posted on
Oct 18, 2011 04:40PM
Look guys FNC will in all likely hood be taken out for a song but if your buying at these levels $1.00-$1.10 look awfully damn attractive for all we know FNC is being manipulated so this can happen. Wnd just had their sp pushed down to $1.25 than 2 weeks later a buyout offer for $2,50 comes along so the longs are pissed because they know there is far more value the short to mid term guys are happy they can get 100 percent so the battle cry starts. The thing is you can't achieve max value in a company in this environment a world economy barely growing doesn't reward max value unless there is an extra ordinary situation now this could be the case here it's shaping up nicely, Peter wouldn't let FNC go for a song but there's nothing stopping any entity from making a bid and appealing to the shareholders I still think this will happen to chm before the year is out!