RE:The next step
I don’t know Litex. Frankly I’m a little battle weary,- as were Alexander’s army. They just wanted to go home when they arrived at the Indus. EFR has already carved out a pre-eminent position in the U. S. space, and they accomplished that in a “positively down market”. At the time, you couldn’t really sell anything and “the all stock transaction” (in lieu of cash, seemed to be king.) I honestly wonder whether a repeat of Strathmore is possible now. It may be more competitive and expensive to mount these initiatives. Besides, if you’re too big you just run amuck of the regulatory authorities. Their current size may be quite sufficient for competitive purposes and give them plenty of advantage as it now stands. Are we not getting a bit ahead of our serlves? As it sits now, EFR looks good for developing lines of credit etc. or even attracting takeouts. I like where they sit right now.