Blackberry (Nasdaq:BBRY) looks like a take-over maybe this fall. But wait a second. Take-overs are at a premium. What if the market corrects sharply in the fall. It’s happened before. So how do you squeeze the last penny out of the offer when everyone else is fighting off margin calls.
Black Swans and the Law of Unintended Consequences may rule.
George Gutowski writes from a caveat emptor perspective. Follow him on Twitter @ financialskepti