Now pps $12.30.
So Walden think $12.30 is better than $17 !!!
Icahn must be giggling .... How do you expect this CEO to give value to MENT ???
Icahn could re-offer at $16 and will Walden think $16 is better than $17 ?
I see $20+ by Feb or before. Just keep in mind that the new board will bring changes to cut costs. That should be reflected starting with Q2. They have had full two months in Q2. So I expect MENT to beat estimates by a decent margin. And then raise full year target as well. Mentor could earn $1.20 this year based on coat cutting and share buy back. Even if you give a modest 15x to 20x PE, that will put it in the $18-$24 range. This is the main reason mgmt would sell for anything less than $20.
CDNS's earnings will show that this sector's growth is in tact and on a healthy rise. New design starts or growing and will continue to grow.
And on top of this add the potential for a buyout, which is very high. Given all these factors MENT is the stock to own, with a potential to return 70% to 100% in 6 to 9 months. That's not bad at all.
If you win, I'll be more than happy to pay up. Also, do you think this could be a $20 stock at any point by the end of the year? If so, what do you see as the catalyst(s)? I'm guessing earnings would have to be beaten handily or a higher offer would need to be forthcoming. But this management team really doesn't seem to be that motivated on behalf of shareholders. Thanks.
Ok, so that's $15 by the third week in August. I'll take the under bet AND spot you $.25 before I collect on the wager. $1,000 or 100 shares of this whichever is worth more at that time?
CDNS' earnings should push this sector higher. Good earnings from CDNS will show that this sectors' earnings are growing every qtr and these companies are doing a good job of controlling their costs.
MENT should start its climb and reach around $15 by earnings, if I were to wager.