RE:NO BUYOUT NO BUYOUTThe buyout talk is probably not ''nonsense'' and it could still be on the table. We don't know yet. However, you're right that the 50$-58$ CAD supposedly offered price is absurd to begin with. If it was in USD, then maybe it would be considered. Like I said before, management would reject 50$ CAD outright since they know how much the SP is manipulated. 50$ CAD would be a very cheap price based on any forward multiples. If they have a shred of confidence in their ability to run this company, they won't sell it this low.
The recent guests on BNN who were asked to give their opinion on CXR all said to buy it on fundamentals and that it was cheaply priced as of now however you look at it. It seems Mr. Zechner has the same opinion and is willing to invest his clients's money into CXR.
We'll see how things unfold in the coming days. I'm impatient to get past the Brexit vote and also to see the next short report.
GL
regardless wrote: all the buyout talk was nonsense...
its debt is more than manageable
it was a good stock to buy in on the cheap and hold for 6 months to a year
the strategic review had nothing to do with a buyout.....at least not one for less than 75$ cdn,....
if the debt is not an issue like bnn said...then why not continue on