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Just a thought. Sotheby's share price reflects the possibility of a negative outcome of the Dept. of Justice's price fixing probe. Ron Baron of Baron Asset Funds, one of the company's largest share holder noted the following: The resignations of Taubman and Brooks following news reports of Christie's grant of conditional amnesty by the DOJ were surprising and unsettling. Especially since we had been reassured by a board member that pricing decisions were a board decision and the company was completely innocent of any wrongdoing. Going over Baron Asset Fund's latest report, I'm not thoroghly convinced that Southeby is innocent. But I feel the stock is priced for a HUGE surge IF the company is cleared of any wrongdoing. Anyone else have any thoughts or opinions?
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