I don't think the offer shrinks if price drops, but maybe it does because of the base value calculation. I am actually concerned that the offer is RMB versus USD, and the forex ramifications of a weaker RMB would shrink the offer in terms of USD.
Yeah, it's like they want to triple the size of the business but not really buy outstanding shares. I'm not sure what the major holders get out of it, other than being a bigger company. But I don't like that it's a fixed price offer in Chinese funny money. Its value could drop 5 percent tomorrow and the offer would shrink by that much when you look at it in dollars. There are a lot of moving parts here.
So, my wife works at a major Tenet hospital. They've been integrating systems hospitalwide for over six months. There's two systems involved. They're integrating systems. She keeps grumbling that billing codes don't cross over. I tell her they're bleeding money. She tells me they have coding people to fix that. I think that's extra work, but I stop caring.
So, today, an audit found all those nonconforming items were just gone from the billing. Over 16000 items that weren't billed at their hospital alone.
I think that explains the recent earnings performance, because I don't know how long this has gone on . But next quarter should be interesting!
Coffee... what a novel idea. I'm 6k in at .22/share. I am not happy. But you show me .12 and I will double down!
Coffee seems to attract all kinds of nerds.
Monday will be interesting. The USD has been pounded lately. Nothing is linear. I hate to hold an ultra over the weekend but DUST made sense. Fun, fun!
I now a woman who has 20 years in Tenet, and to celebrate they let her pick a gift. The best she found was a Bushnell binocular/camera, like in the flight magazines. I was flabbergasted.
Then I thought, This is a tight ship!
BA will make bank with this assurance!
I guess Xi figured Russia a'int what they thought.
There is no fear on the short-term horizon. Play your gold short like me: Wait for Gold to diverge up from the yen and short it to divergence.
Ha ha! Right, a quarter percent, weaker dollar. This is Warren Buffet time: 5 percent down in two days equals dirt cheap ten years from now, no matter what! Anybody wanting to buy to hold should do it now, in my opinion. Rates won't ever go down, so there is more upside than downside. Make money on the emotional reaction, I would say.
I find it amusing that people treat DUST as a gold proxy. It is affected by gold price but it is really supposed to be an emerging markets proxy, in my opinion.