riski wrote: Without question, the acquisition took many by surprise. The market is not in the mood for acquisitions like it was in the 2000s or even 2010-2013. So there was going to be shareholder churn and that was discussed by many including myself on the day of the announcement.
It's hard when the share price goes down, and we are hitting some lows today, but the value of the company has not changed and in fact is far more valuable after the acquisition than it was before.
I've been through so many mergers and acquisitions as a shareholder and the pattern is almost always the same. It doesn't matter what kind of mood the market is in, a deal always catches a certain segment of the shareholders by surprise and they sell without consideration or more weirdly, sell on a day like today, well after the announcement when there should have been time to figure out the value of the deal. It seems a lot of people get caught up in their emotions.
In the long run, value always reigns. There is lots of value here. Savvy investors were buying today, I can assure you.
HighOctane89 wrote: I'm sure that's what they all told each other last time when a stupid purchase took bte from $50/share to 26 CENTS . Oddly enough , that's when I first got interested in the "recovery" story .
Honestly riski , if I had a spare billion or 2 I would buy the company outright , fire Greager and sell off the parts . Assets alone are worth twice the share price , LaFehr had integrity and you could trust his leadership . When a CEO goes on the record and flat out lies to the investment community , that company will pay dearly as you have witnessed .
Greager must be a liberal because he sure loves to spend other peoples money without regard for the consequences , remind you of anyone else ?