Considering the fact that banks are caught in the middle of a new crisis (foreclosuregate), the market is doing just fine. I do not want to reduce my long exposure just yet, especially with banks rallying here.
This market is all about “winning” money (just like scratch off lottery tickets), either through mergers, short squeezes or old fashioned rampant speculation. It’s a mixed bag of balls this morning; but do not underestimate the internal fortitude of buy only robots.
Valuations are stretched to the max. But, if you look at the market from a mergers and acquisition point of view, in comparison to corporate borrowing rates, we are absurdly cheap. It’s very hard for people to come to grips with this market, specifically due to being just two years removed from the Great Recession. Even though it feels like the market is up 50%, year to date, the gains for 2010 are fairly muted. Granted, there are some stupendous winners, specifically in tech. However, that is being buoyed by robust balance sheets, coupled with low borrowing rates. I’ll put it to you this way, any tech company with decent fundies and a clean balance sheet is a takeover candidate, either by peer or LBO firm.
Into this run, I like AMKR, HEAT, PWRD and BRCD, amongst others.
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Hmm, no competition for the 1st place. Where’s Zombie? Eaten alive?
so who do you think is a take over target?doesnt have to be tech.
FIG Newtons !
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Good morrow, sir!
my dog likes those
Any tech with a P/E under 15 that has a strong presence in a growing market is a takeover target. There are plenty of them out there. Just do your DD.
What does it mean in numbers: “strong presence” and “a growing market”?
Like SPEC.
TSTC taking off, as mentioned last week. Triple Six Fix Mafia.
You still like HEAT even after they announced they will be selling about $100 mln in new shares eventually?
Sure.
We are getting spam attacked. At least I only got drugs, RC got the dog sex.
Poor kid.
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Help of the Friends From TV?
how funny you mention that jake.over at stockpickr, ,in forums,the place has been throughly infused with dog stuff,sex ads galore, drugs,and now,someone is posting threads in greek.complete cess pool status. i see a pattern developing here.