I'm not all that keen on a take-over of KIM either. Even at double the pre-halt price I would only break even. It would take a $2.00 cash (not script) offer to induce me to review my hold postion.
If a take-over offer is made, what it means is somebody (who's done their homework) wants to kick me out of the box-seat (at a price that relates to analyst-induced gloom) and ride KIM to glory as its share price escalates (past $2.00) in line with the offer-maker's profit estimates (for 07/08 and 08/09) that prompted the take-over offer.
Conclusion: If there's sauce in KIM for the take-over goose, there's sauce in KIM for the sit-pat gander.
KIM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
