RE:RE:RE:RE:RE:MILLION DOLLAR QUESTION?Forget about who sold or who didn't. All that matters is somebody sold and sold
enough shares to drive the price down to ridiculous levels of undervaluation. If
PG still holds great, but no one expects him to keep buying in order to prop
VSR up.
That begs the question, who has been buying all the stock that got dumped
and what are they seeing. I have bought more and some others but Garland
would be the one of the bigger buyers and he has been quite open about
his reasons.
VSR is in an awkward position. Most of its value is tied up in Nelligan and that
is controlled by IMG. So goes IMG, so goes VSR and that is the problem. An
IMG buyout might certainly shake out some value for VSR but those are big
moves beyone anyones control and at this point, wishful thinking. Saying
that I'm wishing and hoping with all my might.
I don't think VSR mgmt has accomplished much but their hands are tied to
a great extent. They've inherited a deal and are stuck with it. IMG is a
slug of a company but is loaded with cash and properties. If they continue
to remain undervalued, I would expect someone to buy them out eventually.
I'm sure they are being looked at as a prime target by others as I post.