RE: RE: High/Low The economy is turning around , I can't see how we couldn't be close to a bottom even if oil comes down . The American economy is growing not declining , at a slow pace sure but its growing . China is still suppose to be at a 7% + growth rate .As long as we can keep some of the fear out of the market and no Black swan event, it will gain more traction. Look at the valuations for this company that is expanding earnings and margins. Compare it to other oilfield service companies and others on the broader index .
As for a buyout I don't see why that wouldn't be a great move for a larger company to come and pick up TCW at these levels . I am sure management is aware of this . I compare this to Flint (FES) that I work for . A year ago I was talking to upper managment about the share price and how it had fallen so much . The company was not near as profitable as TCW. The one quarter was a pretty significant loss . Their reply was that they are still extremely cheap compared to future earnings. As growth in the company would continue the share price would follow . They recently got bought out for 70% premium . Now after the merger not much is suppose to change on operations of Flint . All of upper management is suppose to stay in place and its suppose to be work as normal. Flints managment stated in the company wide briefing that the merger was largely due to increasing shareholder value . And that the aquisition by URS crop made the division of Flint stronger and more secure going forward .