RE: It is very obvious now...... I hope you are right. I actually like the deal because of the production and credits. This is the type of stock that one day the market will wake up and share price will go up swiftly. If JEC could of got $3 - $4 a share, I would of jumped at it. Lets see what happens, Ithaca has purchased more diversity and are now a mid-cap player.
My calculation put them at 3.50 a share as a fair price, but I like your 6 dollar value better :>.