RE: Now what? Below are two paragraphs from another listed company (LOX) which just got taken over. Back in April 2012 it was suggested the company merge, etc with a stronger partner. The exact circumstances may not reflect Futura's situation, but it's interesting nevertheless.
This is in response to Dave Campbell's statement that Futura will be considering strategic investment and combination opportunities. Also that expansion of the business will continue during creditor protection. And this was just a week ago.
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The two paragraphs:
- I understand that the industry the company competes in is intensely competitive, and the company's reluctance to share certain information may be in the best interest of the company with regard to its financial results (its ability to grow and gain market share from its competitors). However, in conducting itself in this manner, the company has conveyed a certain message to its existing shareholders and perhaps alienated itself from new ones.
- I believe the company could ameliorate this issue and continue growing with the help of the right strategic or financial partner. In addition to being able to provide capital to accelerate the growth of the business, I think the company would benefit from substantial cost and revenue synergies by joining with a larger strategic partner. At the very least, the company would benefit from the reduction of public company costs