Oi S.A. (OIBR)

[randall899]

Portugal telecom is trading at over 2.00 / share in addition to oi already established business in the billions ? really under a dollar the merger is approved and the rioforte default looks like it is fixed . This is a very large sustainable company that pays dividends. And oi just got like a 100 million shares of pt that pt must buyback and retire to the treasury I might be wrong but I sure feel like the market is missing something here. That is over a two hundred million dollar asset acquisistion not counting dividends that pt may pay while oi owns the company. By my math a 26 million dollar profit just on the one transaction. The corporate bylaws distribute it to stockholders here. This is bank. my opinion