I find it bullish that the bashers on this board have gone quiet. Due to the takeover rumors and UNM's oversold condition, I would think the smart shorts have already taken their huge profits. The stock should be able to go up to $9, before it runs into some heavy resistance. However, I think BAX may be a better play at this time with less risk!
Are you out of your mind? Are you crazy? Unumprovident as it exists today will never be taken over! AIG and the other major players mentioned in a recent news article would never even consider a takeover of UNUM. The reporter who wrote the article is very uninformed. While I don't deny that the stock may see a continuation of the dead cat bounce, the long term risks associated with this stock will prevent any major players from taking large positions (probably even slight positions)in this company.