My analysis is simple, and it uses data known now. If the exchange were to occur today, at NOK's current price of $7.70 a share, the .55 of a NOK share that I would get for each of my ALU shares would be worth $4.235. Since the value of the ALU share I give up to get that .55 NOK share was worth $4.93 at yesterday's closing, one should expect a significant decline today in ALU's shares. That logic seems pretty simple and straightforward to me.
A Nokia share is quoted now at $7.70. If the deal goes thru, you will get .55 shares for each of your ALU shares. Fifty-five % of $7.70 = $4.235. ALU closed yesterday at $4.93. That's a big part of today's decline.
And Einstein was a patent examiner in Bern, Switzerland's patent office in 1905 when he published 5 papers that revolutionized physics. Until 1909, he did physics in his "spare time."
Just because they are "2 brothers" doesn't mean much to me. If you will recall, the Wright brothers did OK for themselves, and they were "just" 2 bicycle mechanics, and 1 of them (Orville) did not finish high school.
Sorry. He is on my ignore list; so I did not read his post. I thought your post was for me. I should have looked more closely. I'm busy with some other work, and I just was careless. Hopefully, I'll do better next time!
You don't seem to be able to read and understand. I did not say I bought any shares of LU. I said "been aware of" LU. I have "been aware of" many companies over the years, including GE, Berkshire Hathaway, Walt Disney, Nestle, and others. Does that awareness imply "bought some of their shares?" No!
Moreover, it's easy to see things clearly in hindsight. In hindsight, I would have done several things differently from that which I did, and I'm not thinking of the stock market. Just look at all the marriages that fail. I believe Elizabeth Taylor was married 8 times.
Over the course of the last year, the Dow Jones Industrial average has risen 18%, and ALU has declined 21%. Investors in ALU have not fared very well overall. I can think of better places to put my money than in ALU.
In what year did Pappas rescue Luby's? I used to keep up with Luby's, but I haven't for several years.
The Wall Street Journal (12-2-2014, B1) has an interesting article on e-commerce and B&M stores. It says, inter alia, that “many retailers … lose money online after factoring in the cost of shipping, handling and higher rates of return.” It also says, “Primark, the European discount retailer that plans to open 8 U.S. stores, has shunned online retailing altogether because it deems it unprofitable.”
The full article is online. Its author is Suzanne Kapner.