Following these updates regarding the new ceo and the immediate embrace shown for Icahn and his two new BOD seats, this company is not going to be sold within weeks... but with the nub shorts and momo chasers now shaken out, be ready for the lift coming.
Our position here is tiny, and well let you know when we blow out. LOL
I won't be too sure. Every time in past when this stock gets in the 22-23 range it hits a brick wall and fails. With the standstill agreement Icahn can't buy more stock, so who is going to propel the stock thru this wall. Also it looks like Icahn is not going to push for this company to be sold immediately, so we still have operational issues that need to be dealt with and that won't happen overnight. I am bullish, but I see a slow grind with some downdrafts as legacy issues hit the stock.
And isn't it just grand that they also gave Uncle Carl two BOD seats for the asking to go along with the poison pill they put in two weeks ago? It is quite obvious they want to be like the HLF story (seeing the stock kick butt with quality sponsorship vs seeing a new management team or imminent sale of the company.