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Ancestry.com Inc. Message Board

  • shovavtov shovavtov Oct 24, 2012 5:42 PM Flag

    Why has ACOM been acting so terribly desperate to sell?

    They hardly seem to be negotiating from a position of strength, despite some very solid fundamentals, confirmed by today's earnings report. What gives?

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Maybe it's because the street has refused to give this company and its stock any respect for the past year or so. If they hadn't announced that the company was up for sale months ago I'm sure the stock price would still be stuck in the mid 20's, regardless of the fantastic results they always report.

    • Ancestry's CEO and President, Tim Sullivan, and the CFO/COO, Howard Hochhauser, will both retain the majority of their equity stakes in the Company after the deal closes.

      They will continue to share in the success of the company, while we are sold out for a price per share that is less than the 52 week high.

      The SEC should freeze this deal while they investigate it for an obvious conflict of interest and corruption!

 

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