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Tower Group International, L.Ş. Message Board

  • toobig2failagain toobig2failagain Jan 7, 2014 3:13 PM Flag

    Ent Value $1.46B -- Market Cap $167M -- Book $10.09 / Share -- Cash $2.12

    And merger at $3.00 / share? Yea, right. Something is wrong in Denmark.

    Who would sell at the very lowest end of the Target Price for this stock? Who would vote "Yes" when this company did an accounting write off of $500 million+ for reserves? How stupid would a CEO be to sell a company worth 3-4 times the current value?

    Look at the fines levied today against Morgan Stanley, the investment banker, who is handling the transaction. MS has been found guilty of multiple crimes and fined by the Justice Dept and the US Treasury. The criminals are usually the investment banks, not the management. Another small American company taken out by the "big boys" who rob the retail investor.

    Will have to wait for the better offer.

    Sentiment: Hold

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2.23+0.16(+7.73%)Sep 12 4:00 PMEDT