Tuesday, August 21, 2007
Fly Buy: LNN
I bought 2,000 LNN @ $39.25.
Disclaimer: If you buy LNN because of this post, you will spill boiling hot coffee on your fancy pants. And, you may lose money.
Disclaimer: If you buy LNN because of this post, you will spill boiling hot coffee on your fancy pants. And, you may lose money.
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I can't explain why, but I'm concerned that the golden bear is still being displayed on that 11:24 post.
LONDON - Rumors that the luxury hotel firm Orient-Express is up for sale have been milling around for the past few months...But as expectations of the global private equity buy-up boom recede, the company could fall into the hands of British property billionaires, the Reuben brothers.
According to press reports in Britain, David and Simon Reuben, who rank 177 on the Forbes list of billionaires, and are worth an estimated $4.5 billion, have upped their stake in the group to 5% and may be considering a bid for the company.
According to the Times of London, which did not name sources, the brothers were considering allying themselves with Lord Marland, a former treasurer of Britain’s Conservative Party, to gain control of the company for an estimated $3 billion."
Does that make any sense to you? OEH closed today worth 2B. A 50% premium? Hearing any word out there?
According to press reports in Britain, David and Simon Reuben, who rank 177 on the Forbes list of billionaires, and are worth an estimated $4.5 billion, have upped their stake in the group to 5% and may be considering a bid for the company.
According to the Times of London, which did not name sources, the brothers were considering allying themselves with Lord Marland, a former treasurer of Britain’s Conservative Party, to gain control of the company for an estimated $3 billion."
Does that make any sense to you? OEH closed today worth 2B. A 50% premium? Hearing any word out there?
Check out this Forbes Article.
Supposedly references LNN, but it's actually Lindsay Lohan, with the LNN ticker jammed next to her name. Bizarre.
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Supposedly references LNN, but it's actually Lindsay Lohan, with the LNN ticker jammed next to her name. Bizarre.
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