Many were shocked , but most were happy when TSRX took the deal.
It's not what it's worth , but what you can get that counts.
Higher daily lows are a sign of accumulation of weak shares, and some short covering.
Looks like a run to 6 is in the offing.
Haven't seen many small bio's sitting with 100 million$ in the bank.
Sure looks like a takeover target to me at some point.
I'm holding long for that outcome.
The cash on hand is worth 4$ a share.
Definitely a steal on valuation.
If investors get confidence back on mgmt and results meet expectations, were off to the races.
The tie-up between pharmaceutical companies Pfizer (PFE.N) and Allergan (AGN.N) -- the second biggest merger ever -- has pushed deal levels to $4.2 trillion, surpassing the $4.1 trillion seen in 2007.
There has been a frenzy of dealmaking this year as confident management teams sitting on large cash piles and hunting for growth seek out opportunities, after several fallow years following the global financial crisis.
Pfizer, the producer of Viagra, said on Monday it would buy Botox maker Allergan in a deal worth $160 billion.
This Kinder guy is no different than John F whose business model is the same.
Look at Frontline and Sea Drill to see what happens to companies that are heavily in debt, pay or payed a nice dividend when the bubble burst.
In the case of SDRL the talk was also in keeping the divy just before it was abruptly stopped.
Never believe what these rich guys tell you.
That's the game these billionaires play, tapping capital markets and paying nice dividends when times are good, then when the downturns happen you lose it all, and these people always have a way to save themselves, usually bk and they walk away while banks and investors get squashed.
Big dividends are the worm that catches the fish( you), while the fisherman just finds a different spot to fish in when this one dries up.
So what. It isn't the boom bust cycle of oil that is to blame.
It's the ineptness and or deceit of those executives running debt laden companies that almost always leads to failure.
Highly paid corporate leaders gambling with anyone willing to give them the money to do so.
We take all the financial risk but when those in the know finally see enough evidence of success the company usually gets scooped up before our investment has a chance to produce the years of financial growth in the stock price.
I don't know how he gets away with this. As I have previously stated, he uses the same game plan to steal assets from one company to another in his group of fraudulent enterprises.
Just look at FRO five years after. Still 3$ a share.
It amazes me how he can continue to tap the capital markets with his lies and scams.
Where the hell is the SEC and how is it that no one ever sues him.
I understand that banks can't lose but why would any private investors ever invest in common shares, when it's quite obvious that they are the ones he will be stealing from.
It's not buying off debt. It's taking over assets on the cheap from a distressed company leaving a shell of a company with little owned assets, then increasing the debt on the company that buy's these assets, and starting the ball rolling all over again.
FRO is a shell of it's former self. Last I heard ( several years ago) they barely had any assets and mostly rented ships. That's why the stock has remained in the gutter for years.
This might keep SDRL alive, but with few assets owned when a recovery someday occurs.
I really hope it does not play out this way again.