RE:RE:RE:RE:Earnings vs EBITDA (for Mephisto)Hard to tell with M&A and the timeline. We have multiple offers already and the press release was done on purpose to generate some buzz (do not believe it is required by securities law unless an actual LOI was signed). So if you get one private equity player coming in hot with a large premium, this will close fast, otherwise I don't see getting any updates until the next earnings release.
I think a longer process will just benefit shareholders in the long run. Management already knows what the October results are like and in 2 weeks, they will have the results for November as well. So if the BoD has indications that marigns are higher and revenues are strong.. they are better off to delay it out to allow the stock price to naturally recover anyways when Q4 results are published. No sense in selling at the low.