Brexit fallout...

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anonymous

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S&N major takeover target now. Look for the market to pull the stock price down. U.S. based companies who have been interested now have the leverage they've needed. Look for all English based sites to be closed after the buyout. There is nothing business critical based out of any of the English based sites anyway.
 












Nope. Nobody is buying. Worse. Looks like moving all that manufacturing back to the USA is going to be mighty expensive with the dollar now surging. COGS are going to surge along with it.
 


















anonymous said:
S&N major takeover target now. Look for the market to pull the stock price down. U.S. based companies who have been interested now have the leverage they've needed. Look for all English based sites to be closed after the buyout. There is nothing business critical based out of any of the English based sites anyway.
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Stock is up 17% on London exchange since June 17th. Any other stock picks for us Gordon Gekko?
 












Go to the LSE site. They've been buying back 200,000 share blocks on a regular basis and their recent filing says they'll use $300,000,000 from the Gynecology sale to start more buyback in July. That's why it's rising. Buybacks. If you read the appendices of their Q1 filing, you'll notice that from 2014 to 2015, GAAP EPS fell yet, magically, adjusted EPS rose. They'll say EPSA rose as a result of acquisitions and restructurings. I'm not so sure. Quality of earnings is in decline but they might be able to goose EPSA long enough to arrange a buyout. I'd be long.
 






By the way, if you took just 15 minutes to actually read the earnings call transcript, you'd see that they hedge their currency exposure, so there'll be very little impact from devalued pounds, if any.
 












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