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Castle Brands Inc. Message Board

  • mike98fta mike98fta Jan 3, 2008 12:43 AM Flag

    will they sell the company?

    anyone think they will sell the company? not even sure if they are looking.... just curious short term an long term?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Unknown, but look at the current market. There are over 20 companies interested in purchasing Absolut. Only 1 company will. Almost all major spirit companies have taken sharp prices increases this year to gain extra capital to try and make a bid for Absolut. If they don't win the bid, they may consider a company like Castle Brands. Of course, Castle Brands may consider buying some of the products that are dumped from the Absolut sale, I don't anyone will be doing anything major until after the Absolut sale is done and finalized.

    • To be completely honest, in time they could be bought out who really knows. If there finances are doing poor theres always a possiblity. Or there development that they said last year will kick in feb. of 2008 could also show a difference. I have 5000 shares of ROX that i bought at 2.60
      I hope to see it go up past 3.00

 
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