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Re: OT - ALU - why so
weak?
It is down 20% because the deal is worth 0.55 shares of NOK to each
of ALU, somewhat of a takeunder from yesterday's price. The
share price is now indeed below the $4 level, but I will wait until
the emotional trade is done with. Right now, many folks are
panicking and sentiment has gotten destroyed. I have been
trying to punch holes on my due diligence of the combined company
and while I agree there are challenges, I keep coming to the
conclusion that NOK will come out far stronger. I would agree
that it will take time to go through the transition to fully merge
the operations. But it now has a much expanded addressable
market from which it can now grow.
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