this stock/company/worth about 25% more and this is a good weekend to see an offer
Sentiment: Strong Buy
I^ve read the offer is from VFC that owns Timberland. Good enterprise in my opinion...i´d like to hear what other people think about them tough...
But...¿Just $ 45.00? Martinez and the other guys bought between 46 and 47 if i remember well.::It´s supposed they wanted to win... not to sell at a lower price...
No way $45 an offer flies for a company with such a oular core product. Stock would zoom more than 30% on any news of a buyout offer on short covering alone.
Shorts are looking at every opportunity to cover. Recall the large Call position for north of $40. We'll definitely see movement next week, whether a buyout offer surfaces or not.