Rande: I hate to beat a dead horse, but...
Thread readers might want to consider starting a position in GBLX. Now down to 22 but the revised offer (2.05 shares GBLX for each share of Frontier) has been accepted and there is no longer any collar; this deal is now a certainty, one of the conditions of the revised offer. GBLX is still a premier player in fiber/broadband sphere and the Frontier merger is still a favorable one. I thought it was a slam dunk when I loaded up on GBLX at 28; down 20% to 22, I think this is a no-brainer. When merger finally goes through and the shorts and arbitrageurs have finished having their day in the sun, this will return to favor. It is for patient investors only; it will not rocket up with the Inuts next week and may lie dormant for months, but 6-12 months from now I think this will be a double.
Other thoughts: my MFNX pick was better. Loaded up at 23 in early August, now 32 5/8; still time to get in on this, IMO. Finally, consider Intel. Intel? Sure, chip sector is red-hot but what excites me about Intel is its venture capital arm. They have quietly been investing in numerous internet start-ups and IPOs and have amassed an impressive portfolio, with very astute picks. Imagine getting a company like CMGI that just happens to supply 80% of all chips to PCs. With 1-2 years of strength left in the semiconductor sector (remember, these cycles typically last 2-3 years), this is a core holding in any portfolio.
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