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Investors Title Co. Message Board

  • astral_tsar astral_tsar Jan 27, 2009 11:29 AM Flag

    PFE/WYE

    I'm uneasy about this; maybe someone can check my bullcrap here.

    The upside is say 13.3% from here. If the downside is 40% and the chance of the deal closing is 75% then it's barely break-even before the time value of money. With the time value of money at 5%, breakeven is about 85% chance of the deal closing.

    I have no idea how to estimate the probability of closing, and proving to myself that it's way over 85% seems impossible.

    If Wyeth is really worth what it costs or something, so that the downside is zeroish, then maybe the deal is worthwhile. I guess I should take a look at that.

 
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