guru267 wrote:VituVingiSana wrote:Seems Puma [like many other investors] are taking a wait & see approach. It makes sense to wait it out until after the elections just in case a few stations are destroyed, etc... Let's hope it does not come to that but better safe than sorry. Plus the price might drop if biwott decides to cut & run!
@VVS you can't really still believe this deal will go through??

#Delusions!
My delusions. I am a Buffettian so even if there is no (speculative) takeover, I expect to make money. I do my research, take a position. And wait. I buy more when prices fall [classic Buffett strategy] as long as core fundamentals remain similar.
I did the same with a stock which many dismissed (or thankfully were not interested in)... I kept my cool, waited... [2 more years than expected coz of PEV 2008] and I am very happy with the results. Sold some. Now re-deploying the cash by looking for more KK now that the price has fallen below 13. Happy Days
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett