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12/06/10
16:19
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It seems Orbis has a track record of buying controlling stakes of 'down and out' company's such as Isoft in hopes of achieving a takeover premium:
http://www.bloomberg.com/apps/news?pid=20601085&sid=a.s4dJrbaEsc
Seems like they have stuffed Warren Buffett over a couple of times with Cannon and the like.
I wonder if they intend to accumulate a larger position, especially since their current average is 38.5c... well above the current SP...
Just the ramblings of a smelly bottom picker.
Rgds,
Mack
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