FMD
The stock is up today on takeover rumors in the mid 50's. Don't be surprised if it happens as FMD is a splendid company with tremendous value at these levels. I would buy this whole company if I could.
posted by Never-Limp at 7:27 AM
3 Comments:
That's what I saw today as well: Stocks seeing volatility buying: FMD Jun 40 calls are seeing interest with 1800 contracts trading vs. open int of 2850, pushing implied vol up around 12 points to ~55% -- a WFC-for-FMD rumor made the rounds.
Haven't heard the mid-50s price tag, but I would welcome it. I don't mind a fast payoff in this situation, since uncertainty still lurks.
After reading your blog, reading Tom Brown, and doing my own research, I bought FMD at 36.10 last week. This is great news! I hope everything continues to go well.
GL Justin, you are in even cheaper than my average position!
Post a Comment
<< Home