MY TAKE: SWIR WILL ACQUIRE LTRX @ 2 - 4 TIMES THE CONSTANT $1.5 SHARE PRICE....SWIR NOT BASHFUL ABOUT GOING ON AN M2M SHOPPING SREE
AUGUST 2, 2013......SWIR mulls acquisitions
Sierra Wireless Inc. (TSX:SW) is looking for acquisitions. Jason Cohenour, Chief Executive Officer of Sierra, said at the earnings conference call, “We also plan to put our strong balance sheet to work in acquiring great M2M companies that help us further expand our position in the value chain, strengthen margins, and drive growth.”
SWIR ----- 8//2/2013 2Q 2013 CC COMMENTS:
Jason W. Cohenour - Chief Executive Officer
Well you know we’ve got plenty of cash. and we’ve been very clear that we plan to deploy a significant amount of that cash and get a driving growth through M&A but we’ve also committed to a balance approach of capital allocation that includes a return of debt to shareholders through buybacks. So as you saw we’ve done some of that. We purchased over a half of million shares in the first half. And that certainly continues to be you know an option for us in the second half notwithstanding the increase in share price recently. But our priority always has been M&A, Mike, and will continue to be. I think we’ve got you know good ideas that are maturing in our following and I suspect we’ll be successful in completing a couple of transactions in the coming periods.
THIS IMO IS THE REASON THERE IS A FORCE CONTROLLING THE STOCK FROM GOING HIGHER OR LOWER.....SWIR & LTRX HAVE A PRICE ALREADY SET.....
LMAO -- there's nothing LTRX has that SWIR needs -- take a look at the products they offer. As for the "IMO" statement, if there was even an ounce of credibility to this, LTRX would be headed for the moon right three weeks ago when the concall statement was released.
You pumpers really have to think these postings through before you look this stupid.