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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.860-2.6%3:53 PM EST

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To: Bocor who wrote (3074)5/4/2012 11:38:12 AM
From: richardred  Read Replies (1) of 7242
 
Hi Bob: The news came out after I left for work yesterday, thanks. I've personally added to my holdings today. I usually stay away from situations like AVP , but IMO the risk is lower on AVP.. RE:This for a company who rejected a bid. My thoughts, if the latest rumor is true. You have two interested parties in Avon. That's a positive if someone does put in a formal bid. The bidder might put in a marginally higher bid than Coty's to stave off a competing offer. I also think we could have a bid because AJ just got re-elected to the board. I don't think big holders of the stock liked that. IMO still chance of a surprise bid by someone else. If I'm wrong. I'm willing to stay the coarse. Downside- With a New CEO in place. There is a now a higher risk. The traditional dividend could be cut. If no bid is received. The stock will IMO stay in the 18-20 range till next earnings.
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