Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jeffbas who wrote (12527)	5/28/2001 7:32:12 PM
From: Bob Rudd	of 78717

Jeffrey: Interesting insight <<BMY chose to sell a business for $3B after taxes which an intelligent buyer (P&G) thought would give a decent return on $4.95B>> Hadn't thought of the tax difference that way. My concern, which may run bit contrary on a thread that highly values cash on the books, is what do they do with that cash. I'd rather look at them when that card is showing because studies have shown 2/3's of acquisitions fail to cover the deal premium. Whether BMY's next deal with that cash does or not, I'd bet the market drops them when a deal is announced. Also, the recent Senate shakeup could be unfavorable: With free drugs for seniors being a potential negotiating chip, there could be some bad news flow from DC.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next