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Nordion Inc NDZ



NYSE:NDZ - Post by User

Comment by thinkyourmoneyon Mar 31, 2014 11:13am
329 Views
Post# 22389995

RE:RE:RE:US$11.75 per share

RE:RE:RE:US$11.75 per shareThere is only one scenario where this price may make any sense.  There was a recent buy of another stagnant Canadian company by a foreign buyer.  It was also sitting on a mountain of cash.  I am referring to the sale of Canada Bread.  During the sale process there was a special dividend of $8 per share shortly before the sale was approved by the government. The only way that this offer is remotely reasonable is if the $319 million in cash I mentioned in my previous post is dispersed amongst the 62 million shareholders...that means roughly $5 per share.
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