to the Kinross news. The dilution brings the tangible book value down to around $7.50. That's why Kinross made this move, they are buying $1.00 for $0.50. They know it and they realize what a deal they have been given. It appears that is disappearing and I believe the stock should move at least to what Kinross paid for it. JMHO