Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (36825)	7/24/2005 1:57:54 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Russ, perhaps they do just what stocks did in 2000. No mergers until panic sets in and then you have buyouts at absurd prices like JDSU/Uniphase or whatever. I am typing off the top of my head now without giving this much thought. It's not that there are no mergers, GG and WHT for example (everyone seems to have wanted WHT), it's just that there have not been many of them. Mish

To: russwinter who wrote (36825)	7/24/2005 2:35:09 PM
From: smh	Respond to of 110194

Russ, The situation is highly analogous to the big pharma / biotech sector and the weak pipelines. Many of us BT investors have been waiting for years for the needed consolidation. I have to think it is a lack of vision (or other inadequacy) commonly shared amongst the industries "leaders." BTW, as a dedicated lurker on many of these threads, I have benefited greatly from your generously shared insights. I owe you. Thanks SMH

To: russwinter who wrote (36825)	7/24/2005 4:11:55 PM
From: jackjc	Read Replies (1) \| Respond to of 110194

Yes, except for FGX which was taken out at a double, there has been almost nothing taken out at decent premium. Corner Bay had a half way decent premium announced then PAAS weaseled it down to a very small percentage gain. I have long ago stopped waiting for buyouts on these jrs and went mostly to jrs which can produce. Have been pleased with Alamos getting into production without capex blowup, and selling out slowly at tremendous multiple. Sev others taken out at about 25% premium, names escape me.