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DewDiligence

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DewDiligence

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Re: Democritus_of_Abdera post# 537

Tuesday, 11/16/2010 2:56:02 PM

Tuesday, November 16, 2010 2:56:02 PM

Post# of 30493
Morgan Stanley cuts JOYG to Sell based on CAT’s buyout of BUCY.

Huh?

Well, the downgrade makes sense insofar as there are few potential suitors for a company like JOYG and CAT has just taken itself out of the running. Thus, MS says JOYG ought to now have less rather than more of an implcit buyout premium in its share price.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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