Walks like a duck, quacks like a duck, it’s a ….

Walks like a duck, quacks like a duck, it’s a ….

The toy fair does not officially open until tomorrow but that doesn’t mean there is nothing going on in our wacky world. So, let’s have at –

1. Late yesterday afternoon Tandem announced a private placement of convertible notes. We were slightly baffled by this move as other than generating fees for the investment bankers why do this. The company still has plenty of cash on hand. Best we can tell there is nothing serious going on here and no reason to believe Tandem is up to anything.

2. Novo announced headline results from the FLOW trail which according . . .

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