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Formerly bb80sc
Join Date: Aug 2001
Location: Hollywood Beach, CA
Posts: 4,361
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Porsche shares plunge on bid talk for VW
Nuff said..............
http://money.cnn.com/2005/09/26/news/international/porsche_volkswagen.reut/index.htm
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Cheers -Brad 2015 Cayman GTS 2015 4Runner Limited |
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09-26-2005, 07:28 AM
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Montana 911
Join Date: May 2002
Location: Montana
Posts: 5,818
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"But CSFB recommended buying into weakness in Porsche shares, noting the deal made long-term strategic sense by securing production of the Cayenne and perhaps using spare VW capacity at some stage to make the four-door Porsche Panamera".
This makes sense to me.
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H.D. Smith 2009 997.2 S 3.8 PDK 2019 Ford Ranger Lariat FX4 Baby Raptor 2019 Can Am Renegade 1000R XC 2020 Yamaha YFZ450R |
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09-26-2005, 08:19 AM
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Registered Loser
Join Date: May 2001
Location: Worcester, MA
Posts: 2,392
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I have three shares of Porsche and the latest price is still above what I paid for them last year. So I'm not sure it is much of a bargain even at these prices. However, I would certainly encourage all Pelicans to buy a couple of shares each so that we can march into Dr Weideking's office and demand he run a factory LMP1 car at LeMans with Pelican livery!
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Owner of a wrecked 944 |
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09-26-2005, 08:50 AM
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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,756
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In general the acquiring company’s shares fall in any deal like this, so it’s no big deal. If the deal is truly a good one for Porsche it’s just a buying opportunity. You’d really have to dissect the deal in much greater detail or show blind faith in the management at Porsche.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster |
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09-26-2005, 09:05 AM
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Registered
Join Date: May 2003
Location: Manhattan Beach, CA
Posts: 2,350
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"If the deal is truly a good one for Porsche it’s just a buying opportunity."
Which implies that the "market" is inefficient and that Porsche "knows" better. The "market" basically implies that Porsche could have had better use for their resources, e.g. R&D. Now the Porsche stock will have the "portfolio effect" of VW & Porsche.
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Have Fun Loren Systems Consulting Automotive Electronics '88 911 3.2 '04 GSXR1000 '01 Ducati 996 '03 BMW BCR - Gone |
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09-26-2005, 09:48 AM
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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,756
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Do you really believe that the market is that efficient in these situations?
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster |
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09-26-2005, 09:53 AM
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Registered
Join Date: May 2003
Location: Manhattan Beach, CA
Posts: 2,350
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"Do you really believe that the market is that efficient in these situations?"
Efficient - The market reflects all stock info into the stock price. All the analysts/traders/insiders (friends of) seem to think in contrary to the Porsche Mgmt. Could they be considering other wasted mergers/buy-ins, e.g. M/B buy of Chyrsler? Bottom line: Only time will tell. Buy "puts" or write "calls".
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Have Fun Loren Systems Consulting Automotive Electronics '88 911 3.2 '04 GSXR1000 '01 Ducati 996 '03 BMW BCR - Gone |
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09-26-2005, 12:33 PM
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