Well TPG is hoping many people will be happy for the quick profit but I see it no differently than say Chinclo takeover bid for RioTinto in 2009/2010 when it hit low prices they bid for 40 dollars per share when the Stock fell from as high as 150 dollars (which was overpriced). Anyway that bid took 6 months too process and the company was starting to recover so it Didn't go ahead. I am hopeful that half yearly profit numbers will come out before we are expected to vote on this.
GXL Price at posting:
$4.54 Sentiment: Buy Disclosure: Held
