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Lee Enterprises, Incorporated Message Board

jrchook123 6 posts  |  Last Activity: May 27, 2014 7:58 PM Member since: Mar 4, 2013
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  • Reply to

    Champagne corks popping at AZN

    by dcxavier May 26, 2014 10:14 AM
    jrchook123 jrchook123 May 27, 2014 7:58 PM Flag

    You shouldn't be a shareholder of any company if your prime concern is that jobs are not lost. For example, if some of AZN's drugs in the pipeline turn out to be duds, you can bet jobs will be cut. But a board that snubs a 45%-premium offer is not living up to its fiduciary duty to shareholders. Plain and simple. Consider Yahoo! Six years later, its stock price in inflation-adjusted dollars is still not as high as what Microsoft offered. Yes, if Yahoo! had done the right thing and accepted the offer, some jobs, at least short-term,might have been lost, even before the Great Recession hit. At the same time, more job opportunities may have been available longterm, by being part of a larger organization.

  • I bought AZN in 2011. It was up 53% from my purchase price before the buyout offer. That equates to 17.67% gain each year. In 2013, it slightly under-performed the S&P 500. Even if the relatively strong appreciation continues, which I doubt, AZN was offered 2.5 times the annual appreciation of the past three years. I'll keep holding it and if it drops by a huge amount, which doesn't seem likely, I'll buy more. Still, I would have preferred if it had accepted the offer. Realistically, it could be a number of years before it hits $92, as I don't think it will continue to rise 18% a year.

  • Reply to

    Do not sell

    by wall_street_oracle May 25, 2014 9:45 PM
    jrchook123 jrchook123 May 26, 2014 5:22 PM Flag

    It's too bad criminal charges can't be brought against AZN's BOD. What they did is criminal.

  • Reply to

    Do not sell

    by wall_street_oracle May 25, 2014 9:45 PM
    jrchook123 jrchook123 May 26, 2014 1:31 PM Flag

    When a company offers a 45% premium to where it is trading today, it should take it. Just ask the shareholders of Yahoo! Inflation-adjusted, the price still hasn't reached what Microsoft offered for it.

  • jrchook123 by jrchook123 May 26, 2014 1:14 PM Flag

    Would like to see everyone on the board replaced with members who understand they have a fiduciary duty to shareholders. Calling Carl Icahn.

  • Reply to

    2nd Quarter Results

    by pipbustergreen May 8, 2014 10:30 PM
    jrchook123 jrchook123 May 9, 2014 1:14 PM Flag

    Why do you think the market is reacting so negatively? SSP showed a similar surprise and its stock is soaring.

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