Thu, Apr 24, 2014, 8:56 AM EDT - U.S. Markets open in 34 mins.

Recent

% | $
Quotes you view appear here for quick access.

Elecsys Corporation Message Board

  • Eggplant101 Eggplant101 Jun 29, 2011 1:31 PM Flag

    My hunch . .

    This may be silly speculation, but here goes:

    On 4/23 NMRX filed a mixed-shelf registration for $30m, presumably stock for an acquisition. Simultaneously, they increased their (undrawn) bank line of credit from $5m to $10m. The press release at the time was cagey and non-committal, with an oblique reference to possible future acqisitions. The S-3 went effective on 5/3 -- so they've had their dry powder for two months now . . .

    Well, as it happens, these #'s sort of wrap snugly around the cap structure of ESYS, allowing for a moderate acquisition premium.

    Who knows? I admit this sort of speculation is silly.

 
ESYS
13.73-0.07(-0.51%)Apr 23 3:59 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.