RE:RE:RE:PIPE Stock price today is $2.24 but.. Well perhaps the BOD has been listening too much to Nuttal and feels that nat gas has become permanently impaired . Which curiously is contrary to a reversion to the mean trading strategy. I thought that such high priced talent as comprises Pipe's board would understand that.Furthermore , I presumed that they would understand that corporate size is only very loosely related to company profitability. Forget for a moment about share price. For cash flow rich companies they can now up share prices via buybacks if necessary
So in the final analysis , what does the BOD see in this very ground shaking transaction that so many of the rest of us fail to see ?
I am very much looking forward to their detailed thinking. Will we ever gat it ? Based on what I have seen so far ,probably not !!