He must have known his post was severely lacking in factual support. And his intended affect clearly took place - look how giddy you guys got.
A lot of what I read is people hearing what they want to hear. Tex, if you are so convinced it is now because of macro trends and trading volumes can you explain to me the other side of the coin? Under what circumstances would you be convinced a deal would NOT be happening in the next 12 months?
Here's a thought- What kind of industry would you like to see WK buy into. Thoughts initially are:
- record storage (consolidate smaller record storage companies and build a competitor to Iron Mountain)--lots of cash flow, recurring revenue stream, mature industry that is somewhat fragmented
- for profit education (cash flow)
- commercial real estate (debt or equity)
- cell towers
FWIW, I agree.
Looking at the trading activity in particular last week's bizarre 349k trades in one day leads me to believe that something major is about to pop.
Second, as I posted in the past; Kanders needs to make a deal soon so that the pps can appreciate to the upper teens and beyond so as to make him tons of money on his options.
Third, one of these days the Fed will have to start raising interest rates and it would be best for the " new " Clarus entity to be in business for some time in this low interest environment to establish a good market pattern.
Fourth, yesterday's trading activity was quite odd. Just one trade of 735 shares early in the morning, then nothing for most of the day, then all hell broke loose starting about 2 PM, with the ask continuing to go higher and trades going through at the ask.
Yes, IMESHO, it would appear to me, at least, that a deal is lot closer now. I have a strong sense ( OK, this is only an opinion ) that we will see a deal announced by or before the next quarterly financial report, which is in about six weeks.
Time will tell.