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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: kahunabear who wrote (14831)3/9/1998 1:17:00 AM
From: Bonnie Bear  Respond to of 94695
 
Part of the problem is the raging testosterone of the M&A fever.
Check out Bay apartment communities- their market cap is a billion, they're buying another REIT with a market cap of 1.2 with an offer of 2 billion. When one cash-rish company offers to buy another for obscenely high prices, it raises the potential market value of an entire sector and starts bidding wars. The guy on the street just looks at this as free money and hopes he'll get out in time.