mwekez@ji wrote:The takeover will do all KK good (save for some employees). Without the takeover and the profit warning plus dim outlook without Puma, things will be bad (all brokers would downgrade their valuation of KK in a big way). #Puma is the only anchor preventing the share price from drifting downwards. #Re-look the books + warning and you’ll affirm that
Remove puma from the picture. what do you get?
A well run firm that has had a bad H1 2012, that had an earth shattering year last. projected earnings for the next 2 years are very good. EPS of +2.0.
If deal falls through, of course the share will take a serious plunge.
After that i will buy more by the bucket load.
But this deal is so on.
Truth be told buying now is speculative.
The investor's chief problem - and even his worst enemy - is likely to be himself