Won't happen unless NN deal is killed. Seems some NN'ers don't understand the opportunity that ALA has provided. It will be a couple years before ALA trades like CSCO, LU etc, but it won't surprise me if ALA becomes the leader over the next few years. Folks looking for ALA to trade like it's US counterparts are in the wrong stock.
Honestly, from the shorter term perspective, nothing would be better for ALA then canning the NN deal. That way ALA goes back to mid fifties in a strong uptrend, and NN drops back to the twenties or teens as it didn't sound as if there was even *one* other party interested in bidding. Over the longer term, I believe the NN acquisition will benefit ALA greatly. In the meantime, folks who desire the volatility of LU etc, should sell their NN, count their blessings, thank ALA, and buy LU etc. Don't expect miracles Bob.
I own both stock and options on ALA. I doubt ALA will break 40, but if so, strong support at 38. I will double my June 40 call position at 40-41, and double it up again if it were to hit 38 which I highly doubt.
sf
PS: I would be extremely hard pressed to understand the logic of any NN shareholder voting against the merger. That would be a death sentence for NN IMO. Probably be much better off just bailing now. |
