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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (18367)	1/13/2006 7:13:24 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 18998

Tyco to split into 3, warns of light earnings on top of the estimated $1B splitup costs. What a joke the ancient uptick system is. I want to sell short and yet any price below the recent close can't be hit pre hours, not even on an upbid (like the sizeable bid at 30 was). Too bad I have no box where I can sell the long leg. Dumb me. This begs for revenge. Finally the tyco pig is gone. But it is interesting to see how it works. Huge costs and goodwill to aquire businesses, likewise huge costs to unwind them, write them off or split the company. All to the detriment of the common shareholder. This reminds me on the much touted Cendant split story (into 4). The street hates the story and correctly pointed to the massive split up costs, and, as a result since the announcement, Cendant is down some 10+% in an otherwise pretty friendly market...(and much more from the traded prices at the time of the announcement - was up to 22).