I do not blame the company. Potential for higher prices in the future is there, unlike some stupid tech stock.
POT has an incredibly sound business model. The opportunity for growth in the future is immense. The world population is skyrocketing and people need to eat. In the medium term, POT should benefit from low wheat production. I cannot think of any reason POT shareholders would want to be bought out.
Massive dilution, so any deal will need to be friendly. The board is probably holding out for 165-70 per share. Shorting the 150 Sep or Oct straddle this morning.
Its 17x next year earnings. It looks like they agree with the estimates and the growth rate going forward
Wow, you know what they're going to earn in 2011, Kreskin? You're amazing! Next time adjust the forward PE for a price of 145. These are not oil reserves they're buying.