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Black Diamond, Inc. Message Board

  • itoljaso itoljaso May 8, 2009 9:57 AM Flag

    still nothing

    Nothing in the quarterly to indicate any movement toward a deal - if they were in any kind of serious negotiations, they'd probably have to disclose it. Cash burn is up, the tax credits are beginning to expire, and for what? Valuations are hardly going to get better than today; I feel like the opportunity for them to do an advantageous deal is slipping away. This continual delay is getting pretty exasperating.. I'm tempted to sell and invest the proceeds myself. I can certainly find attractive uses for my cash if Kanders still can't.

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    • As long as Clarus covers compensation and office rental expenses, it is a free ride for these people, who also work for other entities. What has changed is that now the company is operating in the red, whereas before there was enough investment income to cover these expenses. So why should they have a sense of urgency it seems to me, as it also seems the principals do not really share our fate. This is just my personal opinion, always glad to have factual errors pointed out.

4.84Sep 23 4:00 PMEDT