CASH CASH CASH!! In today's market whats better than having cash in hand? NOTHING. Hence why our SP has falling apart...
Investors want security right now, the markets are scared. Look at how much cash some of the blue chips are holding at the moment- Apple has some 70+ billion in hand! Johnson & Johnson even has 30 billion. We must brace for the future.
Id rather be invested in a company that has more cash than the size of it's market cap, and HUGE prospects in the pipeline. As opposed to one who's stuck paying back debt, or one that can't even acquire the debt in the first place!
What I'm getting at above is that the price Reddy's might be prepared to buy for, could very well be a good deal to ACL and it's investors.
In Reddy's eyes Fonda combined with the AG could be set to take a much greater share off GSK than we expect, perhaps up to 80%. But then again other competitors could come into play and change all that. Which in ACL's case will keep scaring off investors and ruin the SP every-time an announcement of a new DMF or ANDA application comes to light. Why should ACL risk this outcome, if Reddy's can offer them a risk free, seemingly good price right now?
Now is not the time to be arrogant with our expectations.
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