I really dont know how high it would need to be to have MRVL entertain it. No one is going to bid without a high chance of getting the deal to work. 1/3 of MRVL's current price is cash. So if you add back in $4.50 in cash on top of the current 15 pe or so....that brings you up to $20.
I posted this on 5/20/15
"I cant believe I like BRCM again. That has not been the case since 1999. Its actually pretty attractive in this environment. I would not be shocked by a merger with a bigger player. The company seems to be in a semi- sweet spot for the time."
I actually called this merger (not with AVGO specifically) about 2 weeks ago. I thought it would be a slower growing suitor actually but the writing was on the wall imo.
What are your thoughts on MRVL.. ?
BRCM and MRVL were the two I had been focusing on for being future merger / acquisition targets....
I am surprised how quickly the BRCM offer came....but the deal makes sense.
MRVL sure looks like juicy steak right now imo.....
I think the all time lows are in place. Likely to trade sideways between $45 and $65 for the next 6 months imo. Metrics need to keep up. Squeezes are not the way long term holders want this to go up.
Its a 10-15 year play. Which is why an 800+ PE is currently where it trades.
Its not too crazy considering the market cap is within reason to achieve on a per store metric in a couple years if they ramp up new store openings.
Looking for a retest of $45 area before it makes considerable new highs tho.
No holding long or short. Sidelines.