No bidders yet. It takes time to put together an offer. There's value here, and the real players know it. Weak hands are being shaken out right now. We'd be way lower than $8.27 if there's "no value" as some are claiming. I've seen it a million times.
yes, i don't know how many more times i can read the word rim-tard or rimbecile
Is it just me or is anyone getting tired of all the 'rimtards' and 'crapples' thrown around? I guess it is a yahoo message board after all. I don't care if you're short or long, but how about some good respectful discussion? Here are the facts as I see them:
1. Nobody wants 4500 people to lose their jobs.
2. Today's timing was definitely strange, last hr of options expiration, one week before the "official" earnings. Typically, significant news is released after hours, either before market opens or after close.
3. The company is being shopped, and today's announcement would not have been a surprise to a buyer conducting due diligence. It's just the peons like us who got surprised. So I'm not sure the buyout price, if there is one, would have really changed other than WE are now the ones who know it may be lower than previously thought.
4. Could a buyer have prompted the co. to release the news?
As I'm short puts, I'm on the long side so obviously I'm hoping for good news. Welcome any thoughtful input.