On October 26th, there was a story that said Xerox was not considering a sale of the company. I think they will put the company up for sale, and this news / rumor is just breaking. $15 maybe?
Headlines written by a short. $3.16 vs. $2.42 were the actual earnings. Should see a $1 - $1.50 gain tomorrow. Book value is $93.
This isn't a bad stock to own now. $1 profit over the next 12 months. 12.5% return based on $8 for a $9 buyout. I'd be shocked if another bidder didn't emerge. I'd bet the final number is $10.25 / share.
I could see someone definitely buying PYPL or a merger at some point due to industry consolidation, in 5 - 10 years.
I've always wondered why the emphasis on diversity in management within companies like PRU? Why is there a mandate for diversity hires? Why not hire the best candidate based on who can get the job done regardless of race, etc.? Does PRU get tax credits for diverse hiring? I've never purchased life insurance based on how diverse a management team or sales office is presently? Thoughts out there?
But a correct delusional freak
There's no reason for the stock to correct from 36 to 30. Shareholders received 12 shares of Talen for every 100 shares of PPL, at roughly $20 share now. $240 dividend of stock on 100 shares. The price of PPL corrected $6 or $600 on 100 shares. It now yields 5%. I really don't care what interest rates are, nor the price of natural gas. Bottom line, is there an alternative to using electricity for residents in the Northeast on a large scale? Not really. 10 years from now I expect people to continue paying their electric bills and using electricity, which makes PPL a very sound investment, while paying a dividend.
There are no reasons at this point to decrease in value. PBMD should be well over 10 at this point, but the powers keep it low so they can accumulate more at a low price, and then call it undervalued.