Property and shares should be the same game - long term, quality (location), ignore short term gyrations and both offer tax free capital gains in NZ.
They are different however because with property, investors and homeowners feel they are in control - they can see, touch and manage the properties directly. Plus, there's little market noise unlike shares which can gyrate around day to day! Difference in favor of shares - liquidity.
Takeover of PEB?
I cannot recall posting about PEB as a takeover target in recent times but certainly that was my belief 6 years ago when PEB started reporting the various 'deals' they had done in the US. Nothing happened as those 'deals' went nowhere!
The big pharmaceutical firms look for opportunities like PEB once their products are proven in the market place - a lot easier to acquire said companies & their products to bolt onto their strong and huge global distribution base, than spend big bucks attempting to come up with said products.
So yes, PEB is vulnerable now they have CMS & KP on board - and will increasingly become more attractive when they land more deals. More vulnerable to takeover too if the sp does not reflect the company's true potential.