The year in review (short version): dbr has been wrong 95% of the time (I'm being generous here), Monrio has been right 95% of the time. A DBR_SVSski kind of year. Us longs are laughing all the way to the bank dbr.
rowley, I'm a bit confused. All the news releases are saying the merger completes and RFMD/TQNT start trading under the new Quorvo trading symbol starting Jan 2nd, 2015. Are you saying you think this gets delayed?
Next merger question:
Another news release from Dec 16th says the following about the Dec 31st TQNT/RFMD merger :
"The resulting company will have 600 million shares outstanding following the all-stock transaction, but prior to a planned 4-for-1 reverse stock split."
Does anyone know/has there been any other news releases indicating when this might happen, the "planned 4-for-1 reverse stock split.""????
Brean Capital last Monday raised price targets as follows: "The price target on RF Micro Devices was raised from $16.00 to $20.50 and the TriQuint price target was raised from $25.00 to $33.50."
This may have been covered and I'm still learning but how is RFMD going to get from $16.00 to $20.50 by the merger date of Dec 31, 2014? That's just 3 more trading days....
They all have a different amount of outstanding shares. Share price is determined by market cap divided by outstanding shares. So an apples to apples comparison of share price is not an accurate indication of a companies value at market.
The example I outlined below is as of the closing price of 12/5/14. The stock prices are higher as of today's close. I'm not going to do the math again (I am about to sit down to Christmas dinner). I believe I read earlier that a poster here "Cheetah_two" did the math and as yesterdays close the share price will be $66.23 (as of close 12/24/14).
1 share of TQNT = 1.675 shares of QRVO
1 share of RFMD = 1 share of QRVO
2500 RFMD = 2500 QRVO
2000 TQNT = 3350 QRVO
total = 5850 QRVO
5850 / 4 = 1462.5 QRVO
Market Value (as of todays close 12/5/14)
TQNT - 2000 X $26.13 = $52,260
RFMD - 2500 X $15.62 = $39,050
total market value = $91,310
QRVO - $91,310 / 1462.5 = $62.43
QRVO - $62.43 per share at current market close (12/5/14)
With avgo 25 bil, swks 14 bil, and qorvo 9 bil,
Share prices should be :
Avgo 100, swks 76, qorvo should be around 40.