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Enterprising Investor

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Re: insomniac post# 1480

Monday, 05/03/2010 6:28:31 PM

Monday, May 03, 2010 6:28:31 PM

Post# of 1731
SKRUF tender could be $8.75 to $10.

The price range would reflect corporate action in the near future. The closer equity gets to break even (or the longer management waits), the higher the offer would need to be for the tender to be successful. At $10, a tender would create $75 million in equity ($15 x 5 million shares).

There is no way for me to predict future prices.

Look for Show iBox (more information) near the upper left corner.



If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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