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Hologic Inc. Message Board

DrTCB 9 posts  |  Last Activity: Jan 14, 2015 3:08 PM Member since: Jan 31, 1999
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  • Reply to

    Voted AGAINST FDO BoD's latest proxy proposals

    by drtcb Jan 9, 2015 11:52 AM
    drtcb drtcb Jan 14, 2015 3:08 PM Flag

    critter1102:

    I suspect DG is weighing its strategy and options for replying to FDO's feeble attempt to sway the upcoming vote in Levine's favor.

    Will DG:

    (1) Increase their $80 cash offer?

    (2) Add a "Hell or High Water" provision?

    (3) Increase their $500M breakup guarantee?

    or some combination of two or more of the above?

    I also think DG is trying to negotiate a firm upper bound on the number of stores that will have to be closed in the merged DG-FDO to gain FTC approval before providing their reply to FDO's propaganda. This bound will determine DG's announced offer update. I don't see DG walking away from their proposed buyout of FDO. If FDO were to merge with DLTR, the combined entity would pose an existential threat to DG, even under the apparent and incompetent leadership of Levine.

    Hang in there... better news is coming.

    TCB

    TCB

  • Reply to

    Voted AGAINST FDO BoD's latest proxy proposals

    by drtcb Jan 9, 2015 11:52 AM
    drtcb drtcb Jan 13, 2015 1:04 PM Flag

    critter1102,

    I couldn't agree more with your facts and observations.

    Thanks and let's hope the majority of FDO stockholders continue to withhold authorization of the DLTR deal until DG reports on its negotiations with the FTC and its latest offer (e.g., perhaps a "Hell or High Water" offer or higher price or both)

    TCB

    PS So far FDO stockholders haven't been fooled by Levine's and DLTR's desperate blustering and propaganda.

  • Reply to

    Voted AGAINST FDO BoD's latest proxy proposals

    by drtcb Jan 9, 2015 11:52 AM
    drtcb drtcb Jan 12, 2015 3:43 PM Flag

    bobbyconch (Is that you Levine :-),

    That's just what Dollar Tree and Levine are hoping you'll do - lose patience, panic and grab the low ball offer. FDO's fortunes have declined rapidly under Levine. What makes you think he'll do any better with a merged DLTR-FDO?

    If DG wasn't still committed to the deal, why would they be pursuing, at considerable expense, FTC approval? And why did they proffer a $500M breakup fee?

    Expect DG to issue a response/announcement in the next day or so to reassure all those who voted against the DLTR inferior offer and for the DG offer.

    TCB

    PS Do you really think DLTR will pull its offer if stockholders don't vote to accept it? Or do you believe they'll sweeten their offer? Negotiation 101.

  • Reply to

    Voted AGAINST FDO BoD's latest proxy proposals

    by drtcb Jan 9, 2015 11:52 AM
    drtcb drtcb Jan 12, 2015 9:38 AM Flag

    bobbyconch:

    What makes you think DG's $80 all cash offer won't stand?

    Consider the dueling bidding war by Hertz & Avis for Thrifty Car Rental a few years ago as an example of a competing, superior bid never going "off the table." This is an existential issue for both DLTR and DG. I suspect the latter will prevail.

    TCB

  • I just voted my 3000 shares against FDO BoD's latest attempt to gather sufficient votes to sell out to Dollar Tree and preserve Levine's job. Dollar General's $80 ALL CASH offer (which I voted to accept) is far superior to the $74.50 (in stock and cash) offer by Dollar Tree.

    TCB

  • Excellent analysis on Seeking Alpha at:

    article 2671445-opecs-world-oil-outlook-and-pivot-to-asia

    TCB

  • http://seekingalpha.com/article/2671445-opecs-world-oil-outlook-and-pivot-to-asia?ifp=0

  • Reply to

    UBS again has BUY Rating

    by sarah32604 Nov 5, 2014 9:52 AM
    drtcb drtcb Nov 9, 2014 3:59 PM Flag

    rrb1981:

    You noted: "...Making it worse is highest in sector leverage."

    Just how leveraged is LINE/LNCO and how exposed are they to an extended period of $75-$80/bbl oil?

    I jumped into LNCO at an avg price of $26.28 (after studying the company for months and just before SA dropped the price war hammer while demand was widely viewed as waning as a consequence of slower worldwide economic growth). Now I'm faced with a choice: Do I avg down at some point or simply hold my position and wait for a recovery? Obviously, the risk in either strategy depends on LINE/LNCO leverage exposure over an extended period of depressed oil prices.

    Thanks in advance for your valued thoughts.

    TCB

  • The market appreciates the implications as well.

    TCB

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