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SWS Group, Inc. Message Board

  • jetsjr5656 jetsjr5656 Jan 11, 2014 11:36 AM Flag

    unsolicited offer

    Seems like this offer is undervalued. Book value shows to be over $11/sh.

    the Board to meet to discuss....looks like they at least have to counter at book or even better.

    This is an interesting phenomenon--looks like a bottom fishing expedition.

    anyone else have some insight?

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    • I agree- offer is way under actual value-but Yahoo shows book value at $9.64- where did you get "over $11."?
      Hard to believe board and shareholders would approve such a low offer.

      • 1 Reply to joeprax
      • Joe,

        it came from yahoo chart....does not reflect the warrants outstanding so your # is correct. it seems like a premium to book is in order. I saw a post on the news section as to a law firm wanting to investigate the board on the offer. I am under the impression that the board was not advised of the offer prior to receiving it. Seems like they have a fiduciary obligation. The question is, does this bring other bidders? The stock is trading over the $7/sh price so indicates the market thinks it is too low.