darkknight - I'm talking about facts we all know to be facts. you are speculating. Plus it doesn't matter if there is material insider information holding CI back from purchasing more shares or not. It would be nice if yo are correct but... in any case he can't purchase shares over 20% (a threshold he is either very close to reaching or may have already topped out at) Also it's CI, not CL.
bust - I would just copy and paste part of Burn's post and ask her what she thinks? I'd be curious to hear feedback if you do!
Would be curious to hear her professional opinion on these statements:
"there's a clear unmet need for a product that could simultaneously correct both vitamin D insufficiency and SHPT, and with a high degree of interest in trying Rayaldee once it's approved.
Bottom line is OTC D works for some patients, but less than half, the generics highly touted by LW actually increase Vitamin D insufficiency but do lower shpt some times too much."
seems like Deere would be a great suitor to purchase irbt. they could apply their tech to countless applications within their business. The telepresence and medical arm could easily be spun off by DE to someone else. Vacuums too though if I was Deere I'd hang on to everything except telepresence. All speculation on my part... but makes a lot of sense doesn't it?
"standstill or pp cannot restrict other activist investors outside the CI camp"
except of course, the poison pill still restricts any investor group from owning more than 20% (independent of CI's 20%) without triggering shareholder rights plan.
I agree with you wholeheartedly regarding the mb vastly underestimating CI. however i do believe the standstill agreement dictates that anyone under the Icahn umbrella cannot purchase more than 20% combined. I'm assuming the poison pill would work the same way. Someone please correct me if I'm wrong here... I'm not a corporate attorney and may be wrong. I have researched the subject extensively though. in any case, the standstill or pp cannot restrict other activist investors outside the CI camp, who may have similar goals to CI. And carl can go out to dinner and chat with whoever he wants.
lyong - exactly!!! I have been saying this for the past year. The Icahn camp has their hands tied due to pp and standstill. However other like minded activist investors could buy up to 20% as well and create a real coalition to oust ricci.
My sense is that Icahn is giving ricci a chance to prove the new business model while these other investors quietly accumulate shares. Either ricci succeeds and everyone makes money, or CI and friends will eventually nail the jackazzz ricci to a cross and realize the value which is currently trapped in this investment.
darkknight, not correct. google the terms "standstill agreement nuance icahn." That, along with the poison pill, is why CI cannot buy more than 20%.
the outfit that wrote that little fluff piece also carries a nice line of snake oil. you should try it!
Jayman, I think you are correct. A takeout at "a pittance" would still require a nice premium from here - but will very likely fall way short of nuan's long term value if taken private by a group including RR (hence my use of the word pittance). That donkeys butt has been fleecing shareholders for years, so no reason to expect any different if rr is involved with the buyers. However I have always felt that nuan is a perfect example of the corporate stewardship problem Icahn is constantly bringing up. CI cares about his reputation I would think... So why come off like a total hypocrite? Ahhhhh the suspense. Like watching linen white dry on the wall ;)
Opal, sorry I wasn't very clear on that. I don't know which of you guys brought it up first but I remember you guys discussing this at length last year..... Below.
"maybe CI and RR are colluding to take nuan private at a pittance. Maybe that's why CI has remained so quiet on nuan. It would be a shame to see it happen, both for our long term investment and for the hypocrisy it would display in Icahn. However everything in the past few quarters seems to line up to support this theory. Kudos to you guys for recognizing it early."
Onyx, I think the reason the stock is holding up, as well as it is, can be traced back to a theory I first read on this board, floated by you...(and discussed further by Billy, Opal, etc)
maybe CI and RR are colluding to take nuan private at a pittance. Maybe that's why CI has remained so quiet on nuan. It would be a shame to see it happen, both for our long term investment and for the hypocrisy it would display in Icahn. However everything in the past few quarters seems to line up to support this theory. Kudos to you guys for recognizing it early.
The only other two directions i see this taking... a third party buyout (ie, samsung), or CI changing tact and playing hardball with RR. Only way to accomplish this would be to resign CI's board members and start a proxy battle. I'm only sure this would be successful if CI enlists support from independent activist camps (ie, Cooperman, Soros, etc etc) But CI is highly skilled at this game and, given RR's low popularity among investors, I think CI would be successful if he builds a coalition behind the scenes.
My point is... I think investors are hanging on because any of these endgames would likely outperform the market over the next year.
The one big risk is CI divesting at a loss and moving on. I see that as highly unlikely without putting up a fight first. Icahn against RR in a proxy battle is like Chuck Liddel fighting a 4th grader. I would really love to see the former.... ;)
That said, I'm feeling nearly as impatient as you guys! But in my experience, impatience at a time like this is a time to hold.
I've held a position in NXPI since Sept 2011 so I've followed it closely since that summer before I bought my first position. Since then everytime the chart turns bearish like this on a decent pullback, it's actually been a great entry point. Hedgies, ya can't fool me :)
"I don't see the $$"
we pay out $40 billion per year in foreign aid to other countries and regions, mostly to protect US strategic interests. how is curing ebola in africa before it reaches streets in the US not worthy of a few hundred million $ from uncle sam?