Why is it so hard to believe that a complicated deal like this
might take a little longer to finalize?
Why is it so hard to say it's, say, "still in progress" rather than
proclaiming it's practically imminent? I may owe you an apology here,
MW, I thought you might be making up that Boylan comparison of the $10
million JV to @Home. It may be that Boylan is that stupid after all.
Point to one piece of information that suggests that the deal is in
trouble other than the fact that it's not done yet.
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VVVVVVVVVV Look in this direction.
See that yellow box with the words "Last Trade"? The number contained
in that box is, at the moment, smaller by 4 5/8 than it was at the
time of the Apr 27 CC, thus leaving it only 4 points above $14.25.
You do know the significance of $14.25, do you not?
The upshot being, that $150 million they were bragging about at the TV
Guide CC is now, roughly...(tap-tap-tap)...$70 million. That just
might, mind you, make them a little less confident about their margin
of safety in the deal. 842,000 shares is a lot to unload.
So what's the short argument gonna be once this deal does get done?
Do I need to go over the concept of dilution again? |
