RE:RE:RE:RE:RE:RE:RE:Why we bought TEI ...
It's definitely poor performance. I was thinking more along the line that if Bill thinks that buying another company at one times sales is a good deal, it stands to reason that others should be looking at TEI thinking that TEI represents a good deal now that it has been beaten down to one times sales.
They will certainly have to do something with the share price if they still plan on doing an acquisition. Issuing shares when TEI is trading at one times sales to buy another company at a one times sales valuation doesn't seem productive. It could boost the top line, but it wouldn't do anything for the shareholders. The pie would get bigger, but they would be cutting it into more slices.