KG4, while you are entitled to your feelings, your post is, to be blunt, complete and utter bunk. There's no secret magic to deals, and only a fool would say that because a consultant thought it was good, and they know more than me, it must be good.
The only potential saving grace of this deal is whether the value of the tracking stock will ultimately find a sustainable level that will bring us a value equivalent to where seek was prior to the deal. And that has nothing to do with whether the deal is good, or fair, at present. Even if the tracking stock is valued at $100 2 years from now, that doesn't mean that seek shareholders should not have received 2 shares for every 1 of seek. It has to do with the valuations of the respective contributions, not with where it ultimately fleshes out. The end does not justify the means.
Seek and dis were counting on people like you, ignorant of basic accounting and business principles, to simply accept their patronizing non-informative deal and say, "well, I'm just a dope and they're really big-time biz people, so I guess whatever they do must be good for me."
Just because you're willing to let people you don't know tell you what's good for you and what should happen with your money doesn't mean that the rest of us have to go along with it. For god's sake, think this through before becoming a cheerleader for anything seek puts out. It's your investment, and if you don't watch out for it, no one else will.
SHG |
