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Sanmina Corporation Message Board

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  • buysell1929 buysell1929 Aug 9, 2008 6:03 PM Flag

    Take-Over very possible

    The short squeeze starts at $2.44 which is the 52 week intraday high. The two year intraday high is $4.44. Figure any offer over $4.50 allows anyone that bought in the last two years to get at breakevern or with a profit and anyone that short in the last two years to be under water.

    OTOH, why would anyone buy SANM? To be a takeout target you have to have a lot of costs that can be squeezed out by the buyer. I don't see a private equity firm doing the deal as they can't squeeze the costs out of SANM as a standalone company. So that leaves some large player in their industry that could get rid of redundacy between the companies but who is that and how much redundacy is there?

 
SANM
23.76+0.21(+0.89%)Sep 16 4:00 PMEDT

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