Ed sent us a memo today explaining our recent uptick in the stock price. In a nutshell he said the price is a correction to put the price where it should be. He expects it to level around the mid 30's. He feels that the mid 20's price that we all sweated through the past year was a overreaction to BD not making our self proclaimed goals. NO MENTION OF A TAKEOVER.Guess Stockmarket expert was wrong again! Time will tell. Happy investing to all.
there's a takeover brewing? The SEC would have trouble with that, plus whomever was planning the takeover would'nt want it public until the deal was sealed. If he had said that there are no merger or takeover plans at this time, then it would be a diferent story.
If he says that nothing is brewing, when, in fact, there IS something brewing, he opens himself up for major lawsuits from the people he intentionally misled! If, in fact, he did send that memo around, then I am willing to bet nothing is going on. I'm not saying the stock cannot go up, I am long! I just don't see it happenning now. Good luck. JM