This quote from MarketWatch is exactly what is wrong with M&A:
But perhaps what investors should be most encouraged about is that Intel didn’t just pick a company that had a good product in what it believes is a growing business. Intel bought a company that has something the chip maker doesn’t have — a stock that’s been trending sharply higher for the last 10 years.
If investors are so excited by MFE, they can just buy some of it. They don’t need Intel to buy it, creating a big unfocused company, for them. This is a merger for management, not for investors.
Interesting and well communicated.
Tim G is on hold with E-Trade tech support for a trade break.
Conviction to buy or sell?
Dow 10,000 saved by Treasury
Just rebalanced my 401(k) into cash/bonds. Get out while the getting’s good!
Still getting squeezed on $F. This Fibonacci projection is today’s justification for not getting out. Hoping it bounces right off $10.08
I mean, if you can’t short a $9 stock with -$8.23 BVPS, you can’t short anything in this market.
Our chairman who art at Goldman
Blankfein be thy name
Thy rally’s come, God’s work be done
In the Dow as it is in the Nasdaq
Give us this day our daily gain
And forgive us our frontruning, as we punish those who frontrun against us
And bring us not under indictment
But deliver us from regulators
For thine is the cashflow, and the power, and the bonuses, forever and ever. Amen
Looks like an enthusiastic up day, right? But who’s trading?
Very cool investment site.
