Porsche Stock drops on plans to buy 20% VW
 

What's going on.. :dunno:
http://www.bloomberg.com/apps/news?p...Y&refer=europe

LeMansMan:
My opin from the back of the stock picking peanut gallery:

-by "Porsha" picking off that much VW stock and potentially
preventing a takeover or buyout offer, some view that as
not letting "free mkt forces" offer up more than current
share price for VW stock. The cat swallowed most of the
canary...thus, no one can "buy" that canary now.
-Porsche moved to do this before the EU considers changing
the 20% shareholder ownership rule; thus, they are "in" now
at 20 and are majority holder of shares.
-Porsche is not known as shareholder freindly co., and rails a
against more "transperancy" and shareholder rights and thus,
shareholder "value".
-The "Porsche Fam" owns a boatload of stock and more voting
shares than anyone.
-VW is predicted to Lose nearly a billion Euros this year; gee,
sounds like a good buy to me or the anal ists, lol!
-Porsche shares components and the body of TRex&Pepper
and wants to cover it's fanny, but it's an expensive method.
Etc., etc. My 2Cts.
BR,md