Mqurice (aka, grand Kiwi mystical one). Man am I glad I gave you the green light on the 400 word limit--one more in a series of great rants old friend. And methinks the old cooking Sherry syndrome was not involved this time around.
Is this getting serious gang or are we all just talking ourselves into it? I lean to the former simply because the Q at 50 is such a flipping joke that an acquirer could offer a "premium" to the current price and look like a hero. The problem being, as Gregg so accurately (and sadly) points out is that this would be arbitrage off of pessimism lows. The Q is getting hit with a NAZ tanking, Asian contagion, handset manufacturing triple whammy. The momentum boys are out and the small investor doesn't have a clue and so heads for the exits with the 'mo crowd.
Who's left to figure it out? Well, we got the SI thread, Gregg, and Ericy. Now Maurice has posited an intriguing theme: ain't no way LU and NT (to take two but I wouldn't leave CSCO out) would stand by and permit a fire sale to go down. Adding further fuel to the fire is the proposed spin-off which, IMO, kinda puts the company in play. If I'm LU, for example, wouldn't I want to make a move now BEFORE a major restructuring? Or would I wait and buy only the pure equipment and technology supplier rather than the carrier?
Me not knowing, but I think these are not mere straws in the wind. Thanks for all your posts guys; this has been a terrific day on the Q board. (Clean-dude, I wasn't zinging you: just can't fathom 50 any more than I could 80) Mike Doyle |
