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On a thread on 1/21/16, I suggested the following stock when it was around $38
"ALR
another company in the diagnostics arena that launched a molecular platform in 2015 that's doing very well.
Also, has the only FDA approved 4th generation rapid HIV test. Company's largest growth has been and will continue to be in China, India and Africa."
I TOLD YOU SO!!
Today, it was announced that Abbott is buying Alere for $56 share. The stock is now up over 50% from when I suggested it.
Yes, I'm hurting my shoulder patting myself on the back...but I'm also really happy with my stock choice right now!
OK, here's a follow up (dumb) question:
If Abt is buying ALR for $56/share, but on the open market, it's currently trading at $54, does that mean that when the deal closes, the minimum an existing share holder would receive is $56 (or the equivalent in Abt stock)?
Or, could the ALR stock go higher than $56 prior to the deal closing, in which case, current share holders would try to sell at the higher price?
Need advice: I'm considering selling my positions in ALR at $54, even though if the deal goes through with ABT, they'll be $56. However, if something were to happen and the deal fell apart, I'd lose all that upside.
Is a bird in the hand better than 2 in the bush?
Should I take my gains and be happy that I got lucky, or hold out for a few more $K or the possibility (unlikely) of a bidding war to drive the price higher?
Unless it's your whole life savings, why not roll the dice for a couple extra bucks. If the deal fails and you lose your paper gains you may have learned a valuable lesson. Pigs get fat. Hogs get slaughtered.
Unless it's your whole life savings, why not roll the dice for a couple extra bucks. If the deal fails and you lose your paper gains you may have learned a valuable lesson. Pigs get fat. Hogs get slaughtered.
I pulled the trigger at $54.05. Still have about 25% of my shares still in the acct since they would have been short term cap gains and taxed higher, so if for some reason, it goes over $56, I'll get the benefit, otherwise, I'll take the luck that I received today and be happy with that.
It is now an arb play so it will bounce around a bit but the only way it goes higher then $56 is if they refuse to sell and a higher offer is made or another company comes in & makes a higher offer. Use a stop and remember a 50% gain is nothing to shun.
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