Bought in @ .50 (pre-split) after hearing an NPR piece about it.
I believe in the technology and the company.
Price fluctuations right now are irrelevant.
I only care what it will sell for in 10 yrs @ retirement time.
Do you really think management would agree to 196 if they thought they would get a bid of 275, or go even higher on their own?
Genius? Perhaps. But not on this call.
Will need shareholder approval.
This offer is 25% below the 52 week high, despite the big premium over last week's price.
If the nearly 90% of institutional shareholders don't agree there could be a second offer.
I think it will fly but you never know what shareholders will vote.
If this is accurate then the possibility of BK is less than I thought. Why be bought out if you can survive and continue to make $$? Would like to see some insider buying.
Might park some cash here with a buy if it drops to 190. That would be about a 3% gain in 6 mos (assuming deal closes @ 196 by year end) which would be an annualized yield of 6%.
Pretty good for cash.
7 times normal volume in first 2 hrs.
Obviously someone knows something.
Of course, it would not be the common shareholders.
I own PACD but I know BK is a real possibility. As written elsewhere, if Chevron doesn't renew then there are no other contracts past mid-2017 and revenue drops to nil in about 2 yrs.
This is a high risk, high reward stock and essentially is gambling rather than investing. I'm willing to lose it all to make a triple or more.