Vincor has taken its poison pill off the table, figuring that the shareholders will reject the current offer from Constellation Brands ($31). Current closing price is $34.80...look for Constellation to make another bid, paying a premium (20%?? - $6) over the current price. Of course, being the holiday season, this Q will show the numbers to support $40 or $41 offer price from Constellation (just a hunch...).
Stelco is still without a plan, with a current vote expected tomorrow. The only thing that will get everyone on-board will be another $100 million from the government...will they cave and give in? Maybe there is a creative way the government can come to the table, given the incentives coming down for the Big 3 auto.
RIM, closing down to $78.88, I still support the $62 target...
Disney is another up and comer to watch...stay tuned to see what happens with Pixar, and the lineup for the movies for 2006. They are off to a good start...look for earnings to beat the street.
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