RE:AcquisistionInteresting. I think people on this board expect more from our share than $4.97, however, we are vulnerable, being frustrated with the poor performance. An all-stock deal is a must, which is what you are offering.
The best scenario would be for Terry to make the formal offer publicly, and as a result, CR's shares would get rerated at a higher price. Whether it happens or not, who knows. Keep in mind employees, directors, Equinox and Canoe own almost 40% of the firm.
When Crew sold its Attachie land, I would have expected ARX to take advantage of it, but that was not the case. I have no idea if they showed interest or not.
That's my take.
Quintessential1 wrote: Hey there! I'm an ARX shareholder that follows this stock and other peers in the sector.
I like Crew. I like their assets and relatively debt free position. I think they are undervalued.
I also like where they are positioned right in the middle of ARX Monteny assets.
I think they are undervalued.
That 5 year plan, while proabably good for the overall company, has been a drag on share price.
That's fine if you want to hold until the end or close to it. It is definately going up IMO by then.
But how would shareholder's feel about being acquired by ARX now or soon?
ARX share price is trading just below ATHs.
CR is trading on the low side below 52 high and 52 week low averages.
So what would ARX have to offer to make it worth you while and check yes on the sell vote box?
Say a 5 CR for every 1 ARX share trade?
That's about a 17% premium as share prices stand now plus all crew shareholders would get an instant dividend of .68 per year per 5 shares or about 3.2% annually with dillution.
On top of that you become a shareholder in a very solidly managed company with extremely good growth potential.
Am I selling you? LOL
Just something to pass a bit of time and explore an avenue that I have been considering.
Let me know what you think?
And whatever it is and whatever happens GLTA here.