To Whoever Wants to Buy ASND,
Tomorrow will not be a good day to buy ASND. It may stay above $30 for the next several days. But we should be able to see it back to $25 - $28 range again once this initial enthusiasm dies down in a couple weeks. You may then get it at much better price. One thing is certain, though, that this time the buyout is for real. It's just that ASND wants too much at this point. I live very close to Cascade, and have several friends working there. After ASND/CSCC deal, every single Cascade employee has been blaming the old Cascade management that they sold CSCC too cheap too soon. They say that if CSCC is still independant, now it would be worth more than $40 again. This time another opportunity knocks at the door, especially LU comes after CSCC, I'm sure that Cascade people is holding strong pressure to the ASND management. They will try to get the best price possible to at least back to break even (every CSCC share worths 0.7 ASND share and has lost 40% since the ASND buyout). But the bottom line is, they want to sell themselves. If eventually nobody wants to pay $40, they will have to take $35, or else they will be back to $22.
So be patient. I don't see there is an imminent deal coming. This thing may drag at least couple more months, perhaps as much as 6 - 8 months before LU's stock can be used in the deal. In the meantime, you will have chance to get in in high 20s again.
Good luck!
MB |
