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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: The Ox who wrote (4609)11/1/2017 12:34:49 PM
From: richardred
1 Recommendation   of 6521
 
I'm not expecting anything , but negative on the earnings release tomorrow. Today's action kind of implies that. I still see value here. This company will be in transition. There's a new CEO. A pharma guy. The current CFO will also be leaving here to. I've been doing a little bit of homework here. The sum of what the company paid just to enter the generic business is worth more than the total market cap. of just of 300 million. Bearing in mind I'm speculating. I think this make a good case for separating performance chemicals from generics. This leading to a stronger stock price in due time. Although painful short term. I can hold this one and dollar cost average because it does pay a dividend . IMO it's not overpriced to forward earnings. The Near term appeal might be separating into two companies. IMO the company stumbled on their last acquisition. However I believe the company also acquired a good pipeline of generics waiting for future approval.

P.S. Tomorrow could be a chance for a big drop with lag to follow. PRGO is selling now at less than half what MYLN offered. I couldn't believe at the time they rejected the offer.

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To: richardred who wrote (4605)11/1/2017 1:45:19 PM
From: richardred
   of 6521
 
RE-SNAK Maybe A lesson learned from my last attempt. I'll pass on this one. I've looked at PBI recently before today's drop. Pitney leveraged up with last acquisition. IMO I see the dividend going away to.

Pitney Bowes to Explore Strategic Alternatives

Shipping-services firm hurt by lower mail volume.

wsj.com

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From: Glenn Petersen11/2/2017 10:01:41 AM
   of 6521
 
Potential acquisition candidates for Amazon in the prescription drug space:

Message 31331554

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To: richardred who wrote (4604)11/2/2017 10:14:16 AM
From: richardred
   of 6521
 
Sold out last Batch of SHLM call options for giant % gain.

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To: Glenn Petersen who wrote (4612)11/2/2017 11:29:40 AM
From: richardred
   of 6521
 
IMO- OMI -Owens & Minor a good value fit. A good buy for scaling up medical supplies business.

owens-minor.com

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To: The Ox who wrote (4609)11/2/2017 11:51:08 AM
From: richardred
   of 6521
 
The stock is moving down more today in anticipation of bad earnings . The biggest blocks are mostly down-ticks. I will be watching tomorrow to see if their will be some dumping by institutions. This might create an opportunity IMO. TEVA is down double digits today and I suspect ACET could be to, on a negative release.

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To: richardred who wrote (4615)11/2/2017 11:55:24 AM
From: The Ox
   of 6521
 
It could be that some are expecting a "kitchen sink" type of quarter with the recent change in upper management? Might be too early for that but it does appear that a significant "run for the hills" action has occurred over the past couple of weeks!

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To: The Ox who wrote (4616)11/2/2017 12:16:40 PM
From: richardred
1 Recommendation   of 6521
 
I could be wrong. However I'm figuring even if the company can earn a buck next year. FWIW-If my worst case guesstimate is right? A PE 8 or 9 times forward earnings with a 2%+ covered dividend isn't to bad for myself moving forward. Especially in current market conditions. Some story stocks like IMPINJ and Tesla are taking some hits today. IMO if and when the market does correct. Low PE stocks will take a hit, but not as hard as story stocks and ones that have unrealized gains. RE-High PE's & momentum run ups.

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To: The Ox who wrote (4616)11/3/2017 9:55:04 AM
From: richardred
   of 6521
 
FWIW- I was ready early this morning and picked some up at 8.28. Earnings weren't as bad as I expected. I knew some would dump early. Maybe the bots. <g>

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To: richardred who wrote (4618)11/3/2017 9:57:56 AM
From: The Ox
   of 6521
 
Great trade and even better timing, IMO! Very well done.

Too much on my plate the last few days, wasn't ready to nibble, let alone take a big bite.

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