RE:confusing dealsupermercado wrote: 1..... Firstly, this is a public company, if they actually did get bids, Intertain would be required to disclose from who and how much.
2......Im confused because these margins seem absurd, are these guys such strong operators that they took non-growth assets and turned them into superstar assets so fast? In the face of a clearly declining industry nontheless.
I have to set the record straight with all your rant.
First of all, you are clearly on the short bandwaggon, which is not a problem. Althought many of your assesment are plainly wrong.
1.... The company has an internal deadline to receive a bid and, after that deadline, they will present the offer to the board. The board will take a decision on selling the cie or not depending on the offer. At this EXACT time (when the board decide to sell or not), everybody will know.
2.... Global casino game and bingos is NOT a declining business, in fact it is growing at a rapid pace around the world. Don't mistake it for poker who is a stagnant business.
I won't go in detail on all the presumptions you made on your tirade but the only thing I will agree with, is that the management took unjustified amount of money for their previous acquisition. They are still majors shareholders, and very good operator, so good luck with your position.