Monday, March 09, 2009

Genentech = $95?

Rumors are swirling that Roche (Ticker: RHHBY.PK) has increased its bid for Genentech (Ticker: DNA) to $95 per share. I was fortunate to load up on more shares of Genentech this morning in the $89 to $90 range. This has turned into a decent arb play and at this point I have to admit that I'll take the $95 per share. I truly believe that Genentech is worth $100+, but you can't win all the time. Roche just stole a great company!


At June 12, 2010, Anonymous Finca Mallorca said...

SO true, it probably is worth a hundred dollars, but 95 is fair enough.


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