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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.750-1.7%Nov 7 4:00 PM EST

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To: Grantcw who wrote (2656)1/2/2011 1:47:56 PM
From: richardred  Read Replies (2) of 7243
 
Hi Grant. Happy New Years!
Yes, Some things have changed since my last thoughts, but much remains risk wise.
Message 26995390

It's still a crap shoot at SVNT. For me, I knew going forward I would be willing to hang on if nothing developed. I picked up some more shares on the last two trading days. They have a yearly sales estimate on YH for 2011. 20 mill for the low. 104 million for the high. 48 million for the posted estimate. I still think it will be good news if they get a good CEO. I still think they will need to raise more money and that will put more pressure on the stock.IMO- A wild card could be a partner for future European sales. Takeover sentiment is dwindling for short term players. IMO Anything is still possible takeout wise. Capital Research holds a big position after the debacle. Generally, They are long term players. It's was probably wise for your to write the calls for some income in the mean time.

If it's one thing I've learned over the years in Speculating in Takeovers, it's patience. Example-I still own SPPI. I originally bought back in this board back in 2003. Since replaced with lower cost shares. Actually, just now, starting to show signs of life. The word takeover target for SPPI is now starting to appearer at the likes of Seeking Alpha and others.
Old recycled post on Patience.
Message 23443252

GITY-Good Investing To You in the New Year.
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