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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (73157)7/26/2023 7:29:03 AM
From: Elroy1 Recommendation

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E_K_S

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There is news out somewhere that the Chinese have approved the MXL-SIMO acquisition. SIMO is $89 pre-market.

If true, and MXL actually moves forward, SIMO will get about $103 of value (based on MXL at $25, their pre-market price) by Aug 7th.

I first bought SIMO in 2008, and loaded up on it in 2011. It's the investment that allowed me to retire rather than go back to work after getting downsized in 2008. It's the end of an era for me.

And now.......if this goes through I'm going to need some "new stock" ideas.....
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