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Tuesday, August 25, 2009

Harmon block trade after the close

875,000 share block at $29.15 raising $25 million for the company, by Credit Suisse.

Anyone find the irony of that?

Christoper Ceraso, from Credit Suisse, said in Barron's this weekend that the stock was only worth 18.

So much for that analysis!

And now HAR has $25 million more in cash, and an increase in book value of 4%.

What say ye shorts?

Is the noose tightening?

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