GREY:NOVUF - Post by User
Comment by
nlr2on Mar 16, 2012 1:55am
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Post# 19679184
RE: What will it take to move NVS?
RE: What will it take to move NVS? Hey,
I don't know if you get Dave Pescod's newsletter but he interviewed a guy on the board of Novus and he said that some people had kicked the tires but no formal offers. He also said that using the metrics of the Compass acquistion that the value would be about 1.60. I think this is quite encouraging and realistic and for me personally I would take that offer in a heart beat.
Raging River is being spun off right away so that will add some excitement to the play. I think the boringness in the stock is much like the play itself. Not exciting, just consistent and very economic. No huge IP's though to get one day pops. I think in the end it will be a bit dissiapointing because their is so much upside we won't get to realize but at $1.60 some company has got a real nice acquistion and I would imagine most people on this board would have made decent money.
Slow and steady,
NLR