Yah.....I think they made the purchase a little too early in its
timing....
But then again....since it is deemed 'long-term'
investment...and since a perfect timing is almost impossible, I
dont really know what can be concluded from it...
And thanks for posting the link as a correction...saying 5m is
sold....I told you the first article is unclear and
inconclusive.
Meat Pao.
Do you have a basic degree in finance and economics?
Then as a layman, how would you know the right timing. Does a
plumber know what medication to prescribe for various ailments?
From the onset, lots of people already know it was a bad
purchase. If Temasek were smart enough, they would have waited till
end of this year to make the purchase, it would have been alot
cheaper than what they paid for.
I already knew it was a bad buy in the first Merrill Lynch
thread. It's just that stubborn leaders like LKY and his cronies
don't see it and insist on plunging billions of dollars on sure to
fail investments.
Posted 20th Feb 2008:
Don't count your chickens before they are hatched,
Temasek is tied down in the investment for a year, meaning cannot
sell off the investments till a year has passed. The shares was
sold at a discount (so obviously the share price will be above
discounted price) to Temasek, close to 2 months have passed and the
share is still trading $50.39 (yes, since you last posted 2 hours
ago @ 9.58AM the share price has dipped $1.07). Maybe if you had
posted this immediately after Temasek bought over, the shares of
Merril Lynch would be trading around $53, which you can claim that
Temasek made a worthwhile investment, because the shares was sold
at a discount. The share price is on a downtrend, not an uptrend
since Temasek's purchase.
Temasek will buy $4.4 billion worth of Merrill stock with an
option for $600 million more by March 28. Merrill gave Temasek a
discount partly in exchange for a lock-up agreement that keeps the
investor from selling shares for a year.
Source: http://www.cnbc.com/id/22395384/
Anything can happen in a year, if the US recession becomes a
reality (which I most often think it will), there will be
more job losses and defaults on mortgages exacerbating the
already traumatised financial sector.
http://politics.sgforums.com/forums/10/topics/308186
Meat Pao, just because you are deaf and blind, does not mean
everybody else share your attributes, you can only speak for
yourself.
