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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: Cheryl Galt who wrote (29415)11/18/1999 12:28:00 PM
From: celeryroot.com  Read Replies (1) | Respond to of 32384
 
not much quick profit at this time



To: Cheryl Galt who wrote (29415)11/18/1999 1:25:00 PM
From: Webhead  Read Replies (1) | Respond to of 32384
 
Maybe I'm missing something here but this deal seems awful given current market prices for LGNDW. Currently LGNDW is worth ~3 5/8 and the common about 9 3/4 so LGNDW is trading at a 9 3/4 - 7 1/8= $2 5/8 premium over fair value. So why would anyone settle for (in effect) trading LGNDW in for a premium of $1.12?

Confused I am,

Ed