what am i missing here?
Ok so the analysts have the stock much more valuable... whatever, if i had a nickel for every trade i made based on analysts i'd have more than i have now.
regardless, the proposal is for what? approx. 37 shares of Akebia per 100 owned of kerx right? so... if the price of kerx keeps along it's path of ~3.30 - ~3.50 and akba sits around ~10 well... even if the price of kerx raises to 3.75 it's still a breakeven at worst and correct me if i'm wrong but akebia's price should increase once the merger/acq. if finalized...
I'm just not seeing the 60%+ rip off everyone is talking about.. it's based on a pie in the sky number that kerx hasn't seen in what? almost a year?
Someone tell me something I don't know... that's not based on the idiot analysts please....