You know earnings are now projected at 3.28 thats a big jump. I dont have any clue where this number comes from but in 30 days we went from 2.65 to 2.88 to 3.28. '010 earnings forecast had been stuck on a very flat 2.65 for months and months. Where am I going with this? In theory the co. just jumped in value by almost 25% and there doesnt seem to be an explanation or reaction from anybody.
Guess it isnt dilutive then! Thats why I like debt buy outs (in this case part debt) assuming the interest rate is low If I was a bank Id be lending to these corps with good cash flow I wouldnt be writing mortgages. I got into this is in the first place because they used debt not stock for the previous takeover and the stock price was absolutely hammered for doing so.