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Stone Fox Capital graduated from the University of Tulsa with a double major in accounting & finance. He's been interested in the stock market since college and began managing investments for friends and family more then 10 years ago. He now has a goal of starting his own investment firm -... More
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  • FCStone Trading Above Takover Price 0 comments
    Jul 31, 2009 05:03 PM | about stocks: FCSX, IAAC
    After closing up 8% today following a nearly 10% gain Thursday, FCStone (FCSX) is trading at $5.59 which is above the $5.25 price of the takover offer from IAAC (.295 shares at $17.8). Somebody clearly thinks another bidder is lurking. While this could be good short term for the FCSX stock, I'm not sure it would be all that great long term. Any new bidder is likely much larger and would dilute the shareholder much more in the new structure. The current offer while not that exciting to existing shareholders from a premium at least offered continued participation in a dynamic, growing company. One with better capitilzation to help grow the FCSX client base.

    Monday could be interesting. My best hope is that IAAC has to up its offer.

    Disclosure: Long FCSX
    Stocks: FCSX, IAAC
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