MET - Metlifecare - one for the fundies?

[huxley]

we live in a strange world...Before the takeover MET had a sp of around $4.5 and the whole world was saying that the sp is undervalued and the board even commenced a share buy back for about $30M(if i am right)...

Fast forward 8 months the sp is tanked at $3.40...seriously???

Pandemic party

[dobby41]

we live in a strange world...Before the takeover MET had a sp of around $4.5 and the whole world was saying that the sp is undervalued and the board even commenced a share buy back for about $30M(if i am right)...

Fast forward 8 months the sp is tanked at $3.40...seriously???

You think that's to high still?

[Cyclical]

You think that's to high still?

I don't know but OCA is suddenly looking expensive...

[dabsman]

I am buying a few. Bought back what I sold a $6.90 anyway

[BlackPeter]

I don't know but OCA is suddenly looking expensive...

You need to compare that with OCA at 40 cents or so. Special's don't all come at the same day ;

[King1212]

Me too...$3.30....better than any other retirement sector....

[Scrunch]

... no doubt another take over offer for this obvious takeover candidate is right around the corner.

That will depend on what international financial and investment markets look like. My recollection is that takeover activity normally builds during the economic cycle and decreases during recessions. If so, an alternative takeover is less likely... but still possible.

A lot of companies are raising big amounts of equity so this is going to gobble up a lot of cash that is looking for an investment market home. There's also a lot of companies now trading at a lot lower price than previously, so the candidate pool of companies with knocked-down share prices is a lot larger.

I think if you are buying this one at present, its because you think it gives good value for money exposure to the retirement sector, not because there's a potential takeover around the corner to save your bacon.

[Cyclical]

You need to compare that with OCA at 40 cents or so. Special's don't all come at the same day ;

Well, if you're comparing NTA's then the equal of OCA@40 would be MET@<280

[BlackPeter]

Well, if you're comparing NTA's then the equal of OCA@40 would be MET@<280

Well, in this case we better wait still a bit before we back down the truck :

[Cyclical]

Well, in this case we better wait still a bit before we back down the truck :

Looking at the number of people trying to back out at 330 and the relative lack of depth, I wouldn't be too surprised to see it at sub 3 bucks today.