grantjo.....it aint over till the fat lady sings.... :-)
there's very lean volume for sale...a big order could easily gap us up over 1.10 today itself.....
JB....the kind of PE interest behind DJS ( or lack of it) would have different motivations then the kind of PE interest behind BBG...
taking a stab at DJS....is purely a property play with an exposure to a retail business in Australia for free...
taking a stab at BBG....is to gain leverage to 1) US consumer demand revival...2) European demand starting ( forget revival :-) ).....plus the ability to hive off different brands and sell them independently ala...Nixon
what the good thing that the DJS bid does though....is get fund managers etc. thinking about Discretionary retail again as a sector....as the ABC report that i posted over the weekend shows....
BBG Price at posting:
90.5¢ Sentiment: LT Buy Disclosure: Held