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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (4657)12/5/2017 10:48:26 PM
From: robert b furman  Read Replies (2) | Respond to of 6850
Bemis is a big employer in my home town of Sheboygan Wisconsin.


To: richardred who wrote (4657)12/6/2017 12:33:09 AM
From: richardred  Read Replies (1) | Respond to of 6850
RE-BMS Looked it over and it's a pass for me for now. I'll look to see if it settles down. Christmas is coming up. So a hypothetical deal might not be till next year IMO. If I owned it pre-anouncement I'd hold it through.

A few thoughts
The restructuring plan is still on going. Things don't look so bright in Brazil where it has a big operations. I saw an estimate from a firm estimating a takeout price of around 65 dollars. That sounds about right, maybe lower because their still a lot of work to be done getting this company back on track. I generally don't like to step in after a SA announcement is in the works. Things did work out well with SHLM twice. This was before both SA announcements and an opportunity buy on bad earnings twice. SHLM announced SA twice. I sold out the common & calls both times on a good run up. I've seen no news that the company abandon SA. The company is still up for sale for the right price. Good luck Robert if you decide to accept the BMS challenge. The one thing that bothers me about BMS. Why didn't some Multinational go after it a long time ago. It also might be the reason why SHLM hasn't sold twice. I guess I'll have to see what premium out of the money leap calls are going for. 55 & 60 strike at the right price might get interesting.

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P.S. An interesting thought. A Chinese company might be interested here. Food safety

>Lian added that a few other sectors will also receive government support, even if they were not mentioned in the August guidelines. Those sectors include food safety, health care and investments that can create more employment in China. "These, although they were not specifically listed in the encouraged list, we believe also will bring benefits to China's economy and should receive support," she said.

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