Hey Stock. I just don't see the high 20's. It has been in the high teens and low 20's for a while. The 21 offer should have set a floor under it and it still reached almost 17. Hopefully the LBO companies realize that this company has significantly underachieved under Kennelly and see significant promise to offer what you imagine. Now, if some public companies enter the ring then you will likely be right. Either way. I hope you are right and get to throw this in my face! GLTAL
A company selling for 10% less than an offer price. I am trying to figure out how Jerry can screw this up. The sale to NetApp was good because RVBD is an acquirer by nature. Looking to get leaner and meaner for a sale? Can I get a 23?
Hey Bull- where did you see that? The street loves insider buys! I hope that today is the beginning of a big long coal bull run!!!
I think it will be 23 as well. Unless two bidders begin a war- should take place next 3 months. The sale to NetApp was the first step in getting cash and streamlining the business for sale. The reduction in cost news from last month will help achieve this also.
Cant Elliot take the offer directly to the shareholders? The upcoming conference call will be very interesting, to say the least. They have to say something about a sale.
.21 on increased guidance- Article: Wall Street ignores good coal news" says it all. Are we scrod or what? No matter the market, we should have broken and held 13, no? Im so disgusted.
Hey Bull. As you are well aware- the steels have been ripping. The coals have to follow suit. I am getting crushed as are many. There have been other good PMI numbers and nothing... I hope that this will help steady the sector as this has been just awful- BTU was 19 beginning of summer I think- hope the winter season, Austrailian floods, and continued cutbacks spur the sector. Could also use a big hedgie's help to create a bottom. Thought that that 56m day was consolidation. Wrong. All of this to say that we have no idea what will happen tomorrow- just cross fingers and wish the pain away. GL