Well said. We don't really know what's going on yet. I put in a call to Investor Relations late yesterday and haven't heard back. I doubt I'd learn much but would like to hear what the PR person is saying.
And you're spot on with the 'immediately accretive' earnings referring to future earnings.
One thing to remember with TNDM (if YHOO's page is accurate) is that its owners are 85% institutional and over 3% insider owned. That leaves a measly 11% owned by little retail guys like us, right? It seems that we are at the total mercy of institutional mood with this company.
Now for another speculative scenario: TNDM has an offer for buyout; Wren didn't like the price; the board wanted a better price than the offer, but came to see Wren as a deal-killer, and they want to deal; stock buyback implemented to boost share price to improve deal; Wren put aside.
Because he brings unique knowledge to the table and is in minority on board. The board would like a higher offer, obviously, so a strong voice for more wouldn't hurt. But a rogue CEO could gum up the works. So he's out, but he's still in.
---this is total speculation and really shouldn't be taken seriously.
Quite a walloping here today.
Anybody dipping their toes in the water or are you waiting out the pullback?