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Ancestry.com Inc. Message Board

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  • swank818 swank818 Nov 20, 2012 3:37 PM Flag

    Why has the SP been dropping each day?

    People who own have gains and would rather be taxed in 2012 than 2013 given the likelihood of an increase in taxes. For someone who bought at $24 and has a gain of $7.50 that could be a huge difference. Also, "stuff" happens and if, for some reason, (market conditions for example) the deal does not go through, this will drop back to $28-$29 or less...so upside is $50 and downside is $4+ maybe. Better to take the money and get into something new that has more than 1.3% upside in 2-3 months.

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    • I doubt that the gains on stock investments will cost people with incomes under $250,000 or possibly $500,000, any extra taxes, or a very small increase.

      I do believe that with each quarter showing higher income, ACOM will be higher than $40 before the end or 2013.

      This deal is so bad, that they purposly announced it the day before a positive earnings report.

      Do they think that they fooled anyone?

      They are selling for well below what it is worth, and they know it!