Wenzel Downhole Tools Ltd T.WZL

Lowball buyout Offer at $2.25

[riverrow]

Nice deal for the buyers at $2.25, less than 8x trailing earnings (I'm ignoring the $18 million payout in 2012 for the lawsuit they lost, a onetime event).  That gives the buyers a 12.5% yield on their investment.  Who elses or where else can an investor get that?  I think a 10x PE is more realistic and the buyout offer should be bumped up to $3.00 a share.  GLTA.  Cheers.

[rltchk]

You are right... just check the link below about ISS (Institutional Shareholder Servers) which gave the buyout a recommendation: A key quote in the post (which mentions ISS) is: "Proxy advisory firms have no duty to make voting recommendations in the best interests of shareholders and have no financial interest in the companies about which they provide voting advice," the New Jersey