Message Font: Serif | Sans-Serif
No. of Recommendations: 0
As many of you know I emailed Whitney Tilson last week following the merger annoucement, here's what he said:


What exactly are you unhappy about? Of course all of us would like a higher price, but do you think the Board of IPK didn't make best efforts to do so, or was incompetent in conducting the auction? I find no evidence of this. Of course, they could have not sold at all, but they didn't have much choice as a 32% shareholder needed to get out.

$26 is 30% above where the stock was trading only a few months ago before the company announced it was conducting an auction, so while I'm not jumping for joy at the price, I'm happy to have cash given my view that this market/economy could really take a nosedive.



I may post again with how my thoughts have progressed over the w/e. However I'll leave this post unblemished so you can soak up Mr. Tilson's remarks.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.