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farwest

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farwest

Re: Traderfan post# 10684

Tuesday, 02/28/2012 11:13:24 AM

Tuesday, February 28, 2012 11:13:24 AM

Post# of 17741
INA - that's what the rumor is. I don't like it, especially as they repeatedly said they would float debt (but they were also "supposed" to announce that weeks ago). Now the question is how much dilution?

The upside is still there, but not as much. The offset is no debt/lower risk profile. I'd expect to see a PP around $0.60 level and then a rush to push it higher as INA will be significantly derisked. My plan is to enter on "news" of the PP.
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