The end game is to sell out but they may want to do it at a higher valuation. The clock is sort of ticking on them but the company isn't feeling pressured to do something.
More Quotes from David Hendler:
I think he definitely has a shot. It was their goal at the beginning of the season. It would be a real nice victory.David Hendler
The whole game now is just playing the yield curve.
David Hendler
Swiss bank accounts. If O'Neill is waking up and smelling the coffee, things must be really bad.
David Hendler
The brokers have been almost like the old Internet stocks. The stocks have been on a huge ride and they're starting to cool off and come back to reality.
David Hendler
Brazil is still a big wild card.
David Hendler
A flat or inverted curve has been difficult for banks to manage. But if there are associated inflation expectations built into the lower end of the curve, it might make it easier for banks to price loans, so the cost of funds is less than the yield on their assets.
David Hendler
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