Vote NO to Privatization
DO NOT vote in favour of managements cockamamie plan to allow and even help Cerberus steal the company from under our noses. The $14.50 Bid is WOEFULLY inadequate and is actually preventing the shares from moving higher. This is by design, for whatever reason management wants the shares they don't own to be sold at this discount...while they KEEP their shares. Speaks volumes. The high was $15.95 after earnings were released. This would be already closing in on $20.
The pandemic has changed the fortunes of this company possibly for many years. Bike sales worldwide are booming and will continue to boom. The way people move around is changing and cycling is the big beneficiary as people avoid crowded busses/subways. Their furniture business will also do well as people build home offices.
Cerberus is worth billions and has the means to pay a FAIR PRICE for the company. If you want to understand why Cerberus wants to steal the company from you just watch this video. VOTE NO..
https://www.cnbc.com/video/2020/12/08/how-covid-bike-boom-could-change-us-cities.html