The future potential of Westport is so great that the company does not want any kind of buyout. Management knows that large scale transition to natural gas engines is only a matter of time. Selling out would be foolish.
It appears that a buyout may be coming. The stock is deliberately being repressed and that usually signals a buyout. That gives the banks a chance to negotiate a lower price to accumulate prior to the announcement.
I hope I'm wrong cause I have a heap of stock and prefer that it continue independently.
I agree. Why sell, although mgmt really does not have control over this as any offer must pass shareholder and bd approval, when the potential is so great. I really think Westport and Cummins benefit more with the present arrangement.
Westport loses money quarter after quarter, year after year. cummins may be interested in some of their technology and techniques, but by waiting they will be able to purchase it much, much more cheaply a bit further on down the road.