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Fucking Wrigley

PostPosted: Sun Oct 19, 2008 12:16 pm
by Yari
I don't know if anyone here invests, but one of my favs just decided to sell themselves out. Wrigley sold out to Mars, for $80 cash, way less then it's worth. And now I have cash instead of stock.

I buy quiet companies that make money, not news. This buyout smells like a scam to me. Wrigley was showing record growth internationally.

I love this company, I was up over 200%, I won't be chewing their gum for a while now.

Re: Fucking Wrigley

PostPosted: Sun Oct 19, 2008 7:33 pm
by Junglestud
We are in an age of consididation. MANY companies will merge or fail. Some will be able to carry on alone, some will panic sell. It's a funky market for many things now dude. I have personally watched the price of scrap metals skyrocket, and within the last couple of weeks fall like a fucking BRICK. Thankfully I was not sitting on alot of it when it tanked. Take a look at the last 6 months for scrap steel for example. Talk about a fire sale.

Re: Fucking Wrigley

PostPosted: Mon Oct 20, 2008 1:35 am
by mofiki
hey man on an up note low stock prices for some reason are lowering the price of oil.

Re: Fucking Wrigley

PostPosted: Mon Oct 20, 2008 6:50 am
by Junglestud
Oil was severly inflated due to all the roaches swapping it around instead of real estate after that market took a dump. Now they are getting into currency trading. Great.

Re: Fucking Wrigley

PostPosted: Tue Oct 21, 2008 6:44 pm
by Yari
I like the merger with mars, but this deal was sweethearted. The shareholders of Wrigley get dick shit, the board sold us out.

http://www.news4press.com/1/MeldungDeta ... _ID=381140

Somebody decided to sue! I got my notice in the mail today. I hope goldman hasnt bribed the judges too.