RE:RE:Likely buyer .. has USD 2.7B cash and trading at 12x EBITDA Gabriel, clearly we strongly believe that now is not the time to have Fluor or anyone buy our company.
Firstly we would like to see the expected backlog to adjust to minimum 12 billion dollars which will signify future revenue accompanied by much stronger margins, therefore meaningful bottom line . Plus there are other expected exciting announcements in the pipeline in the near future .
So without question, we would firstly be thrilled to see the price to effortlessly increase and adjust to $35 - $40 where we strongly feel it should be once a few more key factors come into to play as mentioned above.
All potential suitors knowing all this, may attempt to steal our company at a discount at current price plus premium rather 35$ plus a premium, thus saving them a lot of money!
Today Aecon is significantly different from the Aecon that attempted to sell to the Chinese at 20.37 ! I ( we) should pray and oppose 2024 takeover , it would be sad!!! ...especially now that we are starting to have fun with our investment!!
Gabriel and all have a great weekend!