TLM update

TLM dec 12 2014

So it looked like a buy on December 1, just a fraction above $5 but with the comment that it had a little further to go. So, if you did buy it <$5 you should wait till it gets to at least $7, $6 is too low. One rule in Mergers & Acquisitions is that you should seize the moment in a very opportunistic manner but, at the same time, pay a little too much as you will have to live with the victim or its shareholders. (Think Bear Sterns and JPM). In that context $7 is a bare minimum, wait for it.