from Landry's, $22/share proposal, 22% premium.http://www.reuters.com/article/2013/02/07/landrys-arkrestaur...sw - owner of ARKR in individual and managed accounts
I really hope this does not happen.
Seems like a somewhat higher price would be justified. Certainly not selling yet.sw
I had looked at it $16 when the yield was 6%. I had passed mainly because a noticed capex over the years but the FCF was not increasing as a result. So I was not sure if it was wasteful. I am considering participating as a merger arb/special situation now. There is a bid on the table. So upside is $22 or if another bid comes in / bid is raised.Downside should be limited by the dividend yield?Thoughts?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |