'I'd say considering PLS has $2b in cash, '
I have never really thought that we might be taken over or at least an attempt made by another Li outfit, but gosh, that is a lot of money - they must be wondering what to do with it?
'As I posted the other day, the $2.50 offer on LTR has rerated that stock as it continues to climb.
I don't think the present $3 is based on the market expecting a higher takeover offer, but because the initial offer caused the market to reassess it's worth.'
True. But then i would think at least some in the 'market' would be re considering LLL based on the recent LTR valuations?
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