Ben ChengDaylight Energy LtdDAY.TOHOLDJul 14, 2011
There are several good things happening here. Appetite for risk has pulled back substantially, so good companies like this have pulled back even though the commodity prices have held in well. Worth substantially more than what it is trading at now.
(Top Pick Jan 27/11, Up 7.62%) was taken out by a Chinese company. Didn’t predict it but clearly it was the smallest of the group. There will be more of a trend of this happening.
Being acquired by Sinopec International. He has tendered his holdings. When is a bid on the table and not likely to have counter bid, take the money and run.
Stock shot up when Sinopec Int made an offer to purchase at $10.08. If you own, he would suggest you take your money and run. There are still some regulatory hurdles.