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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (2949)4/27/2012 12:01:50 PM
From: richardred
   of 6452
 
Sold stake in KRA to lock up unrealized gain. Sold for a nice % profit. Earnings out soon and I don't want to risk a bad earnings surprise.

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To: richardred who wrote (3009)4/27/2012 12:03:27 PM
From: richardred
   of 6452
 
SHLM-sold half, of the half I have left, for LT capital gain.

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To: richardred who wrote (3062)4/27/2012 12:06:05 PM
From: richardred
   of 6452
 
Sold some TAYD yesterday- GTC order filled. Sill good inventory left.

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To: richardred who wrote (2522)4/27/2012 12:42:24 PM
From: richardred
   of 6452
 
UPDATE 1-Canada offers more transparency on takeover rules

Fri Apr 27, 2012 12:06pm EDT

(Reuters) - The Canadian government promised on Friday to make its reviews of foreign takeovers more transparent, allowing it to explain when it has concerns about a proposed investment and perhaps even saying why.

A government statement said Canada will change the way it reviews foreign investments, a nod to those who have complained about opaque rules that allow the government to block takeovers that it does not think will provide a net benefit to Canada.

"The amendments would allow the minister (of industry) to disclose publicly the fact that he has sent a preliminary notice to an investor that he is not satisfied that the investment is likely to be of net benefit to Canada," the statement said.

"They would also allow the minister to publicly explain his reasons for sending the notice as long as it would not cause harm to the Canadian business or the investor."

Canada, which traditionally bills itself as open to business, shocked the international business community in 2010 when it vetoed a takeover bid for fertilizer giant Potash Corp from Anglo-Australian miner BHP Billiton.

That also prompted concern about what the Conservative government would do if, for example, a foreign company bid for BlackBerry maker Research In Motion, a major Canadian technology company that has fallen on hard times as consumers shy away from its smartphones.

Under the Investment Canada Act, the government can review and block any foreign investments worth more than C$312 million ($318 million), a paltry sum in the global mergers game, if it thinks a deal is not in Canada's best interests.

It has exercised that right twice; once with the planned acquisition of a satellite company by a U.S. bidder and in the 2010 bid for Potash Corp.

reuters.com

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From: richardred4/27/2012 1:02:39 PM
   of 6452
 
New buy today-RPC Inc. (RES)-Was on my watch list- Liked the recent earnings-- Good addition to go with my BOLT- IMO a good value in terms of PE & profit margins compared to the competition. Good dividend for the ride. However speculative appeal might be limited due to insider ownership. <4>. However anything usually goes for the right price.

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To: richardred who wrote (3069)5/3/2012 12:24:09 PM
From: richardred
   of 6452
 
Sold entire positions in SHLM & LNCE today, locking in nice gains in both

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To: richardred who wrote (3045)5/3/2012 4:28:21 PM
From: Bocor
   of 6452
 
Avon ( AVP) jumps at the close, +5.5%, on a report Richmont is arranging financing for a bid. Richmont Holdings, the owner of Mary Kay and Dirt Devil, is putting together an offer for AVP to rival the $10B bid from Coty that Avon rejected last month. AVP is up 9.2% since the news broke at market close.

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To: Bocor who wrote (3074)5/4/2012 11:38:12 AM
From: richardred
   of 6452
 
Hi Bob: The news came out after I left for work yesterday, thanks. I've personally added to my holdings today. I usually stay away from situations like AVP , but IMO the risk is lower on AVP.. RE:This for a company who rejected a bid. My thoughts, if the latest rumor is true. You have two interested parties in Avon. That's a positive if someone does put in a formal bid. The bidder might put in a marginally higher bid than Coty's to stave off a competing offer. I also think we could have a bid because AJ just got re-elected to the board. I don't think big holders of the stock liked that. IMO still chance of a surprise bid by someone else. If I'm wrong. I'm willing to stay the coarse. Downside- With a New CEO in place. There is a now a higher risk. The traditional dividend could be cut. If no bid is received. The stock will IMO stay in the 18-20 range till next earnings.

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To: richardred who wrote (3075)5/4/2012 11:42:57 AM
From: Bocor
   of 6452
 
I am staying too, although they need to get off their butts and do something before their dividend goes south.

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To: Bocor who wrote (3076)5/4/2012 11:51:04 AM
From: richardred
   of 6452
 
I just made reference to that during my edit before I saw your post.

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