I saw where PONR (which I sold 2 weeks ago or so (Olin to Acquire Pioneer) got a buyout bid yesterday. While I was bummed that I no longer owned them, it shows the power of MFI stocks. OLN went from $19.00 to $19.51, showing that at $35 people considered PONR a good buy for them. They also said the purchase would be accretive to earnings.
Interestingly, Forbes published a list of 12 potential buyout stocks last week with PONR on the list (In Pictures: 12 Could-Be Buyout Stocks). The list also included PTEN, OVTI and RAIL. Hmmm.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment