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the stock looks overbought to me, the slightest hint of a deal falling through and this thing is back to sub $9. on the other hand this could run to $15 with enough analyst speculating buyout prices should range $16-24 / share! I have my strangle in place, March 13 $14 calls and March 13 $14 Puts. MOVE THIS MOTHER!
Deal probably falls thru, for the mean time at least. What is it that he wants to do "private" that he cannot do public to increase the value of the company?
Recent acquisitions and investments,, why turn it around private?
Falls thru or $18 would be my guess,, just a guess.
Southeastern Asset Management says Dell's value should be set closer to $24 per share.
Dell reported fiscal fourth-quarter net income of $530 million on revenue that was down 11%, at $14.3 billion, from a year ago. But excluding special items, such as acquisition costs, it made $702 million, more than Wall Street was expecting on that same basis.
The Street expected net income of $676.2 million on revenue of $14.1 billion. Those estimates usually exclude special items. And excluding special items, Dell reported earnings of 40 cents per share, compared with the 39 cents forecast by a survey of estimates from Thomson Reuters.
many of those outraged by Dell's decision to take the company private on the cheap seem to be recent investors in Dell that see an opportunity to squeeze out a higher bid on a short-term trade. Moving forward, I expect the deal to get done at a higher price than $13.65, possibly as high at $16.50. There are enough large and motivated shareholders that are willing to take the risk of the deal falling through to force a higher price.
Agree! anything can happen here
well my comment was posted with just a bit of sarcasm,, and DELL is not a pinksheet stock, those are the stocks that do a pump n dump,, you know announce a buyout then it doesn't go thru while the owners dump their shares at top prices. cant happen here. (note sarcasm once more)
glta!
Thats just silly. If earnings are good will prob see a higher bid come in quickly from that group. If crappy results will trade closer to 1365. But end of the day i see a higher bid coming in. Im sure they were planning on it from day one. The longer they dont have to the more stock they can buy back which they are doing right now
what if he doesnt really want to buy dell,, releases awesome earnings and then the shares go way up,, then his shares are worth a lot more and instantly makes tons of cash! anything can happen
my guess is the earnings suck, the stock tanks and investors will gladly take the 13.35 buyout!
Earnings Tuesday the 20th, fireworks one way or the other!
Question: do the March $13 puts know about the deal for $13.35?
I would think the stock sinking to $13.35 in next few sessions will increase the value of the $13, and $14 puts.
I still say, get those March $14.00 Calls!!! they r cheap,Cheap, Cheap! and as a hedge get some March $14.00 puts!!!
Another Shareholder Opposes Dell Sale
Mutual fund firm T. Rowe Price joined the opposition Tuesday. T. Rowe Price and another shareholder, Southeastern Asset Management, believe that founder and CEO Michael Dell and the investment firm Silver Lake are being allowed to seize control and end Dell Inc.’s 25-year history as a publicly held company for too little money.
“We believe the proposed buyout does not reflect the value of Dell, and we do not intend to support the offer as put forward,” T. Rowe Price Chairman Brian Rogers said in a statement.
...
Southeastern, which came out against the proposed deal last week, argues that Dell is worth $23.72 per share, or about $42 billion. T. Rowe Price didn’t provide an estimate of what it believes Dell is worth.
http://dfw.cbslocal.com/2013/02/13/another-shareholder-opposes-dell-sale/
It's got a new attitude.
Time to re coup what I goofed on end of day Friday.
It may be risky, but....
Im playing March options into the earnings tuesday! flat strangle
20 $13 calls, 20 $14 puts please!
Game on. Mkt is telling us a higher bid is coming. Prob their plan all along. Im sure they have been buying millions of shares below 13.65 as od late. Wont have to pay more for that many shares
LMAO you mad because you didn't make any money on this bad boy?! lol
Maybe they have factored having shareholder resistance and will go up from here,,, just a little plz
Would be nice for someone to come in and up this thang!!
For someone in Dells shoes to prove he is offering the best price available would be a tough feat.. Yet does he really have to prove he is..?
I read through some of the legal firms investigations I don't know if they have a snowballs chance, it would take a lot of resources, and expert data,
Just read there is a forty five day "go shop" period, where others could make higher offers for the company..
No wonder the contracts weren't moving yesterday.
The issue is The deal is huge, and Mr. Dell who owns close to 17% wants to give himself a good deal. lol.(open to interpretation).
We shall see. Not betting on it, but holding a few calls that wee purchased last week.
interesting volume and price surge 1/11 and 1/12.
Not sure the costs. It would most likely be an IBM, Orcl, or Asian co.
Chances are very slim, that happens.
If I read it correctly,, someone would have to thro in $450million just to bid? and $180million if they are close?
Free markets. If someone out there with the capital can pull it off, and wants to disrupt Michael bad enough, possibly..This is a very large deal so it's difficult to get the cooperation of another consortium, and move the needle.
Well the deal is not done yet,, are you still thinking it will be around 14.50 after all is said and done?
Well if the buyout is 13.65 why is it trading at 13.3* ??
Making money is not a bad thing! Thanks DELL for the $13.65 buyout!
Looks like another turd will be wiped from my portfolio automatically........
Dell to go private in $24.4 billion deal
SAN FRANCISCO (MarketWatch) - Dell Inc. DELL 0.00% on Tuesday said it has signed an agreement to take the company private in a $24.4 billion deal with Chief Executive Michael Dell and Silver Lake, a private equity firm. Under the deal, Dell shareholders will receive $13.65 in cash for each share of Dell common stock. The price represents a 25% premium over Dell's closing price of $10.88 on Jan. 11, 2013, before rumors of a deal boosted the price of Dell's stock. The deal will also be financed with a $2 billion loan from Microsoft Corp. MSFT +0.55% . Trading in Dell shares were halted early Tuesday.
share are not selling now
buyout in works
So options are completely worthless now?? dammit
They will pay you cash. Just how much is the question. Deals this size take weeks-months..
I don't think the large institutions are going to rollover and accept 13.60.
I say the Dell institutional players decline anything under 14.50 quickly..And go for 15+.
thanks! im sure delisting doesnt happen overnight either
People are buying now for the buyout. If you buy in at the 13.38 range its at right now and they reach a deal at $15, then you gain $1.62 in a short amount of time. More than likely you would get a tender offer to sell your shares or you could see at market value after the deal is reached.
sorry can someone pls tell me, if they delist, why is it good for us to buy now?
$15 at least on Monday
"The Financial Times claims that Silver Lake's buyout offer for Dell has gone to $15 a share, up from somewhere between $13 and $14.25, if a tablet-induced leveraged buyout can be put together.
Barron's thinks large stockholders are pressing for $20 and the Wall Street Journal says Microsoft's role in the affair is a "sticking point" and "one of several issues being hashed out ahead of a final buyout agreement.""
https://dotnet.sys-con.com/node/2529461
The market was saying low 14's by activity Friday.. The market isnt always right.
There could be announcement Monday.
Think of it as a first firm offer.
Move dang it,, oh here we go
https://dotnet.sys-con.com/node/2529461
Sure there is, use your favorite search engine to search "DELL buyout"
No kidding,, just missed my sell by a couple points this am, could of doubled my position,, dang it, hopefully monday she goes boom.
Hopefully fireworks Monday.
This power hour is anything but..
Hope your team wins!
TGIF
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