Post by
barneyj44 on Mar 25, 2019 7:22pm
What kind of a Moron is analyst Pardeep Sangha?
Let me get this correct, Espial has no debt and $30 million in cash and no need or hurry for a cash infusion
“We previously had a $2.70 target price and believe the transaction price undervalues Espial’s business,” says Sangha. “The company has been undergoing a transformation to a SaaS business model, which caused revenue to decline in CY18 but will result in higher recurring revenue and improved profitability over the long-term and the past two quarters have now been EBITDA positive.”As I stated earlier the company should of did a Strategic Review and shopped the company around, Enghouse must of promised to keep our light weight management team employed.
Comment by
Cdnmate23 on Mar 25, 2019 7:50pm
As he’s unlikely to read this you best send him a direct note. Please Cc this board. It’s unlikely a higher bid will present, there’s no go-shop provision, and a material break up fee. I’m selling and hope to see you fellas and gals on another board.
Comment by
palimpsest on Mar 28, 2019 1:54pm
I had a friend send me the research report. While The analyst Pardeep Sangha says the “price undervalues Espial’s business” if you read 3 paragraphs before they changed their rating from Buy to Tender. He also says in the opening paragraph that he believes the transaction will go through. So I’m not certain why you guys are saying he is an idiot.