The price would need to be about $60 a share...based on the value given for MIL.
I made a ton on MIL options. I just bought 20 $50 June calls...small...but if PLL gets an offer...I could turn $700 into $20,000...small bet...big return
Oy vay iz mir! I feell $700 worof sorry for you. I have been sitting on my PLL for years writing callls aganst holdings when I felt PlLL was not goign to move very much and refraining from call writing when I felt PLL was going to move up. At present I do not have calls sort on PLL.
We shall see...
I also have out of the money calls on the chance that PLL gets taken out. I had 5 of the $45 calls and 10 of the $50 calls for December.
Don't cry for the $600 I had invested, I sold the $45 calls for enough more than they cost me that even if the $50 calls go out worthless I have a profit. Meanwhile, I still have 7 weeks to see if something major happens, with a profit locked in. A takeout at $60 would be worth $10,000 to me. The risk/reward seems pretty good.
I forgot to add that the local facility is the former Gelman Sciences. Based on the history of PLL taking over other companies, how did you get to the conclusion that PLL would be acquired and not either stand alone or be an acquirer?
You've certainly been patient.
Why has the general counsel sold all but 1 (yes, one) share of PLL stock and the financial officer sold the majority of her shares? Who is this Yves person who owns so much? Is he the founder?
I know there has been a division of the company locally and they were held to a massive cleanup due to the bad waste procedures. Even as it was supposedly cleaned up, people living in that area were complaining. I've lost track of that local fiasco, but will check it out.
I'm in the same position as the poster above who is looking for a PLL takeover. I have 5 November $45 options and 10 December $50 options. The total investment comes to about $600. Given today's action I won't likely have them go out worthless; however, if it does get taken out before the end of the year I could be looking at 30 to 1 returns or more, depending on the price and timing. My own guess, and it is only an educated guess, would put the takeout price at $60 to $65 or about $7.5 billion.
I wonder how many corporate boards someone has to sit on to be able to declare that PLL will NEVER be taken over.
That is far from the only investment I own or have owned. Timberland was, by far, my best investment. And I've traded a lot of stocks. I retired completely 13 years ago and have been a 'man of leisure' since then. Never have to worry about money again so I guess my strategy was perfect for us. We don't need ALL the money in the world. Enjoy your setbacks. With your attitude you're going to have them!