RE: Anyone for take out?IMO it is not the right time for a takeout, assuming that the year and 2012 outlook proves to be real. If the share price gets north of $2.50 then management might consider it but until then realized fundamentals should drive the share price higher as we get passed Q2 and 2H reporting (again, assuming the growth in revenue and earnings is achieved with significant operating leverage). In the meantime it could be a choppy ride, but as we've seen before the stock could suddenly go significantly higher with little warning (recall up 50%+ in only 3 trading days earlier this year).
HEM is selling off lately along with RAVN and TRMB and I suspect the recent noise regarding potential GPS interference from the LightSquared increased spectrum request is the reason (and some questions about planting progress due to flooding). FCC would never allow GPS interference to occur, so likely to see a formal study that either proves no interference, or if interference then a rejection of the LightSquared request. In the meantime though it is negative noise on the GPS industry but those in the know think there is no chance of any real threat happening. Net, net a great time to pick up some cheap HEM shares.