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Comverse Technology Inc. Message Board

  • monk8702 monk8702 Jan 24, 2013 1:52 AM Flag

    Bought at $4.35 as a flyer

    Hoping it works out from here. Looks to be undervalued for CMVT.

    Sentiment: Buy

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    • Tricky...Keep an eye on VRNT.

      Since it hasn't been closed on how many shares of VRNT we will get but they said it would most likely be 0.13 and with VRNT sitting trading @ ~10% below the rumored offer price from NICE, there is definitely some planning behind the scenes going on by the MM's.

      So it appears your upside is ~$0.03 per share for now.

      ie. if the CMVT buyout stays @ ~0.13 your value on VRNT at your entry price would get $33.71 * 0.13 = $4.38.

      Now if VRNT goes up and CMVT does not, than that is your time to buy. But I'm sure you will see both fluctuating at the same ratio.

      Walk carefully.