I am not thinking of arbitrage. even income a little lower. going private will help lower the sabones-soo,,, accounting cost, which drag the earnings down also it still can be leverage, the increase od dividend and buyback shows it.
not for sure for buyout, but $22 is undervalue a little but, UBS has $25
SGDE was bought out at the highest of analst estimate.
withe low mkt cap, secent earning, buyout is possible, maybe 10% but possible