With 21 days until the ostensible closing date of December 11th, and the shares of BCE commanding a whopping $34.33 at today’s closing, this implies a whole lot of risk about this transaction ever closing as advertised at $42.75.
The current price implies a compound annualized rate of return of 4,526%
What do you suppose the market is telling us? That pigs fly?
Friday, November 21, 2008
Teachers' bid for BCE inspires confidence?
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1 comment:
What`s with this dog anyway??
Is this not the poster boy Flaherty used for tax leakage as he slaughtered income trusts & their investors??
This was perhaps the most poorly managed company in this country & still is as evidenced by it`s current market price.
Their pension fund even has a shortfall of just over 3 billion dollars--a truly nice fit for Teacher`s with their pension loss of 6 billion.
If I was Teacher`s , I sure would be leery adding another clunker to my portfolio.
Dr Mike Popovich.
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