GREY:MSTUF - Post by User
Post by
RonaldCalmon Feb 05, 2017 12:26pm
189 Views
Post# 25801740
Buyout Price
Buyout PriceJust returning from the Vancouver Outlook conference. I spoke w Jeff Olin, the head of Vision Capital, regarding the Buyout price. Jeff's opinion is that the price is undervaluing the assets. More candidly he stated that the operator is taking a busload of cash and throwing the shareholders under the bus. I was not surprised at his position on the valuation , but was a little surprised by his opinion on the company's principal. As they always teach you in investment courses - you've got to know the management. In any event I would hope the majority of owners refuse the offer price. In this market there are very few places to hide. Why sell this refuge at a discount.