* Peltz's bid was highly contingent * any other offers that come in, the Board has a fiduciary responsibility to evaluate-and do what it believes is in the best interest of shareholders. * Peltz still could come back and wage a proxy battle-but this would be expensive(and a waste of time unless he has financing locked in. * Merrill Lynch had a 2011 price target-before Peltz'ds offer- of $58. S&P had a $55 target.
* FDO is trading now at a similar P.e. to DG, DLTR,Fred's,etc. With share buy-backs and dividends, sales & profits growing longterm investors will be fine (IMO)
Thanks. I like FDO as a company and think they are great for our current economy. I originally bought at $41.77 and sold at $53, then bought back at $49.78 and a little hesitant about the risk of it dropping back to pre-offer levels.