Was curious to get your thoughts on the Dutch auction…
Am I right in saying that there is, albeit small, free money to be made through the “odd-lot” provision in the tender offer?
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I'd like to be positive on this, but management really worries me here. They do not have ausccessful history of acquisitions, and I'm a bit worried about their reserves.
That said, if probably is a decent
I wanted to give a head's up that there are rumors floating around that reserves may be marked down for KMG. We will find out shortly if that is correct.
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Just as I thought, analysts are coming around now and upgrading KMG. Bear Stearns is the first one to break off and upgrade it.
With such high energy prices, KMG is just as cheap as it
I believe the discount is derived from Wall street extrapolating the past forward. They assume because there has been such disappointment, that going forward KMG will continue to disappoint.
I disagree and believe that the Constitution,
This morning's GS note is typical of Wall Street's absolute hatred of KMG and its management.
There is really not any new info in the note, except how bearish the analyst is on the story.
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