Wow Guildenstern The Mrs. Is Not Going To Take CLWT well since I stuffed it into her retirement account! I have a nice basket of Chinese plays though take a look into CHDX.... I thought CLWT swoon was due to picking up 20% of that lint company! Thanks for the tip about slowing business I'll look into that.
The Barrons game has a working component IHG> and as such we have to let that story play out before claiming victory and moving onto another game. Here's the new scoop:
Market Awaits InterContinental Bid
Chris Noon, 12.28.06, 2:56 PM ET
Christmas has passed, but InterContinental's still getting fat. The rehashed rumors of a bid for the U.K.-based hotelier, the operator of the InterContinental, Crowne Plaza and Holiday Inn brands, are doing wonders for its share price.
The company's share price has risen 271 pence ($5.31), or 26.8%, over the last month amid rumors it is about to receive a bid valued at a significant premium to its current share price.
Several U.K. newspapers named several potential predators over the long Christmas weekend, including oft-rumored suitor Permira, rival private equity group Starwood Capital and a Dubai-based consortium.
The company's stock climbed 4.8% on Dec. 22 after The Guardian reported, without citing sources, that InterContinental might get an offer from a buyout firm at a significant premium to its stock price. Expect the share price to keep rising on Friday and after the new year. A 1,500 pence ($29.41) per share bid would value the company at about £5.7 billion ($11.2 billion), including long-term debt.
On Thursday afternoon, Intercontinental, which is the world's largest hotelier by number of rooms and earns more than 70% of its profits in the Americas, told Forbes.com it had no comment on the speculation.
$29 would be oh so nice! Plus I would expect more than one suitor and an eventual bidding war.
Some of the other names to keep an eye on EXAS-
has been moving a bit from $2.25 to $2.83 in the last 5 days or so ($2.40-$2.70 are my build a position zones.) Of Course our Barron's hinted stock of WPSC had a big run of $18-$19.50 sort of angry I didn't go with it- it's come back down to $18.73. And if you happened to catch my flip suggestion into HMIN- well you had a huge week....