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I can give you one reason. You are tying up $47.75 in capital per share for a $1.00 gain you will not realize until the end of the second quarter or the first part of the third. Active traders feel they can get better returns in the same time frame.
FNRG sets sights on boosting revenues after successfully winning two LED lighting projects in Connecticut. All eyes set on $10?
yeah, I get that, but I've also seen more than not, when these deals are announced the price actually goes pass the amount announced due to speculation if someone makes a bid, there may be others ready to bid higher, this is very strange to me that the deal is priced @ 48.75 and this is nearly a dollar less than that. I'm still loading up, but not happy that they are allowing this manipulation. Over 18 million shares traded, and it's people selling below the buyout price? I think not.
Sentiment: Strong Buy