Hi Paul,
I recently had mr2 shares merged with Vocus.
Is there any reasons that VOC continue to rise even though their yield is only 2% approximately?
Should I take profit on the offer now, or is there continued upside to the share price to any particular level?
A: Thanks for the question.
The 3 major brokers who cover the stock have buy recommendations on the stock, and the consensus target price is $8.87.
Like you, I am a bit surprised at how well Vocus has done.
While there is an old adage in markets about “letting your profits run”, there has to be some execution risk with the realization of the merger benefits, so I would probably be inclined to take a profit or two.
Hope this helps.
