To: paul kneitz who wrote (178) | 6/2/1998 9:24:00 AM | From: virgil vancleave | | |
tyco is getting a bargain as they say fair value is 1 times sales. and siga is priced at .5 times sales, not including the fact that their sales were growing. but it is apparent that the pcb industry overall is in a slowdown. i presently do not own any siga but have in the past and like the company. wish i would have bought at 3 instead of chickening out. good luck. |
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To: frank doolittle who wrote (180) | 6/2/1998 3:44:00 PM | From: paul kneitz | | |
Unjust Enrichment.
It's certainly bittersweet how long we've been waiting for this, then to see management give it away. On the other hand, you don't have to sell - let's see what the terms are for those who hold out.
Do you suppose they were having such a bad qtr. that they decided to throw in the towel? I don't think so...it's a case of unjust enrichment by those who hold the options...... |
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To: Rick Shepherd who wrote () | 6/2/1998 8:19:00 PM | From: frank doolittle | | |
Good article in this weeks FORBES about TYCO. From the sound of the article, I wouldn't think that management could make any long term deals. Based on what I think about the management, they will be gone shortly. I bet they are trying to get as much as possible up front. |
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To: frank doolittle who wrote (182) | 6/3/1998 9:02:00 AM | From: Brett Nelson | | |
Any danger in holding out for the full $10.50 as opposed to trading out now (at $10 1/4)?
It seems the market does not expect any further bids for SIGA, suggested by SIGAs price ($10.25) relative to the cash tender ($10.50). If companies are "in-play" the stock usually trades at a premium to the first cash tender offer. |
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To: Brett Nelson who wrote (183) | 6/3/1998 10:38:00 AM | From: Gordon Quickstad | | |
I'm waiting for $10.50. It's 2.4% more and there'll be no transaction charges. There is a possibility that auditors will find something that squelches the deal, but that is more of a risk in high flying companies that were compelled to show large increases each quarter. |
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