Yeah, you dont need a magic 8 ball for this one. Unless it always comes up "ask again later..."
Considering that BofA is doing this deal as an all-stock swap, I think that this nothing-down transaction bears a frightening resemblance to the AOL-TimeWarner "merger".Question: Who has ruined more investors?:
Unless of course the merger gets hosed and doesnt happen...
I believe thats called the 'risk premium'.
That's why I said "assuming the deal closes".
But who do you think is going to "hose it"? The Feds?
It will close....then just wait for the inevitable "dilution of earnings" that creeps in. Look at the bath Daimler took selling Chrysler, or others of note........
Then, what you are saying is you don't want to own BAC. Note that I also said "If you want to own BAC". For you, the trade would be:
Buy MER and short BAC. This is what risk-arbs do.
.How about shorting Merrill and buying gobs of Lehman?? That's what the CNBC folks will be along to advise shortly.........
Question: Who has ruined more investors?:
a)CNBC
b)Rogue brokers
c)the Federal Reserve
d)all of the above
I'm sure they already are.The hedge funds will be all over it...........
That's why I said "assuming the deal closes".
Well if we're going to actually READ posts before we respond to them, its going to get a lot less interesting.
You didnt edit your post later? I dont remember seeing that.