You were completely wrong. If you listen to what I said you already made money now. GTIV is now trading at $15.24 per share, 1.34 point higher than its original price ($13.90) at the time I posted my message here.
Kindred Healthcare (KND) Considering Raised Bid for Gentiva Health (GTIV); Activists Circle
1:17 PM ET, 06/04/2014 - Street Insider
In the healthcare sector, there is speculation that Kindred Healthcare (NYSE: KND) is prepared to raise its bid for Gentiva Health Services (NASDAQ: GTIV) to $15-$16 per share in what might be its 'best and final offer' to acquire the nation's largest providers of home health, hospice and community care services.
In mid-May, Kindred announced a proposal to acquire all of the outstanding shares of common stock of Gentiva for a combination of $7.00 per share in cash and $7.00 of Kindred common stock. Kindred also offered to increase its offer to 100% cash if the Gentiva Board so elects. The offer came at a significant 64% premium over the closing price of Gentiva common stock on May 14, 2014, and a 59% premium over Gentiva s 60-day volume-weighted average closing price.
So far, Gentiva Health has been unwilling to enter talks with Kindred and has adopted a poison pill. The Board concluded that the Kindred proposal "significantly undervalues Gentiva and its attractive prospects for growth and value creation."
In addition to market talk of a raised and 'final offer', there is chatter activist investors could push the company to enter substantive talks with Kindred. In fact, there is already an activist investor in Gentiva stock. North Tide Capital held a 1.4% stake in Gentiva at the end of the latest quarter. Recently the activist firm made headway at Healthways (NASDAQ: HWAY) which nominated three directors selected by North Tide for election to its Board of Directors. White it is unclear if North Tide Capital will step up with an activist effort on Gentiva, it is clear that many investors would like to see the two sides come to an agreement. When announcing the deal, Kindred said 20% of Gentiva s shareholders, who are also shareholders of Kindred, would support the transaction and favor the stock of the combined company if given the op
1) Possible another bid pending
2) The bid is low
3) The deal is still on going to resolve the pending issues (e.g. debt, lay off, management change etc..)
I would say just be patient if you already have the shares.
Sell your holding in half if you already make money but hold on if you want to get back to at least your initial entry point or possibly higher.
I am watching closely the share price as the government investigation is going on. There is no smoke if there was no fire.
I like the company investment strategies but today's news was bother me so I am stay in the sideline.
You are too optimist. Remember the battery issue has not been completely fixed yet. Another word, Tesla company will survive buy its stock rally is still early at this time.
The issue (fire) will be fixed and the car (Tesla) will running as usual on the road. There was no fatality, the driver is alive because according to him, there was no flame as it should be happened if the car is conventional with gasoline.
I will accumulate more shares at this price range (137 - 142). Like Boeing, despite the publicity about the fire incident, there was no fatality as the share price heads North. Tesla will hit $200 within a year or maybe sooner.
Winner buys when people is panic and selling. Buffet was rigth. Buy when people is fearful and sell when they are greedy. TSLA can be a perfect example. Let wait and see by the year ended. What will be TSLA share price by 12/31/2013?
Well, it drops so what? The company is still in business, the sale will continue and improve, the issue (fire) will be fixed and it will be moving on. Look at Boeing case, it is the same.
Those who knows how to take the opportunity will make money, those who don't will let the chance go aways.
You made an unresposible statement. Look the benefits of special dividend:
1) Lower tax rate
2) Maintain the same number of shares without selling
3) Having cash without selling the shares
Just few examples
Get more shares when TSLA went down. The fire issue will be fixed, like Boeing 787. Boeing share was popping up to $130 range with new order keep coming. TSLA's target price would be at $200, sooner or later for long term investor. Of course the company must be survived and is not going to bancrupt.