They are stealing this stock at this price. As their spokesperson said Chinese markets will better understand the fundamentals of the way stocks move in their native country. Excuse me for disagreeing with the lame excuses. We know very well when we are being robbed by management. This stock has traded as high as $19 plus change since its IPO in 2014. Those and others are going to take a loss with this generous buyout.
That is a possibility but the entire Chinese market is in panic mode. News sources say the retail investor is selling no matter how reassuring the Chinese government is being. If this is their (Chinese) first bear market no telling how low the market will go. If rational thought comes back to the market this would be a great buying opportunity. I will sit and watch and learn more about the Chinese stock markets during these turbulent times.
Yes indeed and I believe the pps has fallen every day since the upgrade. This has been an excellent stock and expect it to be in the future.
He's been shafting his own shareholders for years. All should have known TEVA was taking too long to post a new bid. What other company will be willing to do an acquisition with Mylan after all this bs?
I purchase this stock for $37.34 in April 2012. Almost the same price as today. Why am I happy with SXL. I have double the amount of shares.
If I'm remembering correctly SXL seems to drop after most quarterly calls whether good or not so good but an absolute since I've owned the stock, a little over three years, it will rebound and the pps will start moving upward. This is an excellent stock to own especially if the price of oil has bottomed. GL!