The arbs, President Obama – if you can buy shares at 64, put down 10% to your prime broker and knock them out at 68 into the bid, that is a sensational IRR and they'll do that all day long.
I think everybody on this platform would do well to stop agonising about these bids and concentrate on the fundamentals, which as we've all stated are outstanding.
Contrary to the shrewd investors on this platform I think the Chinese know exactly what they're doing and if they can buy shares this way they're doing themselves a great service.
The best way to put their nose out of joint is to make the shares go up!
I hope some of you have watched the great movie of Blackberry which is an outstanding business movie. The CEO says make the shares go up so we can fend off the bid.
TIE Price at posting:
63.5¢ Sentiment: Buy Disclosure: Held
