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5 Day -1.70%
15 Day -7.34%
1 Month -35.58%
3 Month 5.69%
6 Month -7.34%
1 Year -57.20%
As of: 11/20/09
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Member since: Oct 07

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Recycle: Trade Notes

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Bought to Open 10 contracts of NJS AB at 0.42

Recycle posted on 09/12/08 at 05:29 AM (Note posted about 8 hours after the trade)

Trades | Notes | Blogs

NJS AB 0.01 0.00 [0.0%]

Trades | Notes | Blogs
Users Bought (30 Days) 0 (0%)
Users Sold (30 Days) 0 (0%)
Market Cap 75.79M
52-Week High 0.32
52-Week Low 0.01
10 Day Volume 4.71M
P/E -0.01
EPS (Trailing 12 Mos.) 0.0
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Bought to Open
Symbol: NJS AB
Quantity: 14 contracts
Price: $0.40
Value: $560.00
Stop Order: No @ $N/A
Target Price: $0.00

Come on. Share price is one thing, but a buyout still is going to be based (at least to some degree) on book value!  Book value around $30, with a $5 a share loss projected in Q3 gives us a $25 book value.  Anyone think a 50% off sale is fair for such a distressed company? Still puts us at $12.50 a share.

 I'm in for a ride... either way...

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Posted by Recycle on 09/12/08 at 05:29 AM

Tag It | 1 user tagged it: NJS AB, option, buyopen

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Haymore

Member since: Jan 08
5 Day -1.11%
15 Day 1.09%
1 Month -13.27%
3 Month -4.82%
6 Month 6.39%
1 Year 14.00%
As of: 11/20/09
How is this calculated?
Trades 781
Trade Notes 36
Blog Posts 25
Semi-retired business owner
Age: 60's
Arizona
Haymore
Posted September 12, 2008 (06:09AM)
The Koreans did some due diligence on LEH and did not like what they saw.  Book value is probably overstated greatly based on what mortgage bundles are currently trading at.
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