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Hoover's Inc. (HOOV) Message Board

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  • rossovino_2000 rossovino_2000 Jan 7, 2003 10:05 AM Flag

    In the most recent Barrons p.29........

    D&B owned Moodys for years. They don't buy & spin. They bought iMarket a couple years ago, and successfully integrated it into their core business, which is what I think they will do with Hoovers. They don't play the market, buying & selling companies to make money. They are extremely focused on their core business & getting better at it. They must think Hoovers will add value to their core business, or they wouldn't have spent it. The new Chairman has dollars to invest, but is very frugal with them. D&B expense control is fanatical these days. They don't squander dollars.

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    • "The new Chairman has dollars to invest, but is very frugal with them. D&B expense control is fanatical these days. They don't squander dollars."

      -- No kidding! HOOV at this value/valuation (IMHO) is a steal for them.....Good luck to all.....

      • 1 Reply to valuemonster_jurel
      • another 51.3/15.4=$3.33/share
        If the DB deal is $110m in cash, then it costs DB only $110 - $30 (HOOv's cash) - $50 (tax savings = $20 or approx. $1.30/share, give and take to acquire. This is a good deal to DB, not to us, HOOV shareholders.

        This has not taken into consideration of HOOV's earnings growth. Please see today's news and the upcoming proxy.

        How can HOOV management, BOD agree to this kind of deal? I am going to vote NO to the pending deal.

        Even though it is a waste to pay the breakup fee, but we need to auction HOOV or stay as an independent company. I suggest that we the shareholders ask management and the BOD and SG Cowen to pay us back the breakup fee!

        Please vote NO!