RE:RE:RE:RE:RE:RE:RE:Vote AGAINST the Privatization I sold back in November from personal preference of not holding after buyout offers. Those are my own thoughts as someone who was a shareholder through these events.
On potential buyouts I have had slight upside holding, sold before a slightly higher offer, and times where the deal did not occur with the price dropping.
These press releases can be influential however management is acting far from horrible or against regulations. They did not purchase at a massive discount and they sure could have forced this into a rush sale. Hypothetically management could have made a decision pre-bicycle boom for less than half of the buyout price. That would be a bad faith offer.
McRambus wrote:
Defiance2050 wrote: I averaged down and excluding my March purchase had an ACB around $10. Decided to listen to what analysts are saying about potentials for SP to drop. Sold at 15. I wasnt convinced about how drastic SP increasing because of bike sales. Juvenille on the other hand has not done as well with store closures. E-commerce growth may not continue at the same rate.
Tariffs, big customer bankruptcy, higher costs on foreign exchange. Cost restrictions from suppliers. Who knows what issues that Dorel has 0% control over (other than moving production).
Uncertainty brought SP from 40 to 1.30 and from 1.3 to 15 in under a year.
Best of luck on the vote but I do not think anyone comes in to purchase the whole company at a higher price. Voting family did not want a partial sale.
So you let them scare you out of your shares. Management now using press releases loaded with fear to get minority shareholders to tender while manegemnt is KEEPING their shares and INCREASING their stake in the company. This is a special kind of low.
If business is so uncertain why are they INCREASING their stake and desperate to get this deal rammed right through at the CHEAPEST price possible?? Actions speak louder than words. Business is actually booming and will continue to boom as people shift lifestyles. Cerberus has $40 BILLION assets under management enough means to pay a fair price. Vote AGAINST this proposal.