Baker Brothers own 30% of Company or 22M shares.....FMR and RA also each own more than 10%.....You are talking about 50% owned by 3 large institutions....Clearly they could have unloaded on the way up, however they all ADDED on the way up.....Fact is, that this stock will be Acquired north of 22 per share in less than 3 months imo
You're right. Current earnings mean nothing. Future earnings (and anticipation thereof) are what will drive the price. And BTW bargan (sic), FMR is not a "hedgie" but ACAD might leave you with a financial wedgie.
Hmmm you should work for the SEC with that logic. New earnings reporting exception; if your company is owned 50% or more by 3 hedgies your earnings are irrelevant. Most companies would no longer need to file these pesky things. We can just trade stocks based inflated buyout speculation.
Long ACAD but take exception to your comment "Fact is....".
Do you know for a fact that ACAD will be acquired for $22+ in 3 months? Where did you get this factual info?
Didn't think so....oh, so just your opinion or maybe a dream.
You are a disservice to the longs.