RE:RE:NEWS: AgJunction Announces Facilities Consolidation...KerBer wrote:
Seems all we have been doing for the past few years is shrinking, shedding various parts and reducing until we are becoming a one trick pony. Maybe it's time they deployed their cash to make an acquisition that will help us increase revenues and lessen our dependence on one main buyer and one product. Oh, and maybe look at thinning out the ranks of upper management.
I disagree. Just sell the company. AJX should be the acquisition target and not the acquirer. This company has a zero success rate of making profitable acquisitions. The shareholders always end up with the short straw. They have the wrong management. Management does not know how to properly run a public company. They have not created excitement in the investment community.
Obviously they have some form of steady (small) business. I think if you elimiate most of the upper ranks the small business is quite profitable. Hence as a tuck-in acquisions they should be a juicy target. I'd be happy to cash out between $1.00 to $1.50 per share at this price. I think there would be no resistance with an all-cash offer in the range of $1.20 easily.