Good post. I'm here for the divvy and long term prospects. A buyout would be a welcome surprise, but the stock should do well after we get through the recession. In the mean time, we get paid for our patience.
Not buying on speculation. Its a great buy for the long term business prospects and divvy.
Consolidation is taking place and will continue. The BOD cannot resist an attractive buyout just because of its loyalty to Mr Mac. Shareholder lawsuits = BOD liability. The loyalty is to Mr Mac (I surmise) and not to Jr. Mr Mac, God love him for everything he has done, grows older by the day and his health does not appear to be well based upon his public apperances.
Jr ain't Sr. This becomes more of a take out target as each day passes. Especially when an unsolicited (and subsequently, adversial) buyer steps in. Its all about the shareholders, not just a couple of them.
Collct the divvy, some upside cap gain appreciation and, hopefully, an attractive buyout.
God Bless America.
I wouldn't buy any stock on speculation of a buyout. For example, Dillard's (DDS), has been undervalued and a supposed buyout candidate for years, but the family controls the BOD and has rejected all pressure to sell.
Buy at 14, buy at 15, buy at 16 for that matter. The near term business environment is not very good but have no fears. This baby will be sold in 12-18 months. It has been my opinion for some time that the company remains in the control of the Mac family and friends (aka the BOD) because the company is Mr Mac's baby. That cannot continue forever. The company should do what's right for the shareholders, not a few who are in charge. One or more attractive bids will come along and the board has a fiduciary responsibility to do the right thing. Buyout at >$25 share by June 30, 2009. JMHO. Due your own DD. Good luck. God bless America.