On the contrary fastenyourseatbelt....sold at $11 on Friday and pocketed a tidy profit....then got back in and out today and made a 4% gain in 20 mins....so I am extremely happy....this will be a yo-yo like AIO for a while and I will take advantage any move to $10.50 and below to make more money. Not going hold out for a takeover bid which may never come to fruition.
Anyone hoping for $16 in the current climate is dreaming....would equate to a PE ratio of 20 and not even China is going to throw that sort of multiple around. I think $12.50-$13 is more likly.....a premium of 40% to the 2 week average prior to the 24% rally on takeover approach confirmation. Not sure that will get deal done with Rathbone so let's wait and see.
NUF Price at posting:
$10.20 Sentiment: None Disclosure: Not Held
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