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Lihua International, Inc. (LIWA) Message Board

  • luckijack1 luckijack1 Jul 12, 2013 3:24 PM Flag

    trading here

    seems inspired to convince longs that a buyout at $6.50 would make sense.

    Hard to add below 5.10 with the bid so very high........

    cheers and have an excellent weekend,

    jack

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    • elpasojet@sbcglobal.net elpasojet Jul 12, 2013 6:56 PM Flag

      Offer of $6.50 will only invites law suit, LIWA book value is already at $10 and net cash will be north of $6 at the end of second quarter this year. The minimum bid is $8.50 like FSIN and probably arbitrates to $11.50 like HOGS after all is said and done, that is why CEO doesn't want to do that. The process usually takes one year and, what if CCA wire receives a huge State gridline purchase order, that $11.50 will seem quite inadequate because it could easily climbs above $20 per share.

      • 1 Reply to elpasojet
      • I have to agree with elpaso. $6.50 would be an insult. Perhaps jack is talking about the impatience that most longs are probably feeling with LIWA. Afterall, the broader market is soaring and LIWA is languishing. I'd certainly like to see a sustained upward trend, but I'm just thankful that the shares are still above $5. I guess extraordinary patience is the answer with LIWA.

        Sentiment: Buy

 
LIWA
0.0683+0.0003(+0.44%)Sep 19 1:48 PMEDT

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