SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AUTOHOME, Inc
ATHM 22.23-4.5%Dec 31 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Benkea who wrote (7050)3/28/1999 4:07:00 PM
From: Nicholas Thompson  Read Replies (2) of 29970
 
I don't think the 104% is anything worth focusing on - it is simply coincidence that the amount agreed upon required that ratio. Companies that never split like berkshire must pay something like .00xx shares to acquire shares of companies with normal share prices. However, I think it would be worthwhile to think about the effects a cancellation of the merger would have. After looking at what happened with lcos/usa/cmgi I think it is safe to say that no one can guess the outcome "so far in advance" (internet time...). I wouldn't put lots of money in a short position on any internet stock. The fact that you've countered the athm short with xcit shares helps a little but don't put a major slice of your portfolio into this deal. You never know, AT&T could buy athm outright at a 50% premium and excite could founder in a general market slump. One of the two is unlikely but just remember a short position opens up unlimited loss possibilities.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News