After reading maybe six or eight houses’ worth of calls and deeply expert thoughts on the Tahoe Resources (TAHO) (THO.to) buyout proposal for Rio Alto Mining (RIOM) (RIO.to), this humble corner of cyberspace has drawn three inexorable conclusions:
1) If the brokerage analyst had a RIO.to price target lower than THO offer, it’s apparently a GREAT DEAL FOR RIO!
2) If the brokerage analyst had a RIO.to price target higher than THO offer, we are told that RIO IS BEING LOWBALLED!
3) Therefore we can confirm previous suspicions; analysts are indeed such fucking assholes.