Dear Mac, Please sell the company. $32 would be fair.
he already rejected bids higher than $32? I bethe did but is not concerned with his shareholdersfiring him. After all, we can't be sure, canwe?So the question is:What has to happen forthis stock to get higher than $32? Will bottomline growth justify a higher multiple?Will the"people biz" someday justify a higher valuation whenassets can just quit and go work for their clientdirectly?Can CBR get multiple favorable mentions on CNBC andby Abby Joseph Cohen (the only thing that can almostguarantee a stock price rise these days)?Let ushope we see some or all of the foregoing plus whateverelse Mac can think of to make us some money.
This stock will not see $32 in the next 18 months unless MAC takes an offer.