Go ahead. Let me know how you make out. The SEC was asleep at the switch with Madoff.
On October 26th, there was a story that said Xerox was not considering a sale of the company. I think they will put the company up for sale, and this news / rumor is just breaking. $15 maybe?
Headlines written by a short. $3.16 vs. $2.42 were the actual earnings. Should see a $1 - $1.50 gain tomorrow. Book value is $93.
I'm skeptical at $9, $10.25 is my gut feeling.
This isn't a bad stock to own now. $1 profit over the next 12 months. 12.5% return based on $8 for a $9 buyout. I'd be shocked if another bidder didn't emerge. I'd bet the final number is $10.25 / share.
I could see someone definitely buying PYPL or a merger at some point due to industry consolidation, in 5 - 10 years.
Don't be so quick to discount cash. So what if its dirty?
I was under the impression it was 3.1 shares for every 100 common you own. Expected price. Not sure.