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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (27092)6/16/2007 5:22:26 AM
From: anializer  Read Replies (1) of 78717
 
Interesting way to reach a goal. They have said repeatedly that they wanted and expected that EDV would sell above NAV. What a way to accomplish that goal, make sure that NAV is reduced. Sometimes you gotta wonder what management's real goal is, to increase shareholder value, or line their own pockets.

In any event, harshly ruling this out as an investment possibly might be somewhat premature. I've seen things like this happen before in other stocks, was dead set against it, and all for naught, as the shares continued to increase in value, tripling within 2 years. The market works in mysterious ways sometimes.

Hard to believe that management hasn't thought this merger out well enough beforehand to consider the ramifications and potential impacts. My impression of management from prior conference calls was that they were very astute and knew what they were doing.
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