So, if you had bought, on the day you learned of that decision (a prime
example of both stupidity and snobbery in management), $1000 of an
S&P500 tracking fund, while shorting $1000 worth of the acquiring
company's stock, where would that investment stand today?
Or, better yet, buy $1000 of their top competitor while shorting their
stock?
On 2021-07-20 09:54, Jim Cathey via Mercedes wrote:
This is the same company that had decided to 'save' money by moving
our extensive
(and expensive) test lab, housed in an _owned_ building, from eastern
WA to
silicon valley --- where space, labor, and power (significant) are
_so_ much cheaper!
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