RE:RE:RE:Reality Checkbabedinkleman wrote: Loss of confidence or loss of patience is never a good thing in the market. There is little reason to buy the stock right now....so any selling is not met with buying. Management is good....but they are clearly unable to do whats needed to do to 'diversify' the company. I say break the company up.....if they can't do 2 decent deals a year....which they apparently can't... part the thing out. $2.42? I'd say that's a steal but at this point it may not be....
I tend to agree with this assesement. I think both management and the investor community would say that a deal announcement was expected, at latest, by end of June - and we're certainly well passed that and it's pressuring the shares.
I do find it interesting that management has been noticably tight lipped about progress though. Reading between the lines, I'd guess that they were probably pretty close to something (targeting a May/June annoucement) and complications came up. But that deal may still be live, and given compettaive advantage concerns, management has to be extra dilligent in terms of what they say. That said, I do not think this is a situatoin of no deal prospects, at least not ta this point, otherwise the board would not continue to approve the dividend like they are.