Time to move on. Even so, I intend to hold my HNZ shares until the buyout (maybe I'll get 2 dividend payments out of it); I figure the market could very well be going down over the next few months and I can use the buyout money to get a nice depressed dividend-paying stock.
My preference is long term compounding versus a one time short term gain. The cash buyout requires long term investors to seek income elsewhere and the buyout results in capital gains at the worst time. Berkshire doesn't pay a dividend so pull your head out of your #$%$ and smell some fresh air.
Maybe he withdraw his offer the stock will go down 20% and he won't get your shares cheap.
I invested in this stock to get a nice dividend and a little aprreciation. In my mind this is a windfall. And the lawyers, well what can I say they are lawyers,
Better yet how about everyone gets one of those 9% Preferred shares as a dividend and we keep the common stock also. I am supposed to view our side of this as a WINDFALL. Sure looks to me like a WINDFALL for Buffet.
Actually I'd like to take him up on the Not a Penny More comment, guarantee he'd move if anyoone stood up to him. But I guess if I was CEO getting $100 million and the board that I am sure id doing real well also, I'd take the money. That I would agree is a WINDFALL.
I'd rather hold it also, we see $72.50 in a couple years along with dividends on top. Obviously, if Buffet is paying $72.50 this is NOT A WINDFALL, END OF STORY. The man is cheap when he buys you out, you always lose.