it is funny when people bail on companies that are close to a bottom. Dow had the downgrade in earnings today and barely fell, seems like a good sign. i have been waiting for it to fall more, but i am looking to become a buyer at this price. management in this current economic environment has little to do but to steer a company clear of bankruptcy. what company has done great in the last year, very few! Its called to economic cycle and it happens! I hope more throw in the towel on dow and other stocks then i'll know to be a buyer!!
Not applicable to DOW. It is heavily in debt and getting into more debt. What good would it do stay with the company and see it defaults and file for BK. The probability is pretty high at this point if it buys ROH for 78$/share.
Idiot, not true. try reading the financials. dow is a strong company with a good balance sheet. they will pay off roh quickly if they cut the dividend and stock buybacks. read the merger doc and bank agreements. dow can not back out. sell dow and buy roh stock now. seriously, where else will you make 30 percent in a week