"According to Evans-Pritchard's report, Tsipras rejected a "triple plan" devised ahead of the referendum that aimed to avoid a Grexit by firing the Bank of Greece governor, seizing all cash stowed away in various central bank branches, and issuing a parallel currency with IOUs denominated in euros"
If this happens, what happens to BNG and its shares?
On one hand this is a great opportunity to buy and/or cost average at these prices, on the other hand The retailer in China are leaving the market in droves and cashing out and pushing the prices down, making it very uncertain situation, Any informed idea would be appreciated.
I hope you are right and the Greeks are going to vote yes to the plan. But, these are the same voters who brought him in, and they were in the majority.
I know it doesn't follow DOW, I am using DOW as a market as a whole. But this whole week of Greece situation is disturbing.
ALU is cheaper now, but afraid of adding to position because this might be the excuse for the market to drop 20%, that they all talk about. Any informed opinion is welcomed.
"Separately, activist Elliott Management has disclosed a 1.3% Alcatel-Lucent stake obtained via equity swaps, a move that could be a precursor to a call for Nokia to up its buyout offer price. #2 Alcatel shareholder Odey Asset Management has already called deal terms "unacceptable."
An FT source states Alcatel hasn't yet heard from Elliott. The paper notes a deal could be tough to derail, given only 50% of Alcatel shares need to be tendered and only Nokia shareholders get to vote on the transaction."FROM SEEKING ALPHA
......Our Market Cap is now trailing behind the Enterprise Value of the company...that is a very encouraging sign indicating shares being slightly undervalued at THIS POINT OF TIME. Let's hope the gap gets bigger, so when the coiled pps will suddenly snaps and push the pps shooting up.