A question NOT asked on the call was with this 5mil/30 day with regards to other segments. WHy not make it all one deal now? Why risk loosing the 5 mil?
Gotta rearrange/additional financing for the other parts?
I'd like to tie mgmt's stock options to NOT making purchases for a year or so personally. There will ALWAYS be attractive aquisitions. IIVI is getting away from their historically stellar financial practices.
I'm afraid their quest for diversification in product lines and geography at the risk of profitability and financial standing could use a vacation.
Either that or I'd like to get a job on their acquisiton team - seems like a permanent job doing what I'd prefer to think of as temporary work(each aquisition).
Yes I realize currently money is cheap.
Yes I realize IIVI's financials still aren't bad.
Yes I realize still a lot of insider ownership - even as Carl sells some off - wouldn't you?
Let's face it. Management has a long history of over paying for acquisitions, as well as their own stock in buy backs. This doesn't seem to be changing. Mister Market has cast a vote of "no confidence."