I was out in Vegas and California 2 weeks ago and the main thing I heard about was AYI was on the block. I heard several companies were interested but Negal wanted to much. From what I hear, the deal will be done by calendar year end at just over $60.00.
Trust me, this is not inside info, just my opinion but I have been know to have an ear very close to the ground.
Good luck longs.
might actually get lucky here soon and get a bear mkt pop to the 200 ma.
So I just wanted to say hi, and move this comment back up above the spam and remind everyone what a complete moron you are for ever thinking this company might actually get bought out in our lifetime. BTW, we've already enjoyed a 20 handle.
As time passes, your information is less likely to become reality. For AYI to be taken out at $60, this is about a 100% premium to their recent price of $29 - $33.
Won't happen, or will at a far less price.
Back funding hard to come by.
Care to update us or still believe the offer will come at $60?
Hey Thomas.....ya just never know who you're going to run into around here!
I've been holding on to a small taste of AYI, and was thinking that $50 might be a decent near term exit, but after reading your post I may just sit tight and see what happens.
Good luck and thanks for the heads up.
FYE was in August, not sure the numbers will look all that great as they probably started preparing for 2009 and took some accounting advantages.
I am currently showing a paper loss on my shares I currently hold but think they will come back and also feel the place will be sold by the middle of 2009.
AYI is doing much better than NCC......
No, I do not work for the company.
Take a look at the past 4 quarters. They surprised by 13.4%, 20.6%, 3.1%, and 2.04%. They always underestimate so they can beat the street.
On the CC, guidance was lowered but they said they would get through it. My bet is they set another record this quarter.
All this my opinion but I do think they will sell soon.