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Old 01-05-2013, 09:31 AM
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stylinexpat stylinexpat is offline
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Location: Between California and Asia
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Originally Posted by Paul335i View Post
I look for companies that are targets for takeovers. I made a killing on Metro PCS. I currently hold Leap Wireless (LEAP) in my portfolio. There are rumors that it may be bought out.
That company has $2.7 billion dollars of debt. Company stock is valued at roughly $535 million dollars and that is roughly at today's stock price of $7. Their debt is roughly 4 times stock value on market. od=BOL_hpp_dc
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