Is FII finally going to break syndicate bid??? If stock trades between 17 7/8 and 19 5/16 for three weeks and hold steady this could provide for a push above 20. The company itself should provide plenty of size on the bid above 19 3/4 if and when it breaks 20. 30-35 is a very real and not too distant target.
clips of FII buying someone? They have been talking about it for 1.5 years now. Why would they get the nerve now? The stock is still barely above IPO levels. The companies named in the latest news item have little incentive to partner with FII. This is all fluff.
Federated's plans include making acquisitions--not being acquired. As many of you know, the firm is held mostly by family and they have no intention of selling any time soon, ruling out any takeover, hostile or not.
As for someone addressing Y2K and the fact that Federated makes out either way. . .that's completely inaccurate. Federated is NOT a broker/dealer and therefore receives NO transaction fees. Federated simply earns revenues based on a percentage of ASSETS UNDER MANAGEMENT. Shareholders moving money from one fund to another within the family of funds means nothing good or bad to Federated.
TROW would be a better suitor...close to Invesco buying AIM and getting into the Broker/Dealer mkt in a big way..TROW is today just a direct marketer of funds. I look for the M&A activity to pick up after all the smoke from Y2K clears and (hopefully) a big up turn in the overall market first qtr 00 will up the valuations of pure money managers.Watch KSU go to a $100 in a bidding war.