RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PJYou're most likely right on the pressure that's on MT. However, try to be in PE's shoes right now. Would you pressure your CEO to accept a low offer because of market noise ? They're smart negotiators and if anything, they're using this to their advantage to lower the offered price knowing full well that this is just a short-term problem. It hasn't even been a year since the AmCo deal. Come on now.
There's no doubt that it's better for the company to go private right now, but at the right price only. Believe me, CXR is not the first case of short-and-distort, nor is it the first case of targeted attacks via the media. There are numerous instances where it happened to a company and it prevailed anyways. I wouldn't worry so much about it. And don't forget, if all it takes is bad news to make the stock plunge, more often than not, all it takes is good news to make the stock go up again.
GL
terminator007 wrote: yes, CNInvesting my original post was not intended for you.
My point to mention those P/Es because it is one of ways to evaluate the co against the sectors and peers. You need some reference to look at, in terms of what the co potertially earn going forward. I'm sure private eqs look at internal data as well b4 making any bid.
I also think MT has internal pressure to do something. Coupled with debt, priceing issue and a huge SIR, I think the co is better off going private. It is very easy to keep investors away from a co, just spread a rumor and that is what has been happening here. They will keep doing it, beleive me.
But I'm just the other guy to state an opinion :-)