Yeah he was very vague and I was not sure what he was talking about because it made no sense that Oln was a target at this juncture. Thanks for your input
Steve Grasso said on CNBC fast money that he thinks it is going much higher on merger activity . He said he owns it. In the post market this went up to $16.98. I thought it was dirt cheap when I started buying at $18. After averaging down I now have a small gain. I think this will be a $30 stock in 18 months if the synergies that management has talked up come to a fruition. In the meantime you collect a nice 5% dividend. I find it interesting that Grasso is talking about merger activity. I assume he is talking a possible take over of OLN . Obviously there must be some rumblings and rumors on the NYSE floor where he hangs his hat. I don't see that happening since OLN is still a work in process. Anybody have any thoughts on this?
To today's news. His case is bolstered ten times. I look for him to replace the entire mis management team and sue SUNE to sever all ties.
If they thought the SEC would uncover a huge fraud as he alleged. He has had conversations with the SEC and closed out his short before hitting his $50 target. Guy on CNBC yesterday said stress test earnings do not go below $10 a share in 2016. Therefore VRX is trading 7 P/E.
Just saw a spot on CNBC saying that this could be the bottom of the cycle for fertilizer stocks. This is in line what LSB said yesterday that they are starting to see some firmer pricing.