Dobby

Why Chicago Bridge & Iron Is Cheap

I believe they've missed analyst's estimates the last 3 Qtrs. It might be oversold, but I'd wait until they get their act together first. Better buys would be ABB, FWLT, FLR or FLS.

JDA's Retrade Is Justified

ITWO recently announced a very good Qtr. JDAS should find new bankers to finance the deal. They certainly need ITWO more than ITWO needs JDAS. JDAS was getting a steal. It now looks like JDAS will stall for 60 days and then pay ITWO the 20 million dollar breakup fee. ITWO will eventually be sold to ORCL, SAP, IBM, WIT or INFY. They will be very tough competition for JDAS in the future. I'd sell JDAS if they walk away from the deal.

finance.yahoo.com/news...

JDA's Retrade Is Justified

It looks like the deal won't go through and JDAS will have to pay the 20 million dollar breakup fee. JDAS got ITWO at a bargain price. ITWO doesn't need to merge with JDAS, but JDAS probably needs ITWO. It appears that JDAS bankers are the ones that are stopping the deal. I believe JDAS has 60 days to finance the current deal or they will have to write a check for the breakup fee to ITWO. IMO, ITWO shareholders will not vote for a new lower deal with JDAS. I bet some top management will get fired at JDAS for the 20 million dollar screw up. ITWO's cash positon and NOLs are easily worth $14.86 a share. The problem is that banks are not lending right now.