Post by
Register123 on Aug 15, 2016 12:49pm
Sell The Company or Replace The CEO
If this company isn't taken out in the next month or so, I think the Board should replace CEO Mark Thompson..........Now that earnings have been released, its hard to see a catalyst that would move the share price forward between now and the next earnings report even though the company appears to be trading at under 0.50 Book........By selling the company now, shareholders can move on and the (likely) private equity firm purchaser can focus their efforts on building the business over the long term without the worry of short attacks..........Who wants to wait for years until the share price gets back to the $30 - $40 Canadian level if the company can be sold now for that amount......?....Let's get a deal done.......
Comment by
thedave2006 on Aug 15, 2016 1:02pm
you could of had 30-40 Qs ago or even higher year or more ago. after such a Q, 20-25 if that if a TO does happen now. now who would?
Comment by
Juice004 on Aug 15, 2016 1:45pm
Hi there, I'm new here and have been scrolling through posts and came accross this one with some inaccurate information....CXR is not trading at 0.50 book value. If you look at their latest balance sheet you will see that the book value per share is $7.20 USD.after the large impairment writedown they just took.