RE:RE:RE:Reallynedstar71 wrote: You'd almost think that here below 3 would be a decent bet. But who knows what's really going on. Earnings will probably disappoint and I can't get past the idea that I don't trust whatever due dilligence former management did on the two large acquisitions. How reliable are financials from a private Indian company? Likely no issues, but I don't have the confidence that former management did a deep enough dive to really know. It's really ashame they didn't stick to XYZ North American companies. Share price would likely be north of $5 even with all the noise. As it sits this is could have an event that either drives the share price to $4.50 or to $1.50. Spicy! Will watch from the sidelines for the next meatball.
Very well said. The TradeX debacle alone is proof positive that former mgmt was easily bamboozled. Remember that Phil sat on the TradeX board ffs. There's no reason to trust their diligence on private acquisitions of complex international businesses. Paladin brought them these deals and likely also provided the biz analysis. Still amazing that Paladin popped into existence just in time to land these epic deals --- and no others:
https://www.paladinprivateequity.com/investments
Waiting patiently for the Q4 report. Between legal expense, TradeX writeoff, and Capital A markdown, it won't be pretty. Looking for signs of life in the two major businesses, and some indication that adults are now in the C-suite. Among other things they need to: address prior mistakes, provide transparency on the Mithaq mess (along with a viable path forward), articulate a plan to properly finance Tufropes, provide realistic guidance for the acquisitions and set expectations for long-promised capital returns. They won't survive the AGM if they can't show that things have changed.