Thursday, May 31, 2007 2:42:46 PM
Mark's rationale looks sound to me. The odds are against a buyout taking place if you consider the current pps.
The odds are against a buyout. Any rational human being would accept that. But there is no denying that the risk-reward favours a buyout. I guess this why people chose to go long.
One thing to think about is: if you were offered a 20% chance of making $50k or 90% chance of saving yourself $10k, which would you choose?
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