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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (73176)	7/26/2023 6:36:08 PM
From: E_K_S	Read Replies (1) \| Respond to of 78998

Re: SIMO They made Musk buy Twitter but SIMO & MXL had a written contract with provision for a breakup fee if the deal did not go through. One would have to look at the specifics of that breakup deal. You said it was valued at $4.81/share but that maybe only from not getting approval from 3rd parties. It looks like some shenanigan's might be going on with perhaps some hedge funds. I noticed a lot of PUT activity. I can never recall where a deal that went on this long waiting for approvals, was terminated by the buyer. Maybe MXL want's to renegotiate the price (even after paying the break up fee) especially now they have Chyna's approval. I bet the SEC will look closely at those option trades. If any of those traders are/were involved in this deal (especial w/ financing), it could get quite interesting. Like you said, SIMO has been profitable for over 10 years, has generated good FCF, paid a dividend and at 13x PE not over priced. Interesting that the stock is trading at $60/share after hours after being as low as $52. ------------------------------------------------------------ With all the SIMO activity, TSEM +5.6% on earnings. Now I wonder if their INTC deal will be approved by Chyna (s/d be next week if at all), given the approval of SIMO. INTC's offer is $53/share or 42% lower than the merger price. TSEM has a 15.6x PE and pays no dividend