Re: TBR
Yeah, I still own it. That it went through on schedule implies that the government may be on target for its July 15th goal. This is a well-followed stock, but analysts have been privately saying that the
privatization won't go off until later this year, if it even goes off prior to the presidential election. This news moves the stock's defining event into Wall Street's field of vision, which should allow the stock to move more on its own merit - and hence be more bear-proof.
A while ago I did a valuation, and came up with $157. Merrill Lynch and Paribas recently did valuations that could put the value over $200. In any case, I feel there is value for the long-term holder, I'm still planning to hold onto my shares with a 2-3 year time frame,
which will unlock greater numbers IMO.
Good Investing,
Mike |
