PE's and management issues will make little sense if another company is taking a look at it!!
Make no mistake, ALL is now in play as a takeover target - by either the number one player in the market (I hope not), or perhaps TAH, maybe even PBL or TAB.
For any of them to get ALL around $2 would be a joke. And not just the price paid, think about the vertical integration with current business', and add the potential growth opportunities in the gaming market ... worldwide!
I find it extraordinary that AMP could take a stake when it did - the chart was ****house, everyone knew the high PE rated stocks had to fall. What is more amazing is that AMP sold after the fall, in fact they surely helped stimulate the fall ... PPT saw the opportunity. Amazing what some instos will do with other people's money!!
I will stand corrected if the news is bad tomorrow.
Phil
major bounce tomorrow, page-3
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$54.13 |
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| No. | Vol. | Price($) |
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| 6 | 123 | $54.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $54.14 | 229 | 10 |
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