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SWHC Buy Back/Tender Offer/Non-mandatory Reorganization (Thanks for nothing...)

Posted on 6/21/13 at 3:35 pm
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38723 posts
Posted on 6/21/13 at 3:35 pm
Whatever it's called...

Anyway, it's trading at $9.64 and they have offered $10/share on the buy back.

What should I do? It's a good offer considering what I got in for, but I wasn't planning on selling anytime soon. It touched $11/share a month or so ago I think.

What is your experience with these? What happens to the price usually once the window closes or they reach their buy back amount?

I'm leaning towards just holding it, but I would like some advice.
This post was edited on 8/5/13 at 4:44 pm
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38723 posts
Posted on 8/5/13 at 4:43 pm to
Seriously, thank y'all for not responding! I was considering accepting the offer...

Trading at $13.23 today.
Posted by rickgrimes
Member since Jan 2011
4178 posts
Posted on 8/5/13 at 6:48 pm to
I had set a limit order to $10 after watching the stock sputter along at $8 something. Then it popped the day the earnings hit and sold all my shares for $10.02 before I could do anything. 3rd time this year the limit order has fricked me over. Never again.
This post was edited on 8/5/13 at 6:49 pm
Posted by beaverfever
Little Rock
Member since Jan 2008
32642 posts
Posted on 8/6/13 at 7:09 am to
I bought in a few times in the mid-8's.
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