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WSP Holdings Ltd. Message Board

  • palosparkflash palosparkflash May 30, 2014 11:12 AM Flag

    $2 at time of initial buyout offer in 2012

    It was at $2 before December's 2012 announced that the company had received a buyout proposal. Another suitor may be interested at the current discounted price.

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    • Be Careful on this stock, This company had burned a lot of people at the last bankruptcy.

      This company has a long history of suspicious activities, starting with past failure to report report earnings on several occasions and most recently, the failed buyout. This buyout looks suspicious to me. Think about this, this company should be worth a lot more than $2.00 per share. If they really wanted to sell, there would be plenty of buyers out there. I do not believe they want to be bought out. I believe the buyout was staged so they can make money for themselves.

      If this was a legitimate company they would have real analyst covering this company currently. This company does not want analyst in their doors.

      Its my belief that they will eventually file bankruptcy, selling all their holdings to a company they already own or control.

      I hope I am wrong for you longs.

      Good Luck

    • I hope you are right. But with the latest financials being the quarterly report for March 2013, who knows what a fair value would be?

      Sentiment: Hold

    • Current hangover is the 6 months to stay compliant with NYSE. This has fallen another 50% since this last note. Definite value here, especially when considering pre buyout price was over $2

      Sentiment: Buy