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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 5.550-1.4%Dec 30 3:59 PM EST

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From: richardred4/24/2008 10:03:02 AM
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New buy -EK-to establish a position. 18.68. It will be the first time since the early 1980's I've owned this stock. I've even been to a few shareholders meetings when they were held in Rochester. The balance sheet is still far from perfect, but IMO it's moving in the right direction. Perez have been selling his shares by way of acquired options at these low ball prices. Not usually a good sign, but I want to be prepared to have something here, if he steps down. Nothing in the works that I know, other than a guess. I suspect Legg Mason wants to see a quick return on it's investment money now. They along with long time big holders might press for some action. If nothing develops. The switch to digital is progressing to IMO the rate of increasing profitability down the road.
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