Hmmm, as of today, a quick look at Yahoo charts for MENT shows: 1 year - up 80% 2 year - up 240% 5 year - up 40%
In each case, MENT has outperformed the Nasdaq by a wide margin. They have also outperformed their main competitors CDNS and SNPS.
Doesn't look to shabby, does it? What am I missing? The only folks that could be unhappy are traders looking to make a quick buck from this Icahn/Casablanca drama.
Casablanca's statement today highlights performance over the period since 1993, when the current CEO took over. When the current CEO took over, MENT was in big trouble. So, hardly a meaningful or even useful comparison, no?
I can buy that consolidation in this industry will make the industry more profitable. I don't buy that MENT should be the driver for that consolidation. Take a closer look at CDNS performance...