RE:RE:RE:Go private?With due respect, MrDirtySanchez, the way I read your telling the history of this company make one wonders - the NHC management has been using the company as a cash machine to deflate and inflate the share prices to reap the biggest profit of it all. Hope it is not your intention but it does read like it since 2007 until now. Correct me if I shave misinterpreted.
MrDirtySanchez1 wrote: i agree with Kisu in that going private is not the motive...it is shedding unnecessary expenses and to move away from the TSE where it's less regulated against shorts/volatitity.
as for pushing out current mgmt in favor of a team brought on by PE, if you go back to 2007, current mgmt took the stock almost to $20 cdn and then sold/left the company. sure enough, the biz folks took over and ran the company into the ground where kramer and the same mgmt group bought it back for pennies on the dollar. then in early 2010/2011 they started turning around the company where the sp went down to pennies. 2015, they listed on the NYSE for $9 USD/$11 Cdn. that's pretty impressive. i don't think mgmt hasn't been perfect the last 1.5 yrs and made a few self inflicted injuries, but overall, who could have done better? fleming gets a lot of the blame but he also has been the chief architect for the turnaround, by far, more so than kramer or anyone else. i think this is a huge positive for shareholders to delist from TSE.
Kisu wrote: On the one hand you say management is making bizarre decisions because they plan to go private and you are also saying that once that is done they would do well to fire themselves because they can't run the business. And you claim that would benefit long term shareholders. But wouldn't insiders be buying if shareholders would benefit from going private? Insiders haven't bought a nickels worth. I do not think there is a plan to go private. They simply want to get rid of dealing with the Cdn market listing requirements.
The bid question is who is selling and why. I still think it is tax loss selling - and there have been a lot of losers in this stock.